Braemore Strengthens ConRoast Technology Position

 

TIDMBRR 
 
RNS Number : 8541U 
Braemore Resources PLC 
01 July 2009 
 

 
 
 
Braemore Resources Plc 
("Braemore" or "the Company") 
Braemore strengthens ConRoast technology position 
 
 
Braemore Resources (AIM: BRR, JSE: BRE) is pleased to announce revisions to its 
ConRoast Technology Agreement with Mintek. 
The revised ConRoast agreement further strengthens the technology partnership 
formed between Mintek and Braemore which provides for the commercial 
exploitation of the ConRoast technology through the smelting and refining of 
platinum group metals ("PGMs"). 
The amended agreement comes at an important juncture in Braemore's growth with 
the development phase drawing to a conclusion and plans for the accelerated 
commercialisation of the ConRoast technology. 
Two key points within the amended agreement are as follows: 
  *  Braemore Platinum has consolidated its sole, exclusive right to use and 
  commercially exploit the ConRoast technology within the PGM industry on a global 
  basis. 
  *  An extension of the exclusivity period is available to Braemore for the life of 
  the ConRoast patents which expire in 2020 and can be nominated at Braemore' s 
  election by giving notice prior to reaching the end of the current exclusivity 
  period. 
 
 
 
Leon Coetzer, CEO of Braemore, commented, "This extension and continuing 
exclusivity reflects the considerable progress we have made and the results we 
have achieved to date in the development and application of the ConRoast 
technology. The revised agreement represents a strengthened foundation from 
which to accelerate the commercialisation of the technology through further 
partnerships or joint ventures with PGM producers." 
Enquiries: 
Braemore Resources Plc 
Leon Coetzer, Chief Executive Officer 
[phone] 
WH Ireland: (Nomad and Joint Broker) 
James Joyce 
                         [phone] 
Mirabaud Securities: (Joint Broker) 
Rory Scott 
                            [phone] 
Qinisele Resources: (RSA Corporate Advisers) 
Dennis Tucker 
                       [phone] 
Russell and Associates: (RSA Public Relations) 
Nicola Taylor/Charmane Russell 
    [phone] 
Walbrook PR: (UK Public Relations) 
Louise Goodeve/Leah Kramer 
     [phone] 
Sasfin: (RSA Corporate Sponsor) 
Sharon Owens 
                      [phone] 
 
 
Notes to Editors: 
Braemore Resources offers investors an attractive opportunity to enter into the 
PGMs and nickel business, initially through the mid-stream processing of these 
metals and, in time, through mine-to-market production opportunities. 
Braemore Resources is principally involved in evaluating, establishing and 
operating independent facilities for the roasting, smelting and refining of 
concentrates containing PGM and associated base metals and for the reclamation 
and processing of sulphide nickel tailings. Diversified both geographically and 
in terms of product, the company is located in two key mining regions - Braemore 
Nickel in Western Australia and Braemore Platinum in South Africa. Braemore's 
access to proprietary technology, and in particular the Mintek ConRoast 
technology, which has successfully operated at test plant level, makes the 
company well-positioned to become a significant player in the burgeoning South 
African PGMs sector, offering a more cost-effective, environmentally friendly 
and accessible smelting option to many junior mining companies. Unlike 
conventional smelters, ConRoast is unaffected by the high-chrome content ores, 
which are increasingly being mined. 
Braemore's management team, in South Africa and Australia, bring with them 
impressive credentials in their respective sectors, combined with a Board that 
has experience in metals processing, financial and commodities markets. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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