Hunter Resources PLC Trading Update (9274H)

TIDMHUN

RNS Number : 9274H

Hunter Resources PLC

19 March 2015

Hunter Resources plc

("Hunter" or the "Company")

(AIM: HUN)

Company Update

The Board of Directors of Hunter (the "Board") provides the following update on progress in the Company's position since the previous announcement on 4 February 2015. We are continuing to progress the obtaining of the required community and regulatory approvals to pursue exploration at Pampamali. The Company has engaged experienced consultants to assist in getting these approvals and this does take time.

The Company continues to conserve its working capital and has over 50% of the net proceeds from the last financing (as detailed in the announcements of 3 and 4 July 2014) still available to it.

The Board expect to shortly complete the revised agreement with the owner of Pampamali as announced on 22 December 2014, which will allow the Company to gain a 51% interest in the Pampamali project sooner and at a lower cost than described in the Company's AIM Admission Document and announcement of 6 June 2014.

The Board are also continuing to investigate new opportunities in South America and we will continue to update the market as and when required.

For further information, please contact:

 
Hunter Resources PLC       Allenby Capital Limited 
 Simon Hunt                 (Nominated Adviser and Broker) 
 (Chairman)                 Nick Harriss/Nick Naylor 
 +44 7733 337 755 
 www.hunter-resources.com   +44 20 3328 5656 
 
                            www.allenbycapital.com 
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This information is provided by RNS

The company news service from the London Stock Exchange

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