BMR Mining PLC BMR's Kabwe treatment project (7344Z)

TIDMBMR

RNS Number : 7344Z

BMR Mining PLC

22 September 2015

BMR Mining PLC ("BMR")

BMR's Kabwe treatment project

BMR Mining PLC, the Zambian-focused mineral processing business, is pleased to report to shareholders the principal conclusion of a Peer Review of its Kabwe treatment project, first announced on 19 August 2015, and to provide a general update on the project.

BMR engaged the services of Tony Francis BSc Eng. Metallurgy, ARSM, FIMMM, CEng of Francis Minerals Consulting Limited to undertake a Peer Review of the Company's proposed processing methodology for producing lead and zinc from the Kabwe tailings. Mr. Francis visited BMR's Kabwe operation between 27 and 31 August 2015.

The Board is pleased to report that the Peer Review confirmed the suitability of BMR's acid/brine leach process for the recovery of these metals. BMR is currently finalising both its processing plans, which will be submitted to ZEMA in the near future, and its costings of the Pilot Plant. The start date for the Pilot Plant will be determined following the receipt of ZEMA approval.

BMR plans that the treatment rate for the Pilot Plant will be a minimum of 5 tonnes per hour. It intends that the Pilot Plant will be operated on a 24/7 basis, initially processing the Wash Plant Tailings.

The principal objective of the Pilot Plant will be to finalise the design parameters of the proposed Main Plant, which the Directors plan to come into operation in 2016, to enable it to process different combinations of tailings. Nevertheless, BMR's intention is to operate the Pilot Plant as a semi-production unit to simulate actual operating conditions, thereby enabling the Company to generate revenues from sales of the end product.

Alex Borrelli, Executive Chairman of BMR, commented: "We are delighted to report that the Peer Review has confirmed the suitability of our proposed methodology for the processing of the tailings, which will be applied initially to the Wash Plant Tailings once we secure ZEMA approval."

Contacts:

BMR Mining PLC 020 7734 6252

Alex Borrelli, CEO and Chairman

WH Ireland Limited 020 7220 1666

Chris Fielding, Head of Corporate Finance

Note: Tony Francis, Technical Competence

Tony Francis is a Chartered, graduate metallurgical engineer with more than thirty years of experience in the metallurgical processing industries. He is an Independent Consulting Metallurgical Engineer and director of Francis Minerals Consulting Ltd. Tony has wide experience of major capital project works from inception and design to construction and commissioning. He also has extensive experience in research investigations on laboratory, pilot plant and industrial scales.

He has undertaken due diligence studies for mining companies and financial institutions and is familiar with valuation and financial appraisal techniques.

Tony has worked at senior management level on the Zambian Copperbelt responsible for operating high tonnage ore processing plants.

Presently he is serving on the Council of the Institute of Materials, Minerals & Mining as Chairman of the Minerals Processing and Extractive Metallurgy Board.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 22, 2015 02:00 ET (06:00 GMT)