If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBushveld Minerals Regulatory News (BMN)

Share Price Information for Bushveld Minerals (BMN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.55
Bid: 0.50
Ask: 0.60
Change: 0.00 (0.00%)
Spread: 0.10 (20.00%)
Open: 0.55
High: 0.55
Low: 0.525
Prev. Close: 0.55
BMN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Operations Update - Iron Ore Project

19 Mar 2013 07:00

RNS Number : 2920A
Bushveld Minerals Limited
19 March 2013
 



19 March 2013

For Immediate Release

 

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Operations Update - Bushveld Iron Ore Project

 

Bushveld Minerals Limited (AIM: BMN), a mineral development company focused on iron and tin projects in southern Africa, is pleased to provide an operations update on their iron ore project in Limpopo Province, South Africa.

Approval by the Department of Mineral Resource (DMR) of the Section 102 application to add the farms Schoonoord 786 LR and Bellevue 808 LR to the licence area of 95PR has been approved, adding significant strike extensions to the P-Q Zone orebody.

Highlights:

·; Addition of the farms Schoonoord 786 LR and Bellevue 808 LR to the licence area of 95PR

·; Addition of Phosphate Rock (resource) to the list of minerals included within the prospecting right (phosphate mineralisation is known to overlie the P-Q Zone)

·; An additional 3.5 km of strike length of P-Q Zone mineralisation identified on Bellevue and Schoonoord, giving a 64% increase in the strike length of mineralisation

·; P-Q Zone identified in the historical BV-1 borehole drilled on the farm Bellevue 808 LR

 

CEO of Bushveld Minerals, Fortune Mojapelo said: "The inclusion of the farms Schoonoord and Bellevue will potentially extend the iron ore resource beyond our 1 billion tonne target. More importantly, it allows us to extend our resources along strike, thus maintaining the open-cast mining proposition of this deposit. Furthermore, given the stratigraphic resource model which identified a high grade zone grading of about 40% Fe, 14.5% TiO2 any additional strike enhances the scope for this project of a selective high-grade mining without compromising the scale potential of the project. The inclusion of phosphate in the license means that we can now develop the phosphate potential of the project in earnest, which we believe will significantly enhance the economics of the whole project."

 

 

Approval of Section 102 application on Prospecting Rights 95PR

Bushveld Minerals has recently received a letter of approval from the DMR confirming ministerial consent in terms of Section 102 of the Mineral and Petroleum Resources Development Act, 2002 for Pamish Investments 39 (PTY) Ltd to add the farms Schoonoord 786 LR and Bellevue 808 LR as well as the mineral Phosphate Rock and to prospecting right 95PR, which originally included the farms Vliegekraal 783 LR, Vogelstruisfontein 765 LR and Vriesland 781 LR. Pamish Investments 39 is 64% held by Bushveld Minerals Limited though their South African subsidiary Bushveld Resources Limited.

Aeromagnetic and soil geochemical data shows the southward continuity of the P-Q Zone magnetite layers for an additional 3.5 km along strike from the southernmost boreholes drilled on the farm Vliegekraal 783 LR. This strike extension is confirmed by logging and sampling of the historical borehole BV-1 drilled on the farm Bellevue 808 LR. The P-Q Zone intersected in the BV-1 borehole shows similar grades and thicknesses to previous boreholes drilled by the Company into the P-Q Zone.

The phosphate horizon identified in the project area, as reported in previous announcements, is geologically distinct and identifiable from the iron ore mineralisation and could potentially be exploited as a distinct phosphate ore body.

 

 

Enquiries: info@bushveldminerals.com

Bushveld Minerals

Fortune Mojapelo

+27 (0) 11 268 6555

Fox Davies

Jonathan Evans

+44 (0) 20 3463 5000

Tavistock Communications

Jos Simson/ Jessica Fontaine

+44 (0) 20 7920 3150

Tielle Communications

Stéphanie Leclercq

+27 (0) 83 307 7587

 

This information is provided by RNS

The company news service from the London Stock Exchange

- ENDS -

 

 

Notes to the editor

Bushveld Minerals Limited is a mineral development company focused on the Bushveld Iron Ore Project and the Mokopane Tin Project, both located on the northern limb of the Bushveld Complex, South Africa.

