MDM Engineering Group Ltd MDM awarded Panda project (8926J)
18 June 2014 - 4:00PM
UK Regulatory
TIDMMDM
RNS Number : 8926J
MDM Engineering Group Ltd
18 June 2014
MDM Engineering Group Limited
("MDM" or the "Company")
MDM is awarded the PFS for Cradle Resources Panda Hill Niobium
Project
MDM Engineering Group Limited (AIM: MDM), the minerals process
and project management company focused on the mining industry in
Africa, is pleased to advise that it has been awarded the
Pre-Feasibility Study ("PFS") for Cradle Resources' ("