Hambledon Mining plc announced the results of its recent strategic review and details of its long-term mine development plan. Following an extensive underground diamond drilling program, totaling over 53,000 meters, management has increased its internal resource estimate from 1.8 Moz to approximately 6 Moz of gold with an average gold grade of 5.34 g/t, using a 3 g/t cut-off grade. It is expected that an independent CPR, scheduled for release in early 2014, will convert a significant portion of this internal resource estimate into a JORC compliant resource category. In total of 258 holes were drilled, comprising of: 53,804 meters of underground exploration drilling from the +250mrl. Over 28,000 meters of underground exploration drilling is in progress from the 0mrl level to 400mrl. The maximum depth of the zone tested was 870 meters and drilling was generally conducted at intervals of 20 to 40 meters.

For the year ending 31 December 2013 production is expected to be approximately 27,500 oz.