TIDMBRR
RNS Number : 4059W
Braemore Resources PLC
28 July 2009
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Braemore Resources Plc
("Braemore" or "the Company")
Market update on the Leinster Nickel Tailings Project
Braemore Resources Plc ("Braemore" or "the Company"; AIM: BRR, JSE: BRE) is
pleased to update the market on progress with the Leinster Nickel Tailings
Project.
As previously advised to shareholders, BHP Billiton has been conducting a
technical and financial review on the scoping studies provided by Braemore in
February 2009. The review is ongoing following provision of additional data
requested by BHP Billiton during the period to date and is expected to be
completed during the third quarter of 2009.
Leon Coetzer, Braemore's CEO, commented, "The Leinster project is moving
steadily forward. We continue to be cautiously optimistic of the project's
merits, and have maintained our area of focus amid the recently announced
corporate activity."
Enquiries:
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| Braemore Resources Plc | |
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| Leon Coetzer, Chief Executive Officer | +27 (0)11 465 1913 |
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| WH Ireland: (Nomad and Joint Broker) | |
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| James Joyce | +44 207 220 1666 |
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| Mirabaud Securities: (Joint Broker) | |
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| Rory Scott | +44 207 878 3360 |
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| Qinisele Resources: (RSA Corporate | |
| Advisers) | |
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| Dennis Tucker | +27 82 492 4957 |
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| Russell and Associates: (RSA Public | |
| Relations) | |
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| Nicola Taylor/Charmane Russell | +27 11 880 3924 |
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| Walbrook PR: (UK Public Relations) | |
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| Leah Kramer | +44 207 933 8780 |
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| Sasfin: (RSA Corporate Sponsor) | |
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| Sharon Owens | +27 11 809 7762 |
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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
END
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