Rambler Loads Second Concentrate Shipment Desti...
6 March 2013
Rambler Loads Second Concentrate Shipment
Destined For International Markets
London, England & Baie Verte, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (TSXV: RAB,
AIM: RMM) ('Rambler' or the 'Company') announces that a total of approximately 3,150 wet metric tonnes
(wmt) of copper concentrate was loaded and shipped from the Company's storage facility at Goodyear's Cove
on 23 February 2013. The concentrate is destined for a smelter in Europe.
This is the second shipment as part of the off-take agreement with Transamine Trading SA ('Transamine').
The Company's own sampling estimates an average grade for the clean concentrate shipped of 28.5% copper, 7
g/t gold with 54 g/t silver, an improvement over the previous shipment which averaged 26%, 5.6 g/t gold and
47 g/t silver respectively.
In addition, on 31 January 2013 the Company received additional funds from its first shipment of 8,873 wmt
of concentrate in November 2012. The Group fixed 90% of the concentrate at a copper price of $3.62 per
pound copper, $1,709 average per ounce gold and $33 per ounce silver which were all moderately higher than
the initial provisional payment.
George Ogilvie, President and CEO of Rambler, commented:
"With the continuing production from the Ming Mine the Company is pleased to accommodate
Transamine's request for an early concentrate shipment, ahead of the typical 5,000 wmt minimal
lot. The loading exercise and shipment also confirms our belief that the Company has the ability
to ship all year round, including the height of winter. This ability speaks highly of the loading
crew at Goodyear's Cove and is important when considering the timing of future shipments.
Our operations team at the Nugget Pond Copper-Gold Mill continue to make steady improvements to
the copper concentrating process, as witnessed by the improving concentrate grade. The mine itself
is also progressing with a development focus throughout the high-grade 1807 copper zone. Some
minor delays have been seen at the mine due to various equipment issues; production from the 1807
zone is continuing and expected to increase with the recent breakthrough of the newly developed
and dedicated 1807 ramp system.
Overall we are pleased with the progress from the operation, considering this is our first quarter
of Commercial Production. We expect our 2Q results to be released to the market prior to 2 April
2013."
For further information, please contact:
George Ogilvie, P.Eng. Rambler Metals & Mining Plc.
President and CEO Corporate Office
Rambler Metals and Mining Tel No: +44 (0) 20 8652-2700
Tel No: 709-800-1929 Fax No: +44 (0) 20 8652-2719
Tel No: 709-800-1921
Stewart Dickson / Jeremy Stephenson Charles Vivian / Daniel Thöle Guy Wilkes
Seymour Pierce Pelham Bell Pottinger Ocean Equities Limited
Tel No: +44 (0) 20-7107-8000 Tel No: +44 (0) 20 7861 3921 Tel No: +44 (0) 20-7786-4370
Website: 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.
Tonnes referenced are dry metric tonnes unless otherwise indicated.
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.
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.
London, England: Salatin House / 19 Cedar Road / Sutton, Surrey / SM2 5DA / T.020 8652 2700 / F.020 8652 2719
www.ramblermines.com AIM : RMM; TSX-V : RAB
Rambler Metals & Mining Plc
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