29th June 2007 - Broker Comments : PDF File Click Here


Web Site : http://www.aurummining.net



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Aurum Mining PLC
17 November 2006

AURUM MINING PLC
('Aurum' or 'the Company')
Appointment of Chief Financial Officer

Aurum Mining plc (AIM: AUR), the company formed to acquire gold and other
mineral extraction projects in the Former Soviet Union (FSU) and whose principal asset is the Andash project in the Kyrgyz Republic, is pleased to announce the appointment of Christopher John Eadie as Chief Financial Officer. Mr Eadie, age 37, will join Aurum's Board of Directors with immediate effect.

Mr Eadie trained as a Chartered Accountant with PricewaterhouseCoopers and
qualified in 1997. For the past eight years, he has worked for Cable and
Wireless plc, where he held a wide variety of financial roles including five
years as a Manager in the Corporate Finance team. Most recently Mr Eadie worked
as Financial Controller on the integration of the acquired Energis business into Cable and Wireless' existing UK business.

Mr Eadie's experience is expected to be of particular value to the Company as it moves close to the project financing phase of the Andash project. To date,
Aurum's finance function has been overseen by Haresh Kanabar, the Company's
Business Development Director.

The Board of Aurum announces that the Company has granted options over 500,000
ordinary shares of 1p each to Mr Eadie at an exercise price of 99.5p per option.
Of these 500,000 options, 150,000 are exercisable with immediate effect. The
remaining options are exercisable subject to certain performance criteria which
the Board has agreed such that a further 150,000 shall be exercisable
immediately following the securing of financing for the Company's Andash
project, and 200,000 will be exercisable on the production of gold at Andash.
These options will lapse, to the extent not previously exercised, after a period of five years from their date of grant.

Commenting on Mr Eadie's appointment, Sean Finlay, Aurum's Chairman, said: 'I am delighted to announce Chris' appointment as Chief Financial Officer and to
welcome him to Aurum's Board. His broad financial experience will be of
significant value to Aurum and his appointment marks a further important step in the Company's development.'

Mr Eadie is a director of Chris Eadie Associates Ltd. No further disclosures are required to be made in relation to Mr Eadie under schedule 2 (g) of the AIM
rules.

And Full Feasability study due anytime now..



http://www.investegate.co.uk/Article.aspx?id=200611280700587984M

Aurum Mining PLC
28 November 2006
AURUM MINING PLC
('Aurum' or 'the Company')

Award of Mining Licence by Kyrgyz authorities

Aurum Mining plc (AIM: AUR), the company formed to acquire gold and other mineral extraction projects in the Former Soviet Union (FSU), is delighted to announce that it has been awarded a Mining Licence by the Kyrgyz authorities for the Andash licence area in the Kyrgyz Republic.

The award of the Mining Licence is an important endorsement of Aurum's approach to the construction and operation of the proposed mine at Andash Zone 1 and underlines the willingness of the Kyrgyz Republic to work with the Company.

The award of the Mining Licence follows the submission in June 2006 of a local feasibility study for Andash Zone 1, which covered the economic, mining, metallurgical, legal, environmental and social aspects of the project. This study confirmed the Zone 1 resource estimates previously included in the State Register of the State Commission of Resources of the Kyrgyz Republic, amounting to gold and gold equivalent of more than 1.5 million ozs.

The Mining Licence, which was awarded by the State Agency for Geology and Mineral Resources of the Kyrgyz Republic to Aurum's wholly owned subsidiary, the Andash Mining Company, is initially valid until 31 December 2017 but can be extended on the identification of additional resources in other zones of the Andash licence area.

It is expected that construction of the Andash Zone 1 mine will take place during 2007 and that commercial production will begin in 2008.

Aurum is also pleased to announce that completion is imminent of the full feasibility study to JORC standards being prepared by Wardell Armstrong International, an independent mining consultant with particular expertise in the FSU. Together, the full feasibility study and the Mining Licence will form the basis of detailed discussions for the project financing of the Andash mine, which will be an open pit operation with the potential for high production rates.

Mark Jones, Aurum Mining's Chief Executive, said: 'The receipt of this Mining Licence highlights the enthusiasm of the Kyrgyz authorities to work with Aurum Mining. We have worked hard to ensure that the proposed Andash Zone 1 mine meets the expectations of the Kyrgyz people and I am delighted that, in receiving the licence, we can report another important step in our transition from gold exploration to gold production.'

For further information:
Aurum Mining plc Tel: 020 7478 9050
Mark Jones, Chief Executive

Arbuthnot Securities Tel: 020 7012 2000
Graham Swindells

Buchanan Communications Tel: 020 7466 5000
Mark Court / Rebecca Skye Dietrich

Notes to editors
Aurum Mining joined the AIM market of the London Stock Exchange in May 2004 with the strategy of seeking, evaluating and acquiring gold and other mineral extraction projects in the Former Soviet Union (FSU). In January 2005 the Company completed its first acquisition, giving the Company an exploration licence over the Andash gold and copper project in the Kyrgyz Republic. Mining consultant Wardell Armstrong International has confirmed a JORC resource estimate of 1.49 million ozs of gold and gold equivalent in Andash Zone 1 in Measured and Indicated categories. The feasibility study for Zone 1 is scheduled for completion by the end of this year, allowing production to begin in 2008. The Andash project also includes the Zone 2 and Zone 3 along with Tokhtonysay and three other additional exploration areas.

