Multiple locations permitted for future
trommel placements unlocked
LONDON, Feb. 14, 2019 /CNW/ - Meridian Mining SE
(TSXV: MNO) ("Meridian" or the "Company") today announced that it
has been granted three additional water permits by SEDAM (Secretary
of State for Environmental Development, Rondônia, Brazil), valid until 31st of
January 2024, to use with a rotating
wet screen ("trommel") at the António Gomes, Francisco/Araçatuba
and Júlio Mundi prospects ("the Permits") within its Espigão
Manganese project ("the Project"). The Company already has one
field trommel at the Vitalino prospect where it operates on a
continuous basis, uninterrupted by the wet season conditions.
The highlighted benefits of the three new Permits together with
the Company's one existing water permit are:
- Expands the catchment areas to mine and pre-process
manganese from during future wet seasons;
- Provides for 4 permitted areas to centralise medium and
long-term mining scheduling;
- Enables the Company to efficiently supply
pre-concentrate manganese to the Jaburi plant during future wet
seasons.
By the granting of the new Permits (Fig 1) the Company has now
secured a broader footprint across the Project to operate a
trommel(s) during future wet seasons. Each of the permits allows
the Company to draw up to 100m3/hr of water to use in the
washing and pre-concentration of manganese. The future
pre-concentrated material produced by the field trommel(s) will be
then trucked to the Company's principal processing plant
Jaburi.
The volume of pre-concentrated manganese produced by the
Vitalino trommel can be less than 80% of the original feed
material. As the volume of material that the Jaburi plant was
original designed to process was based on larger volumes of "raw
feed", it has in effect excess capacity when processing the
Vitalino pre-concentrate. At the end of January, management took
the decision to re-configure the Rio Madeira plant and for it to
operate solely as a centralised washing plant. The combined feed of
pre-concentrated manganese from two wash plants allows the Jaburi
plant to operate at near capacity. The jigs at the Rio Madeira
plant will be maintained for contingency purposes only.
Mr Clark, Interim CEO & President, states, "The Company has
commenced 2019 with a fresh outlook that has been complemented by
these three additional water permits being granted by SEDAM. The
challenges and lessons learned by operating the Vitalino field
trommel will be used for future wet season operations now
facilitated by the granting of the Permits"
Qualified person
The technical information about the Company's exploration
activity has been prepared under the supervision of and verified by
Dr. Adrian McArthur (B.Sc. Hons,
PhD. FAusIMM), the Chief Geologist of Meridian Mining, who is a
"qualified person" within the meaning of National Instrument
43-101.
On behalf of the Board of Directors of Meridian Mining SE
Gilbert Clark
Interim CEO, President and Director
ABOUT MERIDIAN
Meridian Mining SE is focused on the acquisition, exploration,
development and mining activities in Brazil. The Company is
currently focused on exploring and developing the Espigão manganese
and gold projects, the Bom Futuro tin JV area, and adjacent areas
in the state of Rondônia. Meridian is currently producing
high grade manganese at its project located at Espigão do
Oeste.
Further information can be found at www.meridianmining.co.
FORWARD-LOOKING STATEMENTS
Some statements in this presentation contain forward-looking
information or forward-looking statements for the purposes of
applicable securities laws. These statements include, among
others, statements with respect to the Company's plans for
exploration, development and exploitation of its properties and
potential mineralisation. These statements address future
events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the statements. Such risk factors include, among others,
failure to obtain regulatory approvals, failure to complete
anticipated transactions, the timing and success of future
exploration and development activities, exploration and development
risks, title matters, inability to obtain any required third party
consents, operating risks and hazards, metal prices, political and
economic factors, competitive factors, general economic conditions,
relationships with strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices
and one-time events. In making the forward-looking
statements, the Company has applied several material assumptions
including, but not limited to, the assumptions that: (1) the
proposed exploration, development and exploitation of mineral
projects will proceed as planned; (2) market fundamentals will
result in sustained metals and minerals prices and (3) any
additional financing needed will be available on reasonable
terms. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.
The Company cautions that it has not completed any feasibility
studies on any of its mineral properties, and no mineral reserve
estimate or mineral resource estimate has been established.
In particular, because the Company's production decision relating
to Meridian Mineracao Jaburi S.A, manganese project is not based
upon a feasibility study of mineral reserves, the economic and
technical viability of the Espigão manganese project has not been
established
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Meridian Mining S.E.
