SOURCE: Rambler Metals & Mining Plc

September 23, 2014 02:00 ET

Fourth High Grade Copper Concentrate Shipment Delivered in the Calendar Year

LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Sep 23, 2014) - Rambler Metals and Mining plc (TSX VENTURE: RAB) (AIM: RMM) ('Rambler' or the 'Company') today announces that it has delivered approximately 5,400 wet metric tonnes ('wmt') of copper and gold concentrate from Goodyear's Cove, NL Canada.

The Company's internal sampling estimates an average grade for the shipment of 27.8 per cent copper, 10.9 grammes per tonne gold and 83 grammes per tonne silver. This is the fourth shipment during the calendar year, the eight completed to date bringing the total concentrate delivered to approximately 52,200 wmt.

Following the shipment, the Company still has over 330 wmt of concentrate in storage at its Goodyear's Cove Facility.

Norman Williams, President and CEO, commented:
"Production continues as planned with the fourth shipment of concentrate delivered this calendar year bringing the total tonnes delivered to approximately 52,200 wmt since start-up in May 2012. Copper recoveries remain very stable allowing for continued focus on improving gold recovery which is evident in the slight increases in this shipment compared to the April and July deliveries."

Rambler is a mining and development Company that in 2012 brought its first mine into commercial production. The group has a 100 per cent 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.

The Company's Vision is to be Atlantic Canada's leading mine operator and resource developer through the expansion of the Ming Mine, discovering new deposits and through mergers and acquisitions. Rambler listed on the London AIM in 2005 and Toronto TSX-V in 2007.

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Contact Information

  • For further information, please contact:

    Norman Williams, CA
    President and CEO
    Rambler Metals & Mining Plc
    Tel No: 709-800-1929
    Fax No: 709-800-1921

    Peter Mercer
    Corporate Secretary
    Rambler Metals & Mining Plc
    Tel No: +44 (0) 20 8652-2700
    Fax No: +44 (0) 20 8652-2719

    Stewart Dickson / Jeremy Stephenson
    Cantor Fitzgerald Europe
    Tel No: +44 (0) 20 7894 7000

    Tim Blythe/ George Yeomans
    Tel No: +44 (0) 20 7138 3204