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8 Jul 2014 07:00
8 July 2014
Alexander Mining plc
('Alexander' or the 'Company')
Working with Phoenix Global Mining on Zinc Oxide Processing Options in Turkey
· Phoenix Global Mining ('PGM') has confirmed its interest in investigating the use of AmmLeach® for highly prospective zinc oxide properties in Turkey.
· PGM has an earn-in Agreement with B&S Yatirim A.Ş., a Turkish industrial group, to develop their base metals exploration and mining licences.
· PGM, through the earn-in Agreement, has a portfolio of sixteen licences over five properties in Turkey.
· Currently focusing on the development of Elazığ Aricak, a high grade zinc deposit in central Turkey.
In a new initiative, private company Phoenix Global Mining Limited has agreed that it wishes to work with Alexander to investigate the potential amenability of mineralised material from highly prospective zinc oxide properties in Turkey to treatment using AmmLeach® processing technology.
The intention is to investigate producing zinc cathode or high value intermediate zinc product at the mine site or as part of Alexander's separate project for the establishment of a centrally located commercial plant taking feed from a combination of suitably attractive zinc oxide properties and third party sources.
Martin Rosser, CEO, said: "The opportunity with Phoenix Global Mining is a welcome development as it adds to the growing number of highly prospective and high grade zinc oxide opportunities that we have already identified for the potential use of our AmmLeach® process in central Turkey."
About Phoenix Global Mining Limited
Phoenix Global Mining (www.pgmining.com) is a private company with management experience in the development, construction and commissioning of mines. It is committed to finding and developing mining projects in Europe, with a focus on base metals in Europe and Turkey.
For further information please contact:
Martin Rosser Matt Sutcliffe
Chief Executive Officer Executive Chairman
Mobile: + 44 (0) 7770 865 341 Mobile: +44 (0) 7887 930 758
Alexander Mining plc
1st Floor
35 Piccadilly
London
W1J 0DW
Tel: +44 (0) 20 7292 1300
Fax: +44 (0) 20 7292 1313
Email: mail@alexandermining.com
Website: www.alexandermining.com
Nominated Adviser and Broker Northland Capital Partners Limited Louis Castro / Lauren Kettle +44 (0) 20 7382 1100 |
Public/Media Relations
Britton Financial PR
Tim Blackstone
+44 (0) 20 7242 9786
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