Alexander Mining Plc
TSX VENTURE : AXD
AIM : AXM

December 19, 2011 06:30 ET

Alexander Mining plc-Altona Mining to Investigate the use of AmmLeach® Technology for Copper Oxide Ore Zone at its Little Eva Deposit

LONDON, UNITED KINGDOM--(Marketwire - Dec. 19, 2011) - Alexander Mining plc (TSX VENTURE:AXD)(AIM:AXM)('Alexander' or the 'Company') -

Alexander is pleased to report that Altona Mining Limited ("Altona") has announced that it intends to investigate the use of AmmLeach® technology for the recovery of copper from the oxide ore zone at its Little Eva deposit in northwest Queensland, Australia. It is intended that Alexander's wholly owned subsidiary, MetaLeach Limited ('MetaLeach') will commence amenability testwork at its laboratory facility on representative mineralised material samples shortly.

About Altona Mining

Altona is a Perth, Australia based company which is listed on the Australian Securities Exchange and the Frankfurt Stock Exchange. The Company was formed in 2010 following the merger of ASX listed companies, Vulcan Resources and Universal Resources. The Company's two key assets are the Outokumpu Project in Finland and the Roseby Project in Queensland, Australia.

Roseby is one of the largest copper resources in Australia and has had a Definitive Feasibility Study completed in 2009. Permitting is nearing completion and Altona is optimising the study to target copper production up to 40,000 tonnes per annum.

Little Eva is one of the deposits that forms part of Altona's Roseby Project and is a typical IOCG (iron-oxide copper-gold) deposit. A significant 15-30m thick cap of oxide copper mineralisation (goethite, malachite, etc.) overlies the primary mineralisation (feldspar-quartz- hematite-carbonate-chalcopyrite). The primary mineralisation is a large and simple bulk tonnage copper-gold sulphide deposit which will be processed via an industry standard flotation plant to produce a copper-gold sulphide concentrate.

Forward Looking Statements

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Alexander Mining plc
    Martin Rosser
    Chief Executive Officer
    Mobile: + 44 (0) 7770 865 341

    Alexander Mining plc
    Matt Sutcliffe
    Executive Chairman
    Mobile: +44 (0) 7887 930 758

    Alexander Mining plc
    1st Floor, 35 Piccadilly,
    London, W1J 0DW
    +44 (0) 20 7292 1300
    +44 (0) 20 7292 1313 (FAX)
    mail@alexandermining.com
    www.alexandermining.com

    Nominated Advisor and Broker
    Ambrian Partners Limited
    Samantha Harrison / Jen Boorer
    +44 (0) 20 7634 4700

    Joint Broker
    XCAP Securities plc
    John Grant / Karen Kelly / Adrian Kirk
    +44 (0) 20 7101 7070

    Public/Media Relations
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    Tim Blackstone
    +44 (0) 20 7242 9786