News Archive

13 November 2006

Preliminary Results Wednesday 6 December 2006

ATH Resources plc, one of the UK’s largest coal producers, advises that it will be announcing its Preliminary Results for the year ended 2 October 2006 on Wednesday, 6 December 2006.

An analyst briefing given by David Port (Non-Executive Chairman), Tom Allchurch (Chief Executive) and Steven Beaumont (Finance Director), will be held at 09.30 am on Wednesday, 6 December 2006 at Abchurch Communications Ltd, 5th Floor, 100 Cannon Street, London, EC4N 6EU.

For further information:
ATH Resources
Tom Allchurch, Chief Executive	Tel: +44 (0) 1302 760 462
tom.allchurch@ath.co.uk
Media enquiries:
Abchurch
Sarah Hollins / Georgina Bonham	Tel: +44 (0) 113 203 1341
sarah.hollins@abchurch-group.com	www.abchurch-group.com

Notes to Editors:

ATH Resources is an AIM-listed operator of opencast coal mines in the UK with its current four operational mines, Skares Road, Grievehill Glenmuckloch and Laigh Glenmuir, located near New Cumnock, East Ayrshire in Scotland. The Group is currently the third largest producer of coal in the UK producing approximately 1.7 million tonnes per annum. Coal was used to generate 34 per cent of the UK’s electricity in 2005 and the Company holds coal supply contracts with three of the UK’s main electricity generating companies.

The management team has been in place since 1998. It acquired the rights to operate (and subsequently acquire) the Skares Road mine with support from The Alchemy Plan and Bank of Scotland. Following ATH Resources’ incorporation in October 2003, and backed by a follow on investment from The Alchemy Plan, the Company acquired the Garleffan mine in November 2003.

In June 2005 the Group acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland for £18 million using the £16.8 million raised by way of an Open Offer on the basis of one New Ordinary Share for every three Existing Ordinary Shares. The acquisition increased the Group’s reserve base by 160% and provided longer term stability to the business.

In addition to its operating mines, the Group is also developing a number of other coal mining projects in Scotland and two through its French subsidiary, SRMMC including a series of six existing coal concessions in south-central France, covering an area of 36km, two with an estimated resource of approximately 4.5 million tonnes of recoverable coal.

In May 2006 the Group acquired Doncaster-based A Ogden & Sons Limited a successful coal recovery, land remediation and regeneration business with a particular focus on colliery spoil heap reclamation projects. ATH paid net £9.5 million for the business. The acquisition, which was earnings enhancing, allowed ATH to build on its skills as a regenerator of land, whilst developing strong relationships with key English planning authorities.

ATH Resources listed on the AIM market of the London Stock Exchange in June 2004 under the symbol ATH.L.

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