Rambler Metals & Mining PLC Rambler Provides Update Statement on Covid-19 (9797M)

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RNS Number : 9797M

Rambler Metals & Mining PLC

27 September 2021

27 September 2021

Rambler Provides Update Statement on Covid-19

London, England - Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a copper and gold producer, explorer, and developer, advises today of an evolving situation on the Baie Verte Peninsula in relation to the Coronavirus ("COVID-19") pandemic.

Further to the Company's news release dated 22 September 2021, the health authority reported on 24 September 2021 (at 5.30pm BST) that there are a total of 109 active cases in the Province with 70 confirmed cases in the Baie Verte region, and 18 presumptive cases pending official results. From Wednesday's update there are 39 new cases reported in the Baie Verte region.

In conjunction with the province's increase to Alert Level 3 (rated between 1 to 5, with 5 being the highest), and to ensure the health and safety of our employees, on Tuesday, 21 September 2021 the Company implemented Covid rapid testing for all employees who come to work. To date, approximately 250 tests have been administered by the Company with less than 1% being referred to Public Health for follow-up.

The Company currently employees 280 people, including all contractors and direct employees. As of the date of this release the Company has been advised that approximately 7% of the workforce are required to isolate for fourteen days. The requirements for mandatory isolation by Public Health include but are not limited to: direct contact with someone with a positive result; a person who has not been vaccinated; a person with a compromised immune system; a positive PCR COVID test result. If suspected cases are identified during the in-house screening process, they will immediately be referred to Public Health for further testing. To further assist Public Health, Rambler intends to repeat the in-house screening program weekly for all personnel until new active cases in the region begin to decline.

According to Public Health, the vaccination rates in the local region at 67% are lower than the provincial and national averages. Rambler strongly urges all of its employees and contractors to follow all public health guidelines including receiving the recommended vaccines to combat this pandemic. The Company policy is under continual review to ensure that the health and safety of all employees is protected.

To date, the impact to the operation has been confined to minor production and development delays due to the non-availability of workers on certain shifts. Further impacts are expected for the next few weeks during the mandatory isolation period but are not expected to be long term.

Rambler will adhere to all guidance and directives issued by the health authority. We are deemed to be an essential service by the province and will implement any and all measures to protect the health and well-being of our workforce.

We shall make further announcements as appropriate.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

ABOUT RAMBLER METALS AND MINING

Rambler is a mining and development Company that in November 2012 brought its first mine into commercial production. The group has a 100% ownership in the Ming Copper-Gold Mine, a fully operational base and precious metals processing facility and year-round bulk storage and shipping facility; all located on the Baie Verte peninsula, Newfoundland and Labrador, Canada.

Rambler's focus is to regain its production profile at 1,350 metric tonnes per day at 2% copper in the course of 2021 and evaluate expansion opportunities from that base.

Along with the Ming Mine, Rambler also owns 100% of the former producing Little Deer and Whales Back copper mines.

Rambler is listed in London under AIM:RMM.

For further information, please contact:

 
  Toby Bradbury                    Eason Chen                  T im Sanford. P. Eng. 
   President and CEO                CFO                         Vice President and 
   Rambler Metals & Mining          Rambler Metals & Mining     Corporate Secretary 
   Plc                              Plc                         Rambler Metals & Mining 
   Tel No: [phone]     Tel No: +44 (0) 20          Plc 
   Fax No: [phone]     7096 0662                   Tel No: +1 (709) 532 
                                    Fax No: +44 (0) 20          5736 
                                    8609 0313                   Fax No: +1 (709) 8 
                                                                00 1 921 
 Nominated Advisor (NOMAD) 
  Ewan Leggat, Caroline 
   Rowe 
   SP Angel Corporate Finance 
   LLP 
   Tel No: [phone] 
   0470 
 
   Website:   www.ramblermines.com 

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September 27, 2021 02:00 ET (06:00 GMT)