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TIDM AXM
Headline Interim Results
Released 15:40 29-Sep-05
Number 9692R



Alexander Mining plc



29th September 2005



Operational Update and

Interim Results for the six months ended 30 June 2005



Operational Update



Alexander Mining plc (Alexander, the Company or the Group) is pleased to release the following update report on its projects in northwest Argentina and Peru.



Highlights



Encouraging initial drilling results from the first two holes assayed at Leon show higher true width intersections and grades of copper mineralisation than previously reported averages.



Fourteen out of the fifteen holes drilled to date have intersected the orebody, with additional results pending samples sent for assaying.



Approximately 100,000 hectares of additional exploration claims have been taken out in the Leon region.



Rachaite drilling scheduled to start by the second week of October, 2005



Leon Copper/Silver Project, Salta Province, NW Argentina



The initial 10,000m diamond core drilling programme at Leon, being undertaken by Falcon Drilling, is progressing rapidly. To date, fifteen holes have been completed, of which all but one have intersected the orebody. Whilst these are early results, the first two holes, for which assays are available from ALS Chemex Laboratories, show significantly better than expected grades and true widths of intersected mineralisation when compared to the average resource results reported by the previous operator. These two holes were drilled on separate vertical sections (or fence lines) spaced 100m apart and at an angle of -50 degrees from surface.



As shown in the table below, hole LP05-002 intersected from almost surface (0.09 metres m) 45.14m of mineralisation - a calculated true width of 29.01m, at 1.13% copper and 39 grammes per tonne (g/t) silver. The copper grade for the complete intersection is 41% higher than the average resource grade reported of 0.80% calculated from previous drilling in the 1990s. Moreover, the calculated true width for this hole is substantially thicker than the estimated orebody average of 15.5m from previous work.



Hole LP05-003, drilled on the next fence line 100m to the south of that for hole LP05-002, intersected 47.87m of mineralisation from 66.26m, with a calculated true width of 30.75m, at 0.95% copper (with silver assays pending).





Hole

N
Angle from surface
Intersection

from
to
Calculated true width
Copper assay grade
Silver assay grade


degrees
m
m
m
%
g/t

LP05-002
-50
0.09
45.23
29.01
1.13
39

LP05-003
-50
66.26
114.13
30.75
0.95
pending






Alexander has also taken out an additional 19 exploration claims, totalling approximately 100,000 hectares (ha; approximately 250,000 acres), over areas to the north and south of the licences that the Company is currently drilling. These claims have the potential for significant near surface copper and silver mineralisation similar to that at the Leon system.



Rachaite, Copper/Molybdenum/Gold Project, Jujuy Province, NW Argentina



Good progress has been made and mapping and sampling have been completed, resulting in the definition of a major copper/molybdenum/gold porphyry target. Road construction and drill site preparation has been finished and community relations work has advanced successfully. A drilling contract has been awarded and is scheduled to start by the second week of October, 2005.



Sulcha, Gold/Silver Project, Otuzco Province, Peru



Topographical survey work and surface sampling are being carried out. Additional geological work is underway in anticipation of commencing drilling in late 2005. In addition, Alexanders Peruvian subsidiary was granted an additional 400ha (988 acres) of exploration claims adjacent to the Sulcha block.



Matt Sutcliffe, Chairman and Chief Executive Officer, said that he was delighted with the highly encouraging progress to date at Leon and excited by the potential of the additional exploration claims taken out in the Leon region. I look forward to the commencement of drilling at Rachaite and the reporting of drilling results from both projects in due course.





Interim Results for the six months ended 30 June 2005



The Company is pleased to report that excellent progress has been made in its objective of growing into a mid-tier mining company and that the market conditions remain favourable for the exploration and production of base and precious metals.



Highlights



Listing on AIM in conjunction with a successful and oversubscribed equity placement raising 20m

Establishment of the main office in London and a regional office in northwest Argentina

Good progress with projects in Argentina and Peru

New senior management appointments

Strong financial position



Chairmans Review



It gives me great pleasure to report on Alexander interim results for the six months ended 30 June 2005. During the period, the Company listed on the AIM market of the London Stock Exchange on 4 April, 2005. In conjunction with the AIM listing, a successful and oversubscribed equity placement, predominantly to UK investment institutions, which raised gross proceeds of 20m, was completed. In the course of our transformation from being a private to public company, we have established our main office in London, regional office in the City of Salta, Salta Province, northwest Argentina and made key staff appointments.



Operations

Encouraging progress has been made in the last few months with our South American projects. The Companys focus has been its Leon copper/silver project in northwest Argentina, where a major technical and 10,000m diamond core drilling programme, designed to delineate the mineable resources of the Leon deposit to the JORC Code standard, is underway. At the Rachaite property, drilling will commence in early October 2005. The Sulcha project in Peru is progressing towards drilling.

Financial

During the six months ended 30 June 2005, the Company made a consolidated net loss after taxation of 436,000, compared to a loss for the period ended 31 December 2004 of 296,000. Interest earned during the period totalled 241,000 due to our strong cash position, which totalled 21.5m at the end of June. During the period, 482,000 of exploration costs have been capitalised, representing costs associated with the acquisition and initial exploration on the Companys projects in South America.

Outlook

The mining sector continues to enjoy strong investment interest, reflecting strong precious and base metals markets. The strength in base metals has been largely fuelled by the extraordinary growth of the Chinese economy and, of mounting importance, increasing demand for commodities from India. This favourable scenario, as well as our significant cash position, provides the Company with an excellent outlook.

On behalf of the board, I would like to thank our shareholders for their strong support and to thank my fellow directors and employees for their hard work and dedication during what has been an excellent and satisfying period of progress for the Company.

