Rambler Loads and Ships First Concentrates to I...
FOR: RAMBLER METALS & MINING PLC
AIM SYMBOL: RMM
TSX VENTURE SYMBOL: RAB
December 3, 2012
Rambler Loads and Ships First Concentrates to International Markets
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND and LABRADOR--(Marketwire - Dec. 3, 2012) - Rambler Metals and Mining plc
(TSX VENTURE:RAB) (AIM:RMM) ('Rambler' or the 'Company') announces that subsequent to the Company's 'notification of
load readiness' to Transamine Trading SA ('Transamine'), a total of 8,873 wet metric tonnes of copper concentrate has
now been loaded and shipped from storage at Goodyear's Cove on board a bulk cargo vessel, destined for Huelva, Spain.
HIGHLIGHTS
/T/
-- A bulk cargo vessel, the MV Qamutik, called to port on Friday 23
November 2012. The vessel was completely loaded, trimmed and surveyed
with 8,873 wet metric tonnes of copper concentrate by Sunday afternoon
-- The Company's own sampling estimate of grade for the concentrate shows
it ranging between 26-30% copper with 6-10 g/t gold and 40-50 g/t
silver. Moisture content at the time of loading was 8.66%, below the
products transportable moisture limit ('TML') of 9.15%
-- The Company has also initiated payback of the C$7.5 M borrowed from
Sprott Lending, with the first repayment of C$500,000 made on 30
November 2012
/T/
George Ogilvie, President and CEO of Rambler, commented:
"The loading and shipment of our copper concentrate, destined for international markets, now completes the entire copper
production cycle for our Company. The facilities at Goodyear's Cove were newly constructed this year and following only
minor delays during start-up, the vessel was loaded efficiently.
As the Ming Mine is in commercial production and starting to generate free cash flow, we feel it is now prudent to begin
repaying the credit facility received in late 2011 from Sprott Lending. Subsequently, we have made our first repayment
of C$500,000 towards the loan principal.
Rambler will be presenting at the Proactive Investors One2One Forum - London on Thursday December 6th, 6:00pm at
Chesterfield Mayfair Hotel (Charles Suite, 1st floor), 35 Charles Street, Mayfair. We will be providing an update of
some of our successes over the past year and those opportunities we hope to take advantage of in the coming year. You
can officially register for the event through www.proactiveinvestors.co.uk/register/event_details/169 . My executive
team and I will be available after the presentations to talk about the Mine and answer any questions you may have."
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.
Tonnes referenced are dry metric tonnes unless otherwise indicated.
Caution Regarding Forward Looking Statements:
Certain information included in this press release, including information relating to future financial or operating
performance and other statements that express the expectations of management or estimates of future performance
constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements
regarding the financial strength of the Company, estimates regarding timing of future development and production and
statements concerning possible expansion opportunities for the Company. Where the Company expresses or implies an
expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed
to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors,
which could cause actual results to differ materially from future results expressed, projected or implied by such
forward-looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and
geophysical results; estimates regarding timing of future capital expenditures and costs towards profitable commercial
operations. Other factors that could cause actual results, developments or events to differ materially from those
anticipated include, among others, increases/decreases in production; volatility in metals prices and demand; currency
fluctuations; cash operating margins; cash operating cost per pound sold; costs per ton of ore; variances in ore grade
or recovery rates from those assumed in mining plans; reserves and/or resources; the ability to successfully integrate
acquired assets; operational risks inherent in mining or development activities and legislative factors relating to
prices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements
contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-
looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to
update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other
documents whether as a result of new information, future events or otherwise, except as required under applicable
securities law.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-800-1929
709-800-1921
OR
Rambler Metals & Mining Plc.
Corporate Office
+44 (0) 20 8652-2700
+44 (0) 20 8652-2719 (FAX)
www.ramblermines.com
OR
Seymour Pierce Limited
Stewart Dickson / Jeremy Stephenson
+44 (0) 20-7107-8000
OR
Pelham Bell Pottinger
Charles Vivian / Daniel Thöle
+44 (0) 20 7861 3921
OR
Ocean Equities Limited
Guy Wilkes
+44 (0) 20-7786-4370
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
INDUSTRY: Manufacturing and Production-Mining and Metals
SUBJECT: MEX
-0-
Rambler Metals & Mining Plc
Latest directors dealings
- 7 minutes ago Mid Wynd International Inv Trust
- 20 minutes ago Dillistone Group
- 29 minutes ago SSP Group
- 1 hour ago Greencoat Renewables (CDI)
- 1 hour ago TotalEnergies SE