Fortbridge Media ReleaseRMG Limited [ASX:RMG] - AGM Presentation and Company UpdateHighlights:
Tuina project is in Chile, mining friendly and worlds largest copper producer
Located 50km from major mining infrastructure and services
Located 20km from water pipeline
Low development cost
Recent drilling has demonstrated wide zones of copper-silver mineralisation
Copper mineralisation is higher grade chalcocite, bornite, chalcopyrite
Previous processing shows simple flow-sheet, high recovery, high grade concentrate
RMG Limited (ASX:RMG) is pleased to announce that it is ready to drill the first target at San Jos to Indicated Resources with only 2,500m drilling. The company is also prepared to assess and complete a plan to be mining copper oxide ore in 2014, and to drill to develop significant copper sulphide resources.
RMG is also ready to complete a Pre-Feasibility Study on copper sulphide development by the end of 2014. It is set to start a development plan for RMG to be a mid-tier copper producer within three years.
The company aims to rapidly develop mine plan and feasibility study for Higher Grade Copper sulphide operation and production. Rapid Development of a central flotation plan for mining and processing of the sulphide ore will capture all copper sulphide ore in the district.
Please click on the link below to view the full presentation:
For further inquiries please contact:
Robert Kirtlan
Executive Chairman
or
Peter Rolley
Executive Director and Chief Geologist
+61 (8) 9381 1177