Operational Update - Revised Projects Timetable

RNS Number : 7124L
Bushveld Minerals Limited
08 July 2014
 



08 July 2014


 

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Operational Update - Revised Projects Timetable

Bushveld Minerals Limited (AIM: BMN), a mineral development company with a portfolio of vanadium and titanium bearing iron ore and tin assets in Southern Africa, announces that it has revised the communications timetable for its project platforms. The below adjustments support several developments across these platforms. The Company advises that it remains on track to meet its projects objectives, albeit according to the revised timelines indicated below:

 

Platform

Project

Milestone

Target date (Calendar year)

Bushveld Resources Limited - Iron Ore, Vanadium, Titanium, Phosphate

Bushveld PQ Iron Ore Project

Pre-Feasibility Study

2015

P-Q Zone Phosphate Scoping Study

Q4 2014

P-Q Zone Phosphate Pre-feasibility study

2015

CREC Joint Pyro-metallurgy test work

H2 2014

Bushveld Vanadium Project

MML Project Scoping Study

Q3 2014

MML Project Pre-Feasibility Study

2015

Greenhills Resources Limited  - Tin

Mokopane Tin Project

Scoping Study

Q3 2014

Zaaiplaats Tailings Project

Completion of technical due diligence

August 2014*

Marble Hall Tin Project

Section 102 license to extend license area

H2 2014*

Maiden JORC Resource Statement

2015

Scoping Study

2015

* Timing subject to further regulatory processes.

 

Fortune Mojapelo, CEO of Bushveld Minerals, said: "A key priority of Bushveld, since its admission to AIM in March 2012, has been to maintain regular updates to the market, given the dynamic nature of its activities as a mineral development company with a broad portfolio of interests. In support of transparent disclosure to all stakeholders, we provide these new target dates for communicating key upcoming developments across our project platforms, based on operational progress during the last six months. While there are delays expected, they result from factors beyond the control of the Company, or the need to incorporate recent developments in the project, such as the potential acquisition of the Zaaiplaats tailings project. As a management team, we remain confident in the fundamentals of each of our projects and our approach to their development. We look forward to updating the market accordingly."

 

Enquiries: info@bushveldminerals.com

 

Bushveld Minerals

Fortune Mojapelo

+27 (0) 11 268 6555

Strand Hanson

Andrew Emmott

+44 (0) 20 7409 3494

Fox Davies

Jonathan Evans

+44 (0) 20 3463 5000

RFC Ambrian

Jonathan Williams

+44 (0) 20 3440 6800

Tavistock Communications

Jos Simson/ Nuala Gallagher

+44 (0) 20 7920 3150

Tielle Communications

Stéphanie Leclercq

+27 (0) 83 307 7587



- ENDS -

 

Notes to the editor

Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore and tin assets in Southern Africa. The Company owns the Bushveld Iron Ore Project, Bushveld Vanadium Project and Mokopane Tin Project, all located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling 52.22% interest in Lemur Resources (ASX: LMR), that owns the Imaloto coal project in Madagascar.

Bushveld was admitted to the AIM Market of the London Stock Exchange in March 2012.

 


This information is provided by RNS
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