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AXD Alexander Mining

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Share Name Share Symbol Market Type
Alexander Mining TSXV:AXD TSX Venture Common Stock
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  0.00 0.00% 0 -

Alexander Mining plc-Patent Granted in Democratic Republic of the Congo for Method for Ammoniacal Leaching

05/03/2012 10:30am

Marketwired Canada


Alexander Mining plc (TSX VENTURE:AXD)(AIM:AXM) ('Alexander' or the 'Company') -

Alexander is pleased to report that it has received notification from the
Ministry of Industry of the Democratic Republic of the Congo ("DRC") that its
MetaLeach Limited ("MetaLeach") subsidiary has been granted a Patent for a
Method of Ammoniacal Leaching, patent number 2010/3993. The patent has a
standard term of twenty years from the effective date of 11 July 2008 (being the
date of original filing). 


The patent is based on the counterpart South African patent, which was granted
in 2010 and claims improved methods for ammoniacal leaching. The DRC patent is
directed to improved methods for leaching one or more target metals from an ore,
utilising an ammoniacal media. The method(s) comprises the steps of: curing the
ore to be leached through the application of an aqueous solution of a curing
agent, producing a cured ore; leaching the cured ore at atmospheric pressure
through the application of an ammonium carbonate solution containing free
ammonia, producing a pregnant leach solution; and passing the pregnant leach
solution to a means for metals recovery.


Martin Rosser, Chief Executive Officer, said: "The grant of a patent in the DRC
for a Method for Ammoniacal Leaching is excellent news given the major
opportunity for the commercial use of our AmmLeach(R) technology in the country
to process copper and cobalt oxide deposits. The new patent is core to our
portfolio of patents and patent applications designed to protect the Company's
development of unique intellectual property and inventions." 


Forward Looking Statements 

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 Company's
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.


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