Matt Sutcliffe

29 September 2005



Independent Review Report to Alexander Mining plc



Introduction

We have been instructed by the Company to review the financial information for the six months ended 30 June 2005, which comprises the profit and loss account, the balance sheet, the cash flow statement and related notes. We have read the other information contained in the interim report and considered whether it contains any apparent misstatements or material inconsistencies with the financial information.



This report is made solely to the Company and in accordance with Bulletin 1999/4 issued by the Auditing Practices Board. Our work has been undertaken so that we might state to the Company those matters we are required to state to them in an independent review report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company, for our review work, for this report, or for the conclusions we have formed.



Directors' responsibilities

The interim report, including the financial information contained therein, is the responsibility of, and has been approved by the directors. The directors are responsible for preparing the interim report in accordance with the rules of the London Stock Exchange for companies trading securities on the Alternative Investment Market which require that the half-yearly report be presented and prepared in a form consistent with that which will be adopted in the Companys annual accounts having regard to the accounting standards applicable to such annual accounts.



Review work performed

We conducted our review in accordance with guidance contained in Bulletin 1999/4 issued by the Auditing Practices Board. A review consists principally of making enquiries of group management and applying analytical procedures to the financial information and underlying financial data based thereon, assessing whether the accounting policies and presentation have been consistently applied unless otherwise disclosed. A review excludes audit procedures such as tests of controls and verification of assets, liabilities and transactions. It is substantially less in scope than an audit performed in accordance with Auditing Standards and therefore provides a lower level of assurance than an audit. Accordingly we do not express an audit opinion on the financial information.



Review conclusion

On the basis of our review we are not aware of any material modifications that should be made to the financial information as presented for the six months ended 30 June 2005.



PKF (UK) LLP

Chartered Accountants

London, UK

29 September 2005

Company Alexander Mining PLC
Headline Drilling Begins at Rachaite
Released 17-Oct-05

Commencement of Drilling at Rachaite

Alexander Mining plc (Alexander, the Company) is pleased to announce that a diamond core drilling programme has commenced at its Rachaite copper/molybdenum/gold porphyry target in Jujuy Province, northwest Argentina. The planned programme is for six holes of around 250m length each, plus one deeper hole.

Matt Sutcliffe, Chairman and Chief Executive Officer, said that: the programme is designed to test the potential for Rachaite hosting a sizeable discovery and the Company looks forward to reporting results within the next two months.

        Minews Story                                                                               Date: November 11, 2005
                     Alexander Mining Makes Progress In Argentina, But News Flow Is Sparse
By Sally White.

(please see top posting for full story)

Geoff Foster, Daily Mail
17 November 2005

"AIM-LISTED copper specialist Alexander Mining, founded by former miner and City analyst Matt Sutcliffe, eased 1p to 22p and is in need of a boost.

Dealers hear that an upbeat drilling report on its Rachaite and Sulcha properties in Peru will hit traders' screens next week. It is also shoring up its Juramento copper resources in Argentina and drill results here could be better than expected. "

Sarah Marks, Evening Standard
18 November 2005

Alexander Mining, an AIM listed metals digger, attracted attention after putting out a positive report on its Peruvian operations. Encouraging grades of gold and silver mean it will start a drilling programme in the first quarter of 2006. Alexander was up 2p at 24p.

Company: Alexander Mining PLCTIDM: AXM Headline: Peru Progress ReportHeadline: 09:48 18-Nov-05Number: 3396U
Sulcha Project, PeruProgress Report

(please see top post for full release)

18 November 2005
LONDON (AFX) - Alexander Mining PLC said it was highly encouraged by recent results at its Sulcha gold and silver project in Peru.
The company is progressing Sulcha towards the start of a drilling programme in the first quarter of next year.
Chairman and chief executive Matt Sutcliffe said: "The results from Sulcha were most satisfactory at this stage of the exploration programme and the company looks forward to the commencement of drilling."
newsdesk@afxnews.com
joy

Alexander Mining PLC
22 November 2005-11-22

FOR IMMEDIATE RELEASE

Alexander Mining plc
Board Appointment

(please see top posting for full details)

Removed

Whats happened to OCM, he's been positive all year about the share, i suppose embarrasment can sometimes get the better of you. I think it would be better for axm to find something to sell first. Nice pic by the the way.

bitoffun.com/forums/attached/thumbs/t_bouncy3gp.gif

The monthly chart (see posting number 1) will in future show the number of shares bought rather than the value of shares bought.

Arise Sir Onechunkymonkey,hes back, the joy to hear the fantastic things you are going to do. ps any comment on the complete spectactular failure so far of your glorious tip. Should come good in 2006, YES.

Looking at the top posting on this board will clearly show that I only post company and news releases and charts showing factual information. Obviously I have a financial interest in AXM and therefore would very much like to see the share price head north, but in this world credibility is everything. Anything I post always has and always will be strictly factual -clearly verifiable. Like anyone else, I do have opinions but keep these in check. Everyone should always do their own homework before making any investment.

aaahhhhhhh OMC, cheer up mate. please refer to the number of the post where i have attacked axm. or would you like me to quote the numerous posts where you have said people will get rich very quickly BUT sp has done nothing but gone down or sideways.

The company still produce nothing, the prospects are they will in the future and probably be very profitable, but that could be weeks, months or years away. You do never make this clear which does not enhance your reputation and is downright bordering on ramping (this means taking advantage of the new, naive and vunerable). Look foward to reading some better, well balanced posts on AXM in the future. Happy new year.

read on

Well they look well balanced !!!!

jiggles - would you like a kiss??? and please stop showing pictures of my sister!!

Kivver darling, are you really saying that you have pictures/jpegs of your sister which look like mine?? ......isn't that illegal???

Chow.
J.

Two unusually large buys late on today. (425,000 and 454,900)