Alexander Mining plc-AmmLeach® Testwork To Investigate Pilot Plant For Tiger Resources
London UK Marketwire – Alexander Mining plc ("Alexander", the "Company"); listed: (AIM:AXM)(TSX VENTURE:AXD), the mining and mineral processing technologies company, is pleased to announce that it is undertaking AmmLeach® testwork for Tiger Resources Limited ("Tiger"); listed: (TSX:TGS)(ASX:TGS) on ore from Tiger's Kipoi copper/cobalt project in the copperbelt of the Democratic Republic of the Congo ("DRC"). In addition, Alexander is completing detailed pilot plant design engineering for the project and expects to have preliminary designs completed within two weeks.
Tiger began producing at its flagship Kipoi project in April 2011. The Stage 1 plan of the Kipoi project is for annual production of 35,000 tonnes of copper. The Kipoi Central high grade zone includes a cobalt mineral resource estimate of 7,400t of contained cobalt, of which the Kipoi Central Stage 1 Pit contains 590Kt ore at 0.75% cobalt for approximately 4,500t of contained cobalt. Tiger has indicated it would like a pilot cobalt plant to be operational early in 2012.
Martin Rosser, CEO, said that: "Alexander is delighted to be working with Tiger Resources to unlock the potential of its asset with a second pilot plant opportunity for the Company in the DRC. We continue to pursue other exciting base metals opportunities and advanced discussions are underway in Australia and Latin America."
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.
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SOURCE: Alexander Mining plc