ANNOUNCEMENT
4
September 2007
Gippsland Limited (“Gippsland” or the “Company”)
Gippsland expands share trading to UK PLUS Markets
Gippsland
Limited (ASX & AIM: "GIP") is pleased to announce its shares have
commenced trading today on the United Kingdom Plus Markets, trading under the
symbol "GIP".
Plus
Markets is an independent London-based equity market service, provided by Plus
Markets Group PLC, which was recently approved as a Recognised Investment
Exchange.�
Plus
Markets is based on a quote-driven trading system and currently trades more
than 1,000 small and mid-cap company shares, representing a combined market
capitalisation of approximately UK �200 billion (A$490 billion).
Gippsland
Executive Chairman Jack Telford said "Trading
on Plus Markets benefits all Gippsland shareholders by enhancing investor
choice, improving liquidity and providing greater access to investors".
"Gippsland's projects and markets are well understood by European
investors, and our admission to Plus Markets provides another avenue for these
investors to share in the Company's development" Mr
Telford said.
Gippsland
ordinary shares will continue to be quoted and traded on the Australian Stock
Exchange and the London Stock Exchange AIM.
RJ (Jack) Telford
Executive Chairman
Gippsland
Limited
www.gippslandltd.com
Photo: High resolution photo of Gippsland
Executive Chairman Jack Telford available on Purple Communications website: http://www.purplecom.com.au/gallery.asp
For
further information please contact:
|
Jack
Telford
|
Gippsland
Limited
|
T: +61
(0)8 9340 6000
|
|
Luke Cairns
|
Hoodless
Brennan Plc
|
T: +44
(0)20 7538 1166
|
|
Les
Polden
|
Hoodless
Brennan Plc
|
T: +44
(0)20 7538 1166
|
|
Jane
Stacey
|
Conduit
PR
|
T: +44
(0)20 7429 6605
|
|
Ed
Portman
|
Conduit
PR
|
T: +44
(0)20 7429 6607
|
|
Fiona
Owen
|
Grant Thornton Corporate
Finance
|
T: +44
(0)20 7383 5100
|
|
Warrick
Hazeldine
|
Purple
Communications
|
T: +61
(0)8 9485 1254
M: +61
(0)417 944 616
|
About Gippsland Limited
Gippsland
Limited is an Australian-based international resource company. �It is listed on
the Australian Stock Exchange (ASX) and the London Stock Exchange's Alternative
Investment Market (AIM). ��
The Company's
prime assets are tantalum-tin projects in the Central Eastern Desert of Egypt
adjacent to the western shore of the Red Sea.�
These include the 40 million tonne Abu Dabbab and the 98 million tonne Nuweibi
projects.� The Company has completed a feasibility study of the Abu Dabbab
project based upon a mill-feed rate of 2Mtpa and production exceeding 650,000
pounds of tantalum pentoxide (Ta2O5) per annum which will rank the Company as
the world's second largest producer.� Gippsland is presently finalising
off-take and project finance facilities.
Tantalum
Approximately60% of global tantalum production is used in the manufacture of electronic
capacitors for electronic circuits in cellular phones, laptop computers, video
cameras, digital still cameras, Playstation, medical appliances such as hearing
aids, pacemakers, GPS, ABS systems in automobiles, also in airbag protection
systems, ignition and motor control modules,.
Tantalum
is a refractory metal that is resistant to chemical attack, with a high melting
point, ductility and malleability. �Because of the metal’s resistance to
corrosion it is used in the fabrication of chemical plant and equipment. �Its
high melting point and low thermal coefficient of expansion make it a crucial
component of jet engine turbine blades.� As tantalum carbide, one of the
hardest substances known to man, it is also used for cutting tools.
The global
tantalum (as Ta2O5) market is estimated to be in the order of 4.7 – 5.1
million pounds (approx. 2,200 tonnes) per annum for the years 2005 - 2006.�
Industry commentators suggest that the market is growing at a rate of about 7%
per annum with current spot market prices approaching US$50 per pound of Ta2O5.
For
further information visit: �www.gippslandltd.com
�
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