Still ticking up, and still massively undervalued, even though the recent news has taken the risk levels down quite a bit.

Ho Hum.

Would not be surprised to see a bid come in.

Picking up again now, we are due more news in December :)

Small extract copied below from todays FT ref to AUR :

http://www.ft.com 6th Dec 2006


"....*Aurum Mining, the gold and copper explorer focused on the former Soviet Union, gained 5.1 per cent to 114p amid rumours it could be a takeover target for Celtic Resources, flat at 177p.".........

I said earlier I would not be surprised to see a bid come in, Aurum is presently valued at just 18$ per ounce (P&P), whereas the market average is 250$ an ounce. This was "justified" as Aurum is in a high risk area, and might not get their license. Well, they have their license now, and a FS is due this month and with financing they plan to be in production in 2008.

Therefore, given the present 18$ an ounce rating, I would expect an offer to come in, if someone can snap Aurum up for say 50$ an ounce, they will have a fantastic bargain, and that represents over 300% up from here, and yet would still be 4 times below the average rating.

Exciting times ahead, the FS when released (should be this month) will be interesting, and could lead to a real offer.

Yet more good news :

http://www.investegate.co.uk/Article.aspx?id=200612070927344242N

287K X trade on Friday, hopefully that is the end of a seller. There has been resistance at around the 117p level, so lets hope that cross trade has cleared them out.

Excellent news, again :)

http://www.investegate.co.uk/article.aspx?id=200612190701291880O

Aurum Mining PLC
19 December 2006


AURUM MINING PLC
('Aurum' or 'the Company')
Completion of Bankable Feasibility Study for Andash Zone 1

Impressive progress, and valued probably the cheapest on the market for their gold..............


http://www.investegate.co.uk/article.aspx?id=200612200700452855O


Aurum Mining PLC
20th December 2006
AURUM MINING PLC
('Aurum' or 'the Company')

Interim Results for the six month period ended 30 September 2006

Aurum Mining plc (AIM: AUR), the company formed to acquire gold and other mineral extraction projects in the Former Soviet Union (FSU) and whose principal asset is the Andash project in the Kyrgyz Republic, is pleased to announce its interim results for the six months ended 30 September 2006.

Highlights in the year to date

Award of Mining Licence from the Kyrgyz authorities for Andash Zone 1

Completion of fully bankable feasibility study for Andash open cast mine, with initial production expected in 2008, showing:

Measured and indicated resource base increased to 19.2 million tons at 1.1g/t gold and 0.4% copper

Additional low grade measured and indicated resource of 5.74 million tonnes at 0.44g/t and 0.15 % copper

Proven and probable reserve of 16 million tonnes, containing over 1.2 million ozs of Gold and Gold equivalent in copper giving an in-ground value of over $750m

Mining rate of 2m tpa with a pit life of 8.5 years

Stripping ratio of 0.8 tonnes of waste to 1 tonne of ore

Average cash operating costs of $223 per oz of gold and gold equivalent

Capital cost of $55.5 million including contingencies

Payback period of 3.3 years and an IRR of 39.7%,

New opportunities identified at the Tokhtonysay and Nakhodka exploration targets within the Andash licence area

Net loss of 702,000 (H1 2005: net loss of 389,000)

Sean Finlay, Aurum Mining's Chairman, said: 'We have made tremendous progress in the year to date and approach the New Year with a 1.2 million ozs reserve, a Mining Licence and a bankable feasibility study for just one of the zones in our Andash exploration area. We look forward to arranging project finance for our planned open cast operation at Andash Zone 1 and are also excited by the
potential of our other exploration areas.

'We expect to begin our first gold and copper production in 2008 and are now, therefore, on the threshold of making the transition from a junior explorer to a producer with the many benefits, including cash generation, that it will bring.' .................................

Tick Tick Tick, keeps on moving, now perhaps just very highly massively undervalued based on their gold IMO.

Value the gold at a misely 75$ ......and what do you get ? A price very much higher than here.

Doing well today !

Decent day and a jump in volume.

Hi PP, just to let you know that someone else is watching this thread with intrest, however at the moment not in a position to benefit, as locked in almost everywhere else at the moment.

Hi oilyrag, thanks.

Its been a good one for me so far, from the low 90's to where we are now, and with plenty more potential to come. The gold is valued so lowly its ridiculous, however its happened as some other companies in the past have gone about things the wrong way in Kygerstan, and lost their shorts. AUR have a good man on the ground, with the connections, and are doing everything by the book.......so the risk discount is far too much, but this is what makes the opportunity for some rewards :)

Nice blue start to the year.

L2 now 3 v 3 @132/137

From AFN :


Kablinsky - 3 Jan'07 - 07:49 - 101 of 101


38th Minesite Mining Forum

Tuesday 16 January 2007

Bishopsgate and Chancery Rooms
Great Eastern Hotel EC2.

