Last checked at 8 Jul 2014 10:10
08 July 2014 |
Bushveld Minerals Ltd
("Bushveld" or the "Company")
Operational Update - Revised Projects Timetable
Bushveld Minerals Limited (AIM: BMN), a mineral development company with a portfolio of vanadium and titanium bearing iron ore and tin assets in Southern Africa, announces that it has revised the communications timetable for its project platforms. The below adjustments support several developments across these platforms. The Company advises that it remains on track to meet its projects objectives, albeit according to the revised timelines indicated below:
Platform | Project | Milestone | Target date (Calendar year) |
Bushveld Resources Limited - Iron Ore, Vanadium, Titanium, Phosphate | Bushveld PQ Iron Ore Project | Pre-Feasibility Study | 2015 |
P-Q Zone Phosphate Scoping Study | Q4 2014 | ||
P-Q Zone Phosphate Pre-feasibility study | 2015 | ||
CREC Joint Pyro-metallurgy test work | H2 2014 | ||
Bushveld Vanadium Project | MML Project Scoping Study | Q3 2014 | |
MML Project Pre-Feasibility Study | 2015 | ||
Greenhills Resources Limited - Tin | Mokopane Tin Project | Scoping Study | Q3 2014 |
Zaaiplaats Tailings Project | Completion of technical due diligence | August 2014* | |
Marble Hall Tin Project | Section 102 license to extend license area | H2 2014* | |
Maiden JORC Resource Statement | 2015 | ||
Scoping Study | 2015 |
* Timing subject to further regulatory processes.
Fortune Mojapelo, CEO of Bushveld Minerals, said: "A key priority of Bushveld, since its admission to AIM in March 2012, has been to maintain regular updates to the market, given the dynamic nature of its activities as a mineral development company with a broad portfolio of interests. In support of transparent disclosure to all stakeholders, we provide these new target dates for communicating key upcoming developments across our project platforms, based on operational progress during the last six months. While there are delays expected, they result from factors beyond the control of the Company, or the need to incorporate recent developments in the project, such as the potential acquisition of the Zaaiplaats tailings project. As a management team, we remain confident in the fundamentals of each of our projects and our approach to their development. We look forward to updating the market accordingly."
Enquiries: info@bushveldminerals.com
Bushveld Minerals Fortune Mojapelo | +27 (0) 11 268 6555 |
Strand Hanson Andrew Emmott | +44 (0) 20 7409 3494 |
Fox Davies Jonathan Evans | +44 (0) 20 3463 5000 |
RFC Ambrian Jonathan Williams | +44 (0) 20 3440 6800 |
Tavistock Communications Jos Simson/ Nuala Gallagher | +44 (0) 20 7920 3150 |
Tielle Communications Stéphanie Leclercq | +27 (0) 83 307 7587 |
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Notes to the editor
Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore and tin assets in Southern Africa. The Company owns the Bushveld Iron Ore Project, Bushveld Vanadium Project and Mokopane Tin Project, all located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling 52.22% interest in Lemur Resources (ASX: LMR), that owns the Imaloto coal project in Madagascar.
Bushveld was admitted to the AIM Market of the London Stock Exchange in March 2012.