5 Sep 2008 07:00
RNS Number : 7770C
Tertiary Minerals PLC
05 September 2008
Tertiary Minerals plc
www.tertiaryminerals.com
TECHNICAL & ECONOMIC SCOPING STUDY COMMISSIONED FOR STORUMAN FLUORSPAR PROJECT, SWEDEN
Tertiary Minerals plc ("Tertiary" or "the Company") is pleased to announce that following the receipt of first round assay results from its initial drilling programme at Storuman in Sweden, and the start of metallurgical testwork, it has formally commissioned a scoping study to evaluate the technical and economic viability of the Storuman fluorspar deposit.
Scott Wilson Ltd, an international design and engineering consultancy with recent experience of fluorspar projects, has been appointed to lead and complete the major part of the study. It will be responsible for modelling the mineralisation, conceptual mine and process plant design, infrastructure, capital and operating costs estimation and financial modelling.
The scoping study will incorporate the results of metallurgical testwork now underway at SGS Lakefield in Canada. This testwork is being carried out according to a scope of work put together by the Company's metallurgical consultant who will also provide a conceptual mineral processing flowsheet on which the process plant design will be based.
URS Nordic AB, a wholly owned subsidiary of URS Corporation, will provide advice to Tertiary Minerals plc on the environmental and social permitting process for the Storuman mine development for inclusion in the Scoping Study.
The Scoping Study is scheduled to be completed in early 2009.
Further info:
Patrick Cheetham, Executive Chairman, Tertiary Minerals plc. Tel: +44(0)1625-626203
Ron Marshman/John Greenhalgh, Lothbury Financial. Tel: +44(0)20-7011 9411
Jonathan Wright, Seymour Pierce Limited. Tel: +44(0)20-7107-8000
This information is provided by RNS
The company news service from the London Stock Exchange
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Tertiary Minerals (TYM)