16 Oct 2019 17:04
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16 October 2019
Operational Update - Operations Restarted
London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company"), is pleased to provide the following operational update further to the recent announcement on 30 September 2019:
·; The raise boring of the Minto East vent raise was completed on 1 October 2019
·; Milling operations commenced on 10 October 2019. The mill will operate on a 2-weeks-on, 2-weeks-off schedule until sufficient development has been achieved underground to enable a higher monthly processing capacity
·; First concentrate of copper was produced on 11 October 2019
·; First underground blast (6,000t at 4.5% Cu) occurred in the Minto East mining area on 13 October 2019. A further 32,279t of ore at 2.7% Cu is planned to be blasted over the next 7 days
·; Operations at Minto have been lost time injury free since 3 June 2019
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board said: "I am incredibly proud of the team at Minto who have worked tirelessly in getting Minto back into production. This is the first step in ramping up Minto to its full capacity, generating value for the employees of Minto Explorations Ltd, the Selkirk First Nation, Pembridge shareholders and the Yukon. The Pembridge team are committed to operating safely, efficiently, with consideration for the environment and cost effectively with the long term aim of extending the life of the mine and realising the full potential that the Minto has."
The person who arranged for the release of this announcement on behalf of the Company was Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board.
ENDS
For further information contact:
Pembridge Resources plc: +44 (0)20 7917 2968
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board
Paul Fenby, Chief Financial Officer
Thomas Horton, Vice President Corporate Development
Brandon Hill Capital - United Kingdom: +44 (0)20 3463 5016
Jonathan Evans
SI Capital - United Kingdom: +44 (0)14 8341 3500
Nick Emerson
Tavistock Communications - United Kingdom: +44 (0)20 7920 3150
Charles Vivian
Gareth Tredway