SOURCE: Atalaya Mining PLC

May 04, 2016 02:00 ET

Atalaya Mining PLC: Update on plant re-start and commissioning

NICOSIA, CYPRUS--(Marketwired - May 4, 2016) - Atalaya Mining PLC (AIM: ATYM) (TSX: AYM)

AIM: ATYM; TSX: AYM
04 May 2016
Atalaya Mining plc
("Atalaya" or the "Company")

Update on plant re-start and commissioning of the Expansion Project

Atalaya Mining plc (AIM: ATYM, TSX: AYM), the European mining and development company, is pleased to report that the temporary tailings disposal suspension (as announced on 22 April 2016) has now been lifted.

The experts appointed by the Junta de Andalucía, (the "Junta") have carried out a final review of the documentation and a physical inspection of the tailings facilities and are satisfied for the Company to continue to use the tailings facilities with immediate effect.

The Company is also pleased to announce that commissioning of the Expansion Project began yesterday with the turning of the new mills. The construction crews dedicated to the Expansion Project have been working diligently during the past weeks to finalise the integration of the Phase I plant with the new expanded plant, targeting production of 9.5Mtpa.

The Company believes that the earlier start-up of the new, expanded plant will offset any lost production resulting from the temporary suspension.

Enquiries:

Atalaya Mining plc Roger Davey
Alberto Lavandeira
+34 959 59 28 50
Canaccord Genuity (NOMAD and Broker) Henry Fitzgerald-O'Connor Martin Davison +44 20 7523 8000
Brandon Hill Capital (Broker) Oliver Stansfield +44 20 3463 5061
4C Communications (Investor Relations Europe) Carina Corbett +44 20 3170 7973
Roth Investor Relations (Investor Relations North America) Michelle Roth +1 732 792 2200
Walbrook PR (Media Relations) Nick Rome +44 20 7933 8783

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