🕐07.07.11 - 23:54 Uhr
ALEXANDER MINING PLC:: TESTWORK FOR TIGER RESOURCES LIMITED TO INVESTIGATE POSSI BLE USE OF AMMLEACHR AND A PILOT PLANT AT THE KIPOI COPPER/COBALT PROJECT IN THE DEMOCRATIC REPUBLIC OF THE CONGO
Alexander Mining plc
Testwork for Tiger Resources Limited to Investigate Possible use of
AmmLeachR and a Pilot Plant at the Kipoi Copper/Cobalt Project in the
Democratic Republic of the Congo
Alexander Mining plc ("Alexander", the "Company"; listed: AXM-AIM and
AXD-TSXV), the mining and mineral processing technologies company, is
pleased to announce that it is undertaking AmmLeachR testwork for Tiger
Resources Limited ("Tiger"; listed: TGS-ASX/TSX) on ore from Tigers Kipoi
copper/cobalt project in the copperbelt of the Democratic Republic of the
Congo ("DRC").
In addition, Alexander is completing detailed pilot plant
design engineering for the project and expects to have preliminary designs
completed within two weeks.
Tiger began producing at its flagship Kipoi project in April 2011.
The
Stage 1 plan of the Kipoi project is for annual production of 35,000 tonnes
of copper.
The Kipoi Central high grade zone includes a cobalt mineral
resource estimate of 7,400t of contained cobalt, of which the Kipoi Central
Stage 1 Pit contains 590Kt ore at 0.75% cobalt for approximately 4,500t of
contained cobalt.
Tiger has indicated it would like a pilot cobalt plant to
be operational early in 2012.
Martin Rosser, CEO, said that: "Alexander is delighted to be working with
Tiger Resources to unlock the potential of its asset with a second pilot
plant opportunity for the Company in the DRC.
We continue to pursue other
exciting base metals opportunities and advanced discussions are underway in
Australia and Latin America."
For further information please contact:
Martin Rosser
Matt Sutcliffe
Chief Executive Officer
Executive Chairman
Mobile: + 44 (0) 7770 865 341
Mobile: +44 (0) 7887 930 758
Alexander Mining plc
1st Floor
35 Piccadilly
London
W1J 0DW
Tel: +44 (0) 20 7292 1300
Fax: +44 (0) 20 7292 1313
Email:
Website: www.alexandermining.com
Nominated Advisor and Joint Broker
Ambrian Partners Limited
Samantha Harrison / Jen Boorer
+44 (0) 20 7634 4700
Joint Broker
XCAP Securities plc
John Grant / Karen Kelly / David Newton
+44 (0) 20 7101 7070
Public/Media Relations
Britton Financial PR
Tim Blackstone
+44 (0) 20 7242 9786
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This news release may contain forward looking statements, being statements
which are not historical facts, including, without limitation, statements
regarding potential mineralization, exploration results, resource or reserve
estimates, anticipated production or results, sales, revenues, costs,
"best-efforts" financings or discussions of future plans and objectives.
There can be no assurance that such statements will prove accurate.
Such
statements are necessarily based upon a number of estimates and assumptions
that are subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated or
projected.
Important factors that could cause actual results to differ
materially from the Companys expectations are in Company documents filed
from time to time with the TSX Venture Exchange and provincial securities
regulators, most of which are available at www.sedar.com.
The Company
disclaims any intention or obligation to revise or update such statements
unless required by law.
This information is provided by RNS
The company news service from the London Stock Exchange
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