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INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2006 PDF Print E-mail
Friday, 22 December 2006
Image  FOR RELEASE 7.00AM 22 DECEMBER 2006

SIRIUS EXPLORATION PLC

(“Sirius Exploration” or “the Company”)

Sirius Exploration acquires and explores mineral properties

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2006


RESULTS

  • £263,082 capital raised
  • £146,033 loss (2005: £145,862 restated)
  • FRS 20 restatement £19,869 for warrants at time of August 2005 listing
  • £452,007 shareholder’s funds (2005: £481,956 restated)



HIGHLIGHTS

  • Principal activity remains at the two exploration projects at Kadiica and Osogovo in Macedonia
  • Phelps Dodge has agreed to give Sirius Exploration 100% of the Osogovo and Kadiica projects subject to their agreed 1% NSR
  • Sirius Exploration - Balkan set up to accept the Osogovo and Kadiica claims
  • Good copper-silver target at Osogovo
  • Possibility of a small copper mine and gold potential at Kadiica
  • New Kalin Kamen claim registered and awaiting Macedonian government confirmation



STRATEGY

  • Continue successful policy of joint ventures and agreements with major mining companies
  • Use the board’s corporate finance skills to look for potential acquisitions
  • Actively seeking new opportunities
  • Principal interest in base metals but willing to look at other company-enhancing opportunities
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