Hambledon on track

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Date: Monday 07 Jul 2008

LONDON (ShareCast) - Aim listed mining and exploration firm Hambledon Mining said it remains on course to become cash generative in the second half of the year.

The Kazakhstan focused firm said although, "June was affected by a lower than normal grade of ore being treated, production at Sekisovskoye is continuing to make steady progress towards reaching design capacity."

In Monday's operations update it said towards the end of the month, higher grade material was being treated and the full process circuit was in operation, giving much higher production levels.

CEO, Nick Bridgen commented, "We continue to progress towards optimising production at Sekisovskoye and, even with the obstacles experienced in the earlier part of the year, we expect to achieve the annualised production rate shortly."

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