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Last checked at 
16 Sep 2014 09:30
Ortac Resources Ltd
("Ortac" or "Company")
UPDATE ON ŠTUREC PROJECT
The Board of Ortac Resources Limited, the AIM listed exploration and mine development company, notes that from local media reports, on Friday 12 September 2014, the Slovak Parliament approved an amendment to the Slovak Mining Law banning the use of cyanide leaching technology in gold processing.
As part of the Company's technical work programme, tests using alternate methods of processing have already been part of Ortac's ongoing development research. At present, 20 tonnes of material mined from the Šturec Deposit, under the recently awarded mining permit have been sent for pilot scale tests utilising a potential alternative gold recovery process that the Board believes will be economic.
Ortac remains committed to the Šturec Project and will continue to work with the community and the Slovak state, for the benefit of all stakeholders. The Board will continue to update shareholders accordingly.
Ortac Resources Ltd Vassilios Carellas (CEO) | +44 (0) 20 7389 9050 |
Cantor Fitzgerald Europe (Nominated Adviser & Broker) Stewart Dickson / Carrie Lun / Jeremy Stephenson |
+44 (0) 20 7894 7000 |
SP Angel (Broker) Ewan Leggat |
+44 (0) 20 3463 2260 |
Loeb Aron & Co. (Broker) John Beresford-Peirse / Anthony Kluk
Yellow Jersey PR Limited (Media Relations) Dominic Barretto / Kelsey Traynor |
+44 (0) 20 7628 1128
+44 (0)7768 537 739 |
Note to Editors
The Šturec Deposit is based in Slovakia and has a JORC Code compliant ore reserve of 1.32 million ounces of gold equivalent, with over 1 Moz in the Measured and Indicated categories. For additional information please visit - www.ortacresources.com
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