Rambler Completes Scoping Study and Moves Ahead...
FOR: RAMBLER METALS & MINING PLC
TSX VENTURE SYMBOL: RAB
AIM SYMBOL: RMM
June 2, 2008
Rambler Completes Scoping Study and Moves Ahead to Pre-Feasibility
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - June 2, 2008) - Rambler
Metals and Mining plc ('Rambler') (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce that the Board has
resolved to progress its Ming copper-gold project located on the Baie Verte Peninsula of Newfoundland,
Canada to the pre-feasibility stage following the receipt of a high level scoping study from SRK
Consulting ("SRK") in conjunction with SNC Lavalin ("SNC") and Thibault Associates.
The study considered a 4,000 tonnes per day underground mine producing a copper concentrate with gold
and silver credits, with a mine life of 12 years.
Recoveries used in the study were based on metallurgical test work undertaken by SGS Lakefield under
the supervision of Thibault Associates. Ore processing for the Footwall Zones using standard grinding
and floatation techniques is estimated to achieve a 98.6% copper recovery with a concentrate grade of
28.2%. The test work on the massive sulphides produced lower recoveries, and a number of
recommendations have been made to optimise the processing circuit, as well as incorporating a gold
recovery circuit.
The scoping study was based on a resource that is not compliant with National Instrument 43-101 ("NI-
43-101"). As such the scoping study is considered conceptual in nature and, under NI 43-101, cannot be
released to the public as a document. Details of Rambler's NI 43-101 compliant resource statement were
published on 30th April 2008.
George Ogilvie, P.Eng, President and CEO, commented:
"We are delighted to be moving the project to the pre-feasibility stage. The scoping study has
confirmed our belief that the resource we have delineated at the Ming project over the last three
years is of sufficient size and grade to move ahead.
We instructed SRK to examine the feasibility of a 4,000 tonnes per day operation as it was important
for us to know that the bulk tonnage, low grade Footwall Zones at the Ming Mine are capable of
sustaining a profitable long-life mining operation.
We will now commence a pre-feasibility study to determine the optimal mine-plan. This is most likely
to be a two-phase operation; beginning with a lower rate of production from the massive sulphides and
then moving on to the higher tonnage, lower grade Footwall Zones."
Ming Mine Proceeding to Pre-Feasibility
The pre-feasibility study will be based around a mine-plan initially mining the massive sulphide ore
at a lower production rate, ramping up to the full production rate of up to potentially 4,000 tonnes
per day after several years. The Board is confident that this approach will reduce both the initial
capital requirement and the time to first production, while increasing early cash flows and operating
margins.
There has been a wealth of drill data produced from the underground programme at the Ming mine since
the cut-off date for the current NI 43-101 resource and Rambler intends to publish an updated resource
statement later this year. This new resource will form the basis of the pre-feasibility study.
The exploration potential of the Ming Mine remains one of the project's greatest assets. All the ore
zones are open at depth and to the West, and in the case of the Ming Massive Sulphide along strike as
well. Once the mine is substantially dewatered Rambler plans to drive new exploration development
along strike of the Ming Massive Sulphide Horizon to hopefully identify new drill targets. Equipment
for this development has already been ordered and is expected to arrive by the end of June.
Rambler has already initiated the base line environmental study that will be required to re-permit the
Ming Mine, a "brownfield site". Environmental permitting of the mine is expected during 2009, with the
objective of re-commissioning the mine in 2010.
About the Company
Rambler Metals and Mining plc ("Rambler") was established to invest in the base metal sector in
politically stable jurisdictions. Its principal project is the Rambler copper-gold property, located
on the Baie Verte Peninsula of Newfoundland and Labrador, Canada. Rambler acquired the property from
Altius Minerals Corporation in exchange for ordinary shares during 2005.
The Rambler property contains the former producing Ming and Ming West copper-gold mines. The Ming Mine
last operated in 1982 and the Ming West Mine in 1996. Mining of the Ming Mine ceased when workings
reached a neighbouring property boundary. Rambler Metals and Mining acquired the property after it had
been successfully consolidated.
For more information and a complete listing of all RMM drill intersections, corresponding maps,
figures and NI 43-101 compliance information please visit our website at www.ramblermines.com.
Larry Pilgrim, P.Geo. is the Qualified Person responsible for the technical content of this release
and has reviewed and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by
Rambler Metals and Mining plc.
All tonnes are dry metric tonnes.
National Instrument 43-101 compliance information regarding sampling and analytical protocols
pertaining to the Rambler Project can be accessed via the following link: http://www.ramblermines.com.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Rambler Metals and Mining Canada Limited
George Ogilvie, P.Eng.
President and CEO
(709) 532-4990
OR
Rambler Metals & Mining Plc
Leslie Little
Company Secretary
+44 (0) 20-7661-8104
Website: www.ramblermines.com
OR
Seymour Pierce Limited
Nandita Sahgal
+44 (0) 20-7107 8000
OR
Pelham Public Relations
Chelsea Hayes/Klara Kaczmarek
+44 (0) 20-7743-6675/20-3159-4395
The TSX-Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Rambler Metals & Mining Plc
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