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27 Jul 2010 07:00
Noventa Limited
("Noventa" or the "Company")
Operations Update
27 July 2010
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%.
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."
For further information please contact:
Eric F. Kohn TD
Chairman
Noventa Limited
+41 22 8500560
+41 79 5030150
www.noventa.net
http://www.noventa.net/
Nick Harriss/Emily Staples
Religare Capital Markets (Nomad)
+44 20 7444 0800
Daniel Briggs Religare Capital Markets (Broker) +44 20 7444 0500
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