Interim Results for first six months of 2009 published

   17.09.2009

Sunkar Resources plc (AIM:SKR) is pleased to announce its results for the six months ended 30 June 2009.

Highlights:

• 634,000 tonnes of ore mined to 30 June 2009, indicating the Company will achieve its target of one million tonnes during 2009

• Phosphate rock analysis and pilot plant testing has been progressed and results of this are expected to be announced shortly

• Loss for the period was US$7,156,000 (30 June 2008 US$1,170,000), reflecting the increasing scale of the Company's operations

• Cash position at 30 June 2009: US$ 26,157,000


Teck Soon Kong, Chairman, commented:

"Sunkar has continued to deliver on the mining programme mapped out in the Company's IPO Admission document, on time and on budget.

For the period under review we have mined 634,000 tonnes of ore, giving us great confidence our 2009 target of one million tonnes will be achieved. I would like to thank the project team at Chilisai for their professionalism and commitment in establishing mining during the winter months when conditions were harsh and achieving better than expected mining rates this year.

For the test programme, samples of beneficiated rock have been sent to three independent technical contractors for analysis and pilot plant phosphoric acid production. The results of these tests are expected to be announced shortly. These results are of great importance to the Company and are expected to confirm the processing route and the suitability for Di-Ammonium Phosphate (DAP) and Mono-Ammonium Phosphate (MAP) manufacture of Chilisai rock."


For further information please contact:

Sunkar Resources
Serikjan Utegen, CEO Tel: +44 20 3178 5785
Donald Sinclair, CFO Tel: +44 20 3178 5785

Canaccord Adams Limited
Mike Jones Tel: +44 20 7050 6500
Bhavesh Patel

GMP Securities Europe LLP
Jeremy Wrathall Tel: +44 20 7647 2800
James Cassley

Bankside Consultants
Simon Rothschild Tel: +44 20 7367 8888
Louise Mason


Editors Notes

Sunkar Resources plc

Sunkar Resources plc commenced mining following its IPO in June 2008. Sunkar's wholly owned subsidiary in Kazakhstan holds the Subsoil Use Contract to the Chilisai Phosphate Rock Deposit in NW Kazakhstan. The contract area is estimated to contain 800 Mt of phosphate ore.

Sunkar's strategy is to build a world class integrated ammoniated phosphate fertiliser plant with low operating costs. Sunkar's low cost base derives from its near surface phosphate rock deposit, access to cheap sulphur from the nearby Tengiz oil field and regional long-term marginal priced gas.

The Chilisai Phosphate Rock Deposit is ideally located on a transportation hub that spans the agricultural markets from Western Europe through to China.