SOURCE: Rambler Metals & Mining Plc

February 02, 2016 02:00 ET

Rambler Metals & Mining PLC: 12th Shipment of High Grade Copper Concentrate

BAIE VERTE, NL--(Marketwired - Feb 2, 2016) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM)

02 February 2016

Rambler Completes its 12th Shipment of
High Grade Copper Concentrate

London, England & Baie Verte, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) ('Rambler' or the 'Company') today announces that it has delivered approximately 8,000 wet metric tonnes ('wmt') of copper and gold concentrate from its facility in Goodyear's Cove, NL, Canada. 

The Company's internal sampling estimates an average grade for the shipment of 26 per cent copper, 14 grammes per tonne gold and 107 grammes per tonne silver. By concentrate standards this is a high quality product with little in the way of deleterious materials. 

This is the twelfth shipment completed to date since declaring commercial production, bringing the total concentrate delivered to approximately 78,000 wmt.

Following the shipment, the Company had approximately 700 wmt of concentrate in storage at its Goodyear's Cove Facility.

ABOUT RAMBLER METALS AND MINING

Rambler is a mining and development company that in November 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 growth and expansion of its existing assets; discovering new deposits; strategic partnerships; mergers and acquisitions. In addition to the Ming Mine, Rambler has a 100 per cent ownership of the former producing Little Deer/ Whales Back copper mine and a strategic investment in the former producing Hammerdown gold mine

Rambler is dual listed in London under AIM:RMM and in Canada under TSX-V:RAB.

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