PAR.L Regulatory News (PAR)

11 Dec 2007 13:48

Noventa Limited11 December 2007 NOVENTA LIMITED (AIM: NVTA) TRADING UPDATE The Board of Noventa provides the following update to its operations: The operational enhancements and re-commissioning of the Marropino plant tookplace during October and the Directors believe that targeted capacity will beachieved, as forecast, in the first quarter of 2008. The final beneficiationplant is complete and operating in line with expectations. The impact of aslight delay in the arrival of equipment has been compensated for and the mineanticipates delivering to the port this year the 100,000 pounds of tantalumconcentrate forecast. Our first consignment of product was shipped in Octoberwhile delivery of the remaining material will be impacted by the arrival ofsuitable carriers at the port of loading. An exclusive joint venture agreement was concluded in November with our partnersin respect of all Morganite extracted at Marropino for the life of the mine.This joint venture provides the Company with the marketing and distributionexpertise of the leading producer of coloured gemstone jewellery in the world. For further information please contact: Clinton WoodNoventa Limited+27(0)82 880 3392/+27 (0)11 823 1400 www.noventa.net Jane Stacey/Arabella HobbsConduit PR+44 (0)207 429 6606/ +44(0) 792 292 3306 This information is provided by RNS The company news service from the London Stock Exchange