0930 hrs

Minesite is kicking off 2007 with an interesting array of companies at our first investor Forum. All of these companies should do well this year for the reasons outlined in the short comments below.

""Aurum Mining put up a strong performance on AIM last year when its shares rose by 257 per cent to 121.5p. The company has completed a bankable feasibility study on its Andash copper-gold project in Kyrgyzstan, and initial production from an open cast mine is expected in 2008.""

Reason for the rise........


Aurum Mining PLC
21 February 2007

AURUM MINING PLC
('Aurum' or 'the Company')

Share price movement

Aurum notes the recent press speculation and share price movement and announces that it is in advanced negotiations which, if concluded successfully, would lead to the completion of a placing of new ordinary shares. The Company will update the market in due course.

26 February 2007
AURUM MINING PLC
('Aurum' or 'the Company')

Placing to raise 30 million to fund construction of Andash Zone 1 mine

Aurum Mining plc (AIM: AUR) is pleased to announce that 30 million new ordinary shares of 1p each in the share capital of the Company (the 'Placing Shares') have been placed by Arbuthnot Securities Limited, acting as the Company's Nominated Adviser and Broker, at a price of 100p per share to raise approximately 30 million before expenses (the 'Placing'). The issue was fully subscribed and marks the largest fundraising so far this year in the AIM market's mining sector.

Highlights

Aurum has raised 30 million before expenses at 100p per share to fund the construction and commissioning of the open-cast mine at the Andash Zone 1 gold and copper project in the Kyrgyz Republic.

Initial production at Andash Zone 1, which contains reserves of 1.1 million ozs of gold and gold equivalent, is expected to begin in 2008, marking Aurum's transition from an exploration company to a gold producer.

The Andash Zone 1 mine will be funded entirely through the equity raised in the Placing, and there will be no requirement for debt or associated hedging.

The Placing will also support Aurum's exploration programme within other areas of the Andash licence.

Mark Jones, Aurum Mining's Chief Executive, said: 'We are delighted by the success of this Placing which will fully fund the construction and commissioning of the Andash Zone 1 mine and which should take the Company through to positive cashflows. The strength of demand for shares in this Placing underlines the high quality of the Andash resource and the robustness of our strategy to monetise both Zone 1 and the other exploration areas within the Andash licence.'

Details of the Placing

A total of 30 million new ordinary shares of 1p each in the share capital of the Company (the 'Placing Shares') have been placed by Arbuthnot Securities Limited, acting as the Company's Nominated Adviser and Broker, at a price of 100p per share to raise approximately 30 million before expenses (the 'Placing'). The Placing Shares represent approximately 71 per cent of the enlarged issued share capital of the Company.

The net proceeds of the Placing will enable the Company to wholly fund the development of the Company's 100 per cent owned Andash Zone 1 gold and copper project as well as providing on-going working capital and support to continue the Company's exploration programme. With finance now in place, and following the announcement of the award of a mining licence and completion of the bankable feasibility study at the end of 2006, commercial production from Andash Zone 1 is expected during 2008.

As previously announced the Wardell Armstrong International (WAI) compiled bankable feasibility study increased the measured and indicated resource base by 12.5% to 19.2 million tonnes at 1.1 grams per tonne of gold and 0.4% copper
which equates to 1.1 million ounces of gold and gold equivalent. The feasibility study anticipates a mining rate of 2 million tonnes per annum with a pit life of 8.5 years and an average cash operating cost of $223 per ounce. Furthermore, the study confirmed the open-cast operation will combine low costs with high production rates resulting in a payback period of 3.5 years and an NPV of 36.9% based on WAI's conservative mineral price assumptions. Further details of the feasibility study are available at the Company's website (www.aurummining.net).

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. The Placing Shares will rank pari passu with the existing issued ordinary shares of 1p each in the share capital of the Company (the 'Ordinary Shares').

The Placing is conditional, inter alia, on the admission of the Placing Shares to AIM becoming effective ('Admission'), which is expected to occur on Wednesday, 28 February 2007, when dealings in the Placing Shares are expected to commence. Upon Admission, the Company's enlarged issued share capital will comprise 42,429,753 ordinary shares with voting rights. The Company does not hold any shares in treasury. This figure of 42,429,753 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

On 31 January 2005, a waiver was granted by the Panel on Takeovers and Mergers from the obligation of the Concert Party (as set out in the admission document sent to shareholders on 13 January 2005) to make an offer to all shareholders of the Company pursuant to Rule 9 of the City Code on Takeovers and Mergers. This waiver related to the potential allotment of up to 3,100,000 new ordinary shares pursuant to the acquisition of Kaldora Company Limited and options over a further 1,000,000 Ordinary Shares granted to members of that Concert Party as
set out in the admission document. As a result of the Placing, the percentage holding of the Concert Party upon Admission will be reduced to 6.8 per cent and the potential shareholdings of the Concert Party as a result of the issue of shares and exercise of options for which the waiver has been obtained would be up to 12.9 per cent.