8 Jan 2014 07:00
08 January 2014
Ormonde Mining plc
("Ormonde" or "the Company")
Barruecopardo Permitting Update
The Board of Ormonde is very pleased to provide an update on progress in connection with permitting of its flagship Barruecopardo Tungsten Project in Salamanca, Spain ("Barruecopardo" or "the Project").
Saloro SLU ("Saloro"), the Company's wholly-owned subsidiary which is developing Barruecopardo, has now received formal written notification from the Regional Environmental Department in Castilla y Leon of a positive outcome in the "Report on the Nature Network" ("IRNA") which is necessary to allow for the granting of the Environmental Impact Declaration ("EID") for the Project. This EID is the most important document in the environmental permitting of the Project without which the Mining (Exploitation) Concession cannot be granted by the Director General for Energy and Mines.
The IRNA approval notification states that the Barruecopardo project, as proposed and presented by Saloro in its submissions, will not adversely affect the integrity of the areas of wildlife and flora/fauna habitat in proximity to the proposed mining operation in so far as Saloro complies, inter alia, with the conditions presented in its Environmental Impact Study and Restoration Plan.
Kerr Anderson, Ormonde's Managing Director, commented:
"In our proposals for the re-development of mining operations at Barruecopardo, we have from the outset been very conscious of mitigating as far as possible any impacts the project may have on the local wildlife and plant habitat.
"We are extremely pleased to receive formal notification from the regional authorities of the positive findings in the Report on the Nature Network. This is a significant step forward for the project and one which now paves the way for the granting of the all-important Environmental Impact Declaration."
Kerr Anderson PhD EurGeolPGeo, Managing Director of Ormonde, and a qualified person as defined in the Note for Mining, Oil and Gas Companies, June 2009, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement.
Enquiries to:
Ormonde Mining plc
Kerr Anderson, Managing Director Tel: +353 (0)1 8253570
Bankside Consultants
Simon Rothschild Tel: +44 (0)20 7367 8888 Mob: +44 (0)7703 167065
Murray Consultants
Ed Micheau Tel: +353 (0)1 4980300 Mob: +353 (0)86 803 7155
Davy (Nomad / ESM Adviser)
Eugenée Mulhern / Roland French Tel: +353 (0)1 6796363
A glossary explaining technical terms contained in this announcement can be found at www.ormondemining.com/en/investors/technical_glossary.
For more information please visit www.ormondemining.com or follow Ormonde on Twitter https://twitter.com/ormondemining or Linkedin http://www.linkedin.com/company/ormonde-mining-plc
ENDS
About Ormonde
Ormonde Mining Plc is admitted to trading on the AIM market in London and the ESM market in Dublin. Ormonde is a mineral development and exploration company focused on Spain (Ticker: ORM).
Ormonde's key activities include:
Barruecopardo Tungsten- Ormonde is developing a low cost mining operation at Barruecopardo to become a major, secure European supply of tungsten.
Gold Exploration in several highly prospective areas of western Spain which includes its joint venture agreement with Aurum Mining plc (AIM: AUR), where Ormonde currently has a 40% interest in the Pino de Oro project in the Zamora Province and a 46% interest in the Peralonso and Cabeza projects in Salamanca Province of western Spain. Ormonde is Manager of the Joint Venture.
La Zarza Copper - polymetallic massive sulphide deposit in the prolific Iberian Pyrite Belt of southern Spain.