Technology & Operations Update

 

TIDMBRR 
 
RNS Number : 7188T 
Braemore Resources PLC 
11 June 2009 
 

11 June 2009 
Braemore Resources Plc 
 
 
("Braemore" or "the Company") 
 
 
Technology & Operations Update 
 
 
As stated in the Operations Update released on 19 May 2009 Braemore Resources 
Plc (AIM: BRR, JSE: BRE) has commenced with the restructuring of its 3.2MW 
demonstration smelting facility at Mintek to further reduce operating costs of 
the demonstration smelter. 
 
 
In addition, the Company is in discussions regarding funding to construct and 
commission the hydrometallurgical refining process, designed to significantly 
uplift the value of the PGM product. This is achieved by separating the PGM's 
from the base metals such as Nickel, Copper, Cobalt and Iron, and therein 
producing a high value PGM concentrate for direct processing at PGM refineries. 
 
 
The furnace has successfully demonstrated the technology offering to the 
Platinum industry and has allowed Braemore to progress with the development of 
the hydrometallurgical refining process. The refining process is key to ensuring 
the commercial viability of the demonstration facility within the current market 
environment of a strong South African rand and suppressed metal prices. 
 
 
The 3.2MW demonstration furnace operation will remain temporarily halted during 
this period while we restructure the operation and focus on the construction of 
the refinery process. The reduced furnace throughput during this period is 
expected to be offset by the Company's ability to provide an extended process 
offering by both smelting and refining of Platinum Group Metal (PGM) 
concentrates. 
 
 
Leon Coetzer, Chief Executive Officer, commented, "Having demonstrated the 
success of the furnace technology, our focus now turns to the installation of 
the hydrometallurgical refining plant. This broadened capability will enable 
Braemore to deliver a complete process offering to the PGM sector and is a key 
part of the commercialisation of the Company's proven technology." 
 
 
Enquiries: 
 
 
+----------------------------------------------+-------------------------+ 
| Braemore Resources Plc                       |                         | 
+----------------------------------------------+-------------------------+ 
| Leon Coetzer, Chief Executive Officer        | [phone]         | 
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|                                              |                         | 
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| WH Ireland: (Nomad and Joint Broker)         |                         | 
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| James Joyce                                  | [phone]        | 
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|                                              |                         | 
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| Mirabaud Securities: (Joint Broker)          |                         | 
+----------------------------------------------+-------------------------+ 
| Rory Scott                                   | [phone]        | 
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|                                              |                         | 
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| Qinisele Resources: (RSA Corporate Advisers) |                         | 
|                                              |                         | 
+----------------------------------------------+-------------------------+ 
| Dennis Tucker                                | [phone]         | 
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|                                              |                         | 
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| Russell and Associates: (RSA Public          |                         | 
| Relations)                                   |                         | 
+----------------------------------------------+-------------------------+ 
| Nicola Taylor/Charmane Russell               | [phone]         | 
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|                                              |                         | 
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| Walbrook PR: (UK Public Relations)           |                         | 
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| Louise Goodeve/Leah Kramer                   | [phone]        | 
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|                                              |                         | 
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| 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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