Alexander Mining plc
TSX VENTURE : AXD
AIM : AXM

April 11, 2012 06:30 ET

Alexander Mining plc-Favourable AmmLeach® Amenability Testwork Results for Altona Mining Limited

LONDON, UNITED KINGDOM--(Marketwire - April 11, 2012) - Alexander Mining plc ('Alexander' or the 'Company') (TSX VENTURE:AXD)(AIM:AXM)

Good Progress with Testwork for Altona Mining

Alexander is pleased to report favourable AmmLeach® amenability testwork results for the recovery of copper from samples provided by Altona Mining Limited ("Altona") from its Blackard deposit, forming part of the Roseby Project in northwest Queensland, Australia.

On 19 December last year, it was announced that Alexander would conduct AmmLeach® amenability testwork for the recovery of copper from the oxide ore zone at Altona's Little Eva deposit, also part of the Roseby Project. Subsequently, the scope of this work was expanded to include representative samples from the nearby Blackard deposit. To date, four samples have been selected by Altona to be tested from different mineralisation zones at Blackard (3) and Little Eva (1).

The Blackard deposit currently has a resource of 46.3Mt at 0.63% copper (291,000t contained copper), of which a significant portion (approximately 60%) is in what is called the native copper mineralisation zone, which is below the oxide ore zone. AmmLeach® results for the various mineralisation zones showed that the material from this zone was the most amenable, with highly encouraging copper recoveries into solution of more than 80%.

Alexander and Altona are now discussing the recommended next stage of testwork for this zone. Further announcements will be made in due course.

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
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    +44 (0) 20 7634 4700

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    Karen Kelly / Adrian Kirk / David Lawman
    +44 (0) 20 7101 7070

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