SRX.L Regulatory News (SRX)

6 Oct 2006 07:00

Titanium Resources Group Ltd05 October 2006 Titanium Resources Group ("TRG" or "the Company") Notice of Holding 6 October, 2006: Titanium Resources Group was notified on 4 October 2006 thatfollowing recent share sales Mackenzie Financial Corporation, as InvestmentManager, holds 16,825,200 shares of Titanium Resources Group Ltd. on behalf ofits clients. This represents a total interest in the common share capital ofthe Company of approximately 8.1%. Ends For further information TRGAudrey Richardson, Corporate SecretaryTel: +352-222-51233 This press release has been issued by TRG and is the sole responsibility of thecompany. This press release does not contain or constitute an offer orinvitation to purchase or subscribe for any securities of TRG and should not berelied on in connection with any decision to purchase or subscribe for any suchsecurities. The securities referred to herein have not been and will not be registered underthe U.S. Securities Act of 1933 and may not be offered or sold in the UnitedStates absent registration under the Securities Act or an available exemptionfrom it. Notes to Editors Titanium Resources Group Titanium Resources is the holding company of a group of companies that areengaged in the mining, marketing and exploration of mineral resources. The Groupowns two mining operations in the Republic of Sierra Leone - the Sierra RutileProject and the SML Bauxite Project. The Sierra Rutile Project employs conventional dredging and processing methodsto produce mineral sands in the southwest of Sierra Leone, where its productionpreviously represented approximately 30 per cent of the world's annual supply ofnatural rutile. Natural rutile is a high titanium-bearing feedstock employed inthe manufacture of titanium dioxide (TiO2) pigments that are used in paint,plastics, paper and pharmaceuticals and the production of titanium metal andwelding rods. In close proximity to the Sierra Rutile mine is the SML BauxiteProject. Bauxite from the SML bauxite mine is premium grade metallurgicalbauxite which is the primary feedstock used in the production of aluminium. Bothprojects employ proven mining and processing techniques and rutile and bauxitefrom this region are recognised for their high quality. The bauxite operations The SML mining lease covers approximately 580 square kilometres in the southwestof Sierra Leone, 150 km southeast of the capital Freetown. SML is situated on ahigh-grade ore body and employs proven, conventional mining and processingtechniques. In January 2005, SML was granted mining lease ML1/05 for a period of ten yearswith the option to renew for a further ten years. Independent analysis of SML'sexisting bauxite reserves at Gbonge, Gondama, Jenega, Konta and Wunde areestimated at 12.4 million tonnes (as estimated by Mine Development Associatesand included within the August 2005 Admission Document) which should supportproduction for approximately ten years at normal operating levels. It isenvisaged that further exploration work will be undertaken to discoveradditional resources in the Gbonge Hills and the Gondama sector which lie withinthe mining lease area. The bauxite from Gondama/Gbonge is highly-prized gibbsitic bauxite which may beused as feed for low temperature and high temperature digestion as well as feedfor sweetening digestion. This versatility creates significant marketingflexibility. This information is provided by RNS The company news service from the London Stock Exchange