Results of 2009 Annual General Meeting
23.07.2009
SUNKAR RESOURCES PLC ("Sunkar" or "the Company")
Results of Annual General Meeting 2009
23 July 2009 – 2009 Annual General Meeting results
Sunkar Resources plc (the “Company”) pleased to announce that all resolutions at the Annual General Meeting held on 23 July 2009 were duly passed.
Sunkar’s Chairman Mr. Teck Soon Kong reported the Company’s 2008 results to the shareholders. In 2008 the Company successfully went through an IPO on AIM and raised $67 million before expenses to progress its phosphate project. In November 2008 the Company purchased remaining 10% in Temir Service LLP which is now a fully owned subsidiary of the Company. As Chairman noted in 2008 Annual Report: “The groundwork for the Project has been firmly laid…”.
Full text of resolutions approved at the AGM held on July 23rd, 2009 is available in the notice of annual general meeting.
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 Tel: +44 20 7367 8888
Notes to Editors
Sunkar Resources is a UK listed company that aims to be an integrated phosphate fertiliser manufacturer. The Company operates through its fully owned subsidiary Temir-Service LLP, a limited liability partnership established under the laws of the Republic of Kazakhstan. On 14 December 2004, Temir Service LLP was announced as the winner of a tender to mine phosphates on the Chilisai deposit by the Ministry of Energy and Mineral Resources in Kazakhstan.
The Chilisai phosphate deposit in Kazakhstan is one of the largest known phosphate deposits in the Former Soviet Union with a resource of some 800 Mt of phosphate ore in the Company's license area. The ore lies in a shallow sedimentary layer which is expected to be extracted at low cost and the Competent Persons Report set out in the admission document indicates that the resources within the Licence Area are sufficient for a 56 year mine life, with a mining rate of 10 million tonnes of ore mined per year.
Further details about the Company can be found on the Company's website http://sunkarresources.com.
