Result of AGM

RNS Number : 7044H

Tri-Star Resources PLC

02 June 2011

 



TRI-STAR RESOURCES PLC

("Tri-Star Resources" or the "Company")

Result of AGM

Tri-Star Resources (AIM: TSTR) announces that all resolutions put to shareholders at the Company's Annual General Meeting held yesterday, were duly passed.

The Company confirmed that, as announced on 26 April 2011, it expects to commence the extended drilling programme at the Company's mine site in the Goynuk area of Kütahya, Turkey (the "Drilling Programme") by the end of this month. The Drilling Programme will comprise both in-fill drilling of known areas of mineralisation and further exploration of the Company's prospecting area that surrounds the mine.  The Company anticipates that the results of the Drilling Programme will be known by the time the Company publishes its interim results (to 30 June 2011), due for release by 30 September 2011. 

In addition, the Company has progressed its preliminary engineering of production facilities. The engineering programme comprises several phased increments of production, from small-scale early production of antimony sulphide concentrates to the building of a full-scale concentrator and roasting plant for the production of antimony oxides. The Company intends, subject to the availability of sufficient working capital, to implement such production phases at the point in time at which the directors of the Company (the "Board") considers it to be commercially viable and when necessary permitting processes are complete. The Board intend that the Company will be in a position to commence commercial production of antimony oxides by the end of 2012.  Further updates will be made in due course.

Adrian Collins, Chairman of the Board, said: "I am very pleased with the progress that Tri-Star Resources has made since its inception last year and we continue to look for opportunities to grow our resource and reserve base and minimise the time until we are in commercial production."

Enquiries:

Tri-Star Resources Plc                                         Michael Hirschfield	Tel: [phone]
Strand Hanson Limited (Nomad) James Harris / Paul Cocker / Liam Buswell	Tel: [phone]

 

END

 

 

RAGUAVVRAWANRAR