Business
Final Results for the Year Ended 31 December 2013
Final Results for the Year Ended 31 December 2013.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8450J Connemara Mining Company plc 18 June 2014 \n \n\n18th June 2014\n \n\n\n\n \nConnemara Mining Company\n(\"Connemara\" or \"the Company\")\n \nFinal Results for the Year Ended 31 December 2013\n \nConnemara Mining Company today announces its results for the year ending 31 December 2013. \n \nEnds\n \n \n \nEnquiries:\n \n \n\n\n\n\nConnemara Mining Company Plc\n\n\n\n\n\n\n\nJohn Teeling, Chairman\n\n\n+353 1 833 2833\n\n\n\n\nJim Finn, Director\n\n\n\n\n\n\n\nWesthouse Securities Limited\n\n\n\n\n\n\n\nRichard Baty\n\n\n+44 (0) 20 7601 6100\n\n\n\n\nHugo Rubinstein\n\n\n\n\n\n\n\nBlytheweigh\n\n\n+44 (0) 20 7138 3204\n\n\n\n\nTim Blythe\n\n\n+44 (0) 7816 924 626\n\n\n\n\nHalimah Hussain \n\n\n+44 (0) 7725 978 141\n\n\n\n\nCamilla Horsfall\n\n\n+44 (0) 7817 841 793 \n\n\n\n\n\n \nPembroke Communications\n \n\n\n\n\n\n\n\nNatalie Tennyson \n\n\n+353 1 649 6486\n\n\n\n\nAlan Tyrrell\n\n\n+353 1 649 6486\n\n\n\n\n \nwww.connemaramining.com\n\n\n\nStatement Accompanying the Final Results\n \n \nConnemara is an Irish based zinc and gold explorer with good ground, good prospects and good partners. The value of the Company languishes on the Stock Exchange and in the board's opinion the market capitalisation of £1.5 million does not reflect the embedded value in the exploration assets, the potential of future discoveries or the fact that almost all of our exploration projects are funded by our partners. These are hard times for explorers with no investor interest, but we remain confident that the cycle will turn.\n \nIreland is a very prospective location, particularly for zinc. For many years the big Navan zinc mine was the largest in the world. Today, almost 40 years after opening, it supplies more than 25% of Europe's zinc demand. The Lisheen zinc mine in Tipperary is the twelfth largest zinc producer in the world. In recent years there have been a number of zinc discoveries, notably the Glencore discovery at Pallasgreen in Limerick which reported a 42 million ton deposit at a combined 8% zinc/lead. On the adjacent ground Connemara/Teck have the Stonepark discovery spread over three zones. First discovered in 2007 the early promise has not been fulfilled though Teck continue...