 

The Company was admitted to the Alternative Investment Market of the LSE in March 2012.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLDDGDXUUBBGXI
Date   Source Headline
7th May 20247:00 amRNSProposed conditional disposal of Vanchem
23rd Apr 20247:01 amRNSQ1 2024 Operational & Corporate Update
23rd Apr 20247:00 amRNSMineral Resources and Reserves Annual Update
14th Mar 20249:32 amRNSFurther Update on Outstanding Funds
14th Mar 20247:00 amRNSTR-1 Notification of Major Holdings
7th Mar 20243:00 pmRNSTR-1 Notification of Major Holdings
29th Feb 20245:30 pmRNSFurther Update on Outstanding Funds
16th Feb 20247:08 amRNSFurther update on Outstanding Funds
5th Feb 20247:08 amRNSFull year 2023 Operational Update
2nd Feb 20242:30 pmRNSForm 8.3 of the Takeover Code
1st Feb 20247:00 amRNSCompletion of Convertible Loan Note Refinancing
29th Jan 20244:25 pmRNSResignation of Finance Director
19th Jan 20244:32 pmRNSFurther Update on Outstanding Funds
15th Jan 20245:25 pmRNSTR-1 Notification of Major Holdings
15th Jan 20245:23 pmRNSTR-1 Notification of Major Holdings
15th Jan 202411:12 amRNSFurther update on Outstanding Funds
10th Jan 202412:55 pmRNSUpdate on Outstanding Funds
3rd Jan 20242:30 pmRNSUpdate following Equity Issue
27th Dec 20232:30 pmRNSResult of General Meeting
21st Dec 20237:00 amRNSReminder to vote at the General Meeting
19th Dec 202311:24 amRNSConfirmed Acquisition of Interests in Vametco
19th Dec 20237:32 amRNSConfirmed Acquisition of Interests in Vametco
15th Dec 20237:52 amRNSDefinitive sales and marketing agreement with SPR
15th Dec 20237:51 amRNSDefinitive agreement for 64% Mokopane Sale
14th Dec 202311:07 amRNSOption Agreement with Portillion
13th Dec 20237:00 amRNSCorporate Update
12th Dec 20237:00 amRNSResults of PrimaryBid Offer
6th Dec 202312:00 pmRNSInvestor Presentation
5th Dec 20231:00 pmRNSPrimaryBid Offer
5th Dec 202312:51 pmRNSResult of Bookbuild
29th Nov 20233:35 pmRNSProposed Fundraising
27th Nov 20237:00 amRNSAgreement on Convertible Loan Note Refinancing
20th Nov 202310:20 amRNSBushveld Energy Update
20th Nov 20237:15 amRNSAgreement for acquisition of interest in Vanchem
16th Nov 20235:32 pmRNSResignation of Finance Director
6th Nov 20237:00 amRNSQ3 2023 and 9M 2023 Operational Update
30th Oct 20237:00 amRNSConditional acquisition of interests in Vametco
18th Oct 20237:00 amRNSHolding(s) in Company
10th Oct 20237:00 amRNSResponse to Market Speculation
26th Sep 20237:00 amRNSInterim Results for Six Months ended 30 June 2023
20th Sep 20234:45 pmRNSHolding(s) in Company
11th Sep 20237:00 amRNSInvestment by Southern Point Resources
1st Sep 20233:58 pmRNSTR-1: Standard Notification of Major Holdings
21st Aug 20236:00 pmRNSTR-1: Standard Notification of Major Holdings
9th Aug 20231:00 pmRNSMustang Energy Update: Conversion Notice
3rd Aug 20234:39 pmRNSHolding(s) in Company
2nd Aug 20232:29 pmRNSResult of AGM
2nd Aug 20237:00 amRNSQ2 and H1 2023 Operational Update
28th Jul 20237:00 amRNSEnerox Update
14th Jul 20233:58 pmRNSConvertible Loan Note Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.