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27 Jul 2010 07:00
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Noventa Limited
("Noventa" or the "Company")
Operations Update
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27 July 2010
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Noventa is pleased to announce that since it recommenced operations at its Marropino Mine in April 2010, recovery has increased steadily to the point that - since the end of June 2010, it has been achieving a consistent 51% tantalum recovery rate from the operations of its existing plant, a significant increase over historic levels. Prior to May 2009, when the plant was placed in care and maintenance, Noventa achieved recovery rates between 30% and 35%.
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Eric Kohn TD Chairman stated "This result with the existing plant bodes well for the future, when the plant has been modified and the capacity increased."
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For further information please contact:
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Eric F. Kohn TD
Chairman
Noventa Limited
+41 22 8500560
+41 79 5030150
www.noventa.net
http://www.noventa.net/
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Nick Harriss/Emily Staples
Religare Capital Markets (Nomad)
+44 20 7444 0800
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Daniel Briggs Religare Capital Markets (Broker) +44 20 7444 0500
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