ORE Orogen

    RNS Number : 0613X
  Aricom PLC
  19 June 2008
   



 Press Release      19 June 2008

    Aricom plc 
    ("Aricom", "the Company", or "the Group")
    Aricom achieves first revenue from Kuranakh project


    Aricom plc (LSE:ORE, OREW), the Anglo-Russian developer of mineral resources, announces that it has completed the first sales from its
Kuranakh deposit in the Amur Region, in Russia's Far East.  The shipment represents a milestone in the progress of the Group from developer
to producer.

    The shipped product is an iron ore concentrate that was mined and processed from the Kuranakh deposit from the Group's new facilities at
Olekma. This is an initial sale and is being delivered by rail.  Aricom commenced mining operations at Kuranakh in October 2007. The
Kuranakh crushing and screening plant, the first stage of ore beneficiation, is currently in a pre-commissioning phase and is expected to
reach target throughput during the third quarter of 2008.

    Jay Hambro, Chief Executive of Aricom, commented:
    "Yesterday I was very pleased to witness the first shipment of ore from our Kuranakh project leave the railway loading facilities.  With
our first revenue from iron ore sales, Aricom has taken another major step from developer to producer.
    Although Aricom still faces a number of key challenges in fully commissioning the plants, achieving a revenue stream is a critical stage
in the evolution of the Group."

    For further information: 
 Aricom plc
 Charlie Gordon, Investor Relations Officer  Tel: +44 (0) 20 7201 8939
                                                     www.aricom.plc.uk
 Abchurch
 Charlie Jack/ George Parker                 Tel: +44 (0) 20 7398 7700
                                               www.abchurch-group.com 


This information is provided by RNS
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