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23 Apr 2010 16:28
NOVENTA LIMITED
("Noventa" or the "Company")
[AIM: NVTA]
Marropino Production Recommences
23 April 2010
Noventa is pleased to announce that tantalum concentrate production has resumed at its Marropino mine in Mozambique today.
The production profile at Marropino will follow the previously announced three-stage process of re-processing the mine tailings; processing of previously mined oversize material, which historically the plant has been unable to use, to prove the process and adjust for maximum recovery; and finally processing of new material from the main ore body ("Run of Mine").
The first two stages of production will be at modest levels to ensure operational effectiveness before production from higher grade Run of Mine material commences in the fourth quarter of this year.
With production at Marropino now recommenced, the Company continues to develop its 3 year plan and is working towards its TSX dual listing.
Delio Darsamo, the Engineering Manager, person with overall responsibility for the Company's Marropino mine and a director of Noventa's subsidiary HAMC, said:
"It has been a challenging few months, but ultimately rewarding to achieve our first goal of restoring production at Marropino and I look forward to progressing the mine successfully."
Commenting, Eric Kohn TD, Chairman of Noventa said:
"The new team at Marropino, led by Delio Darsamo, have proven their credibility by exceeding the Board's expectations and have laid solid foundations on which Noventa can continue to move forwards."
For further information please contact:
Eric F. Kohn TD
Chairman
Noventa Limited
+41 22 8500560
+41 79 5030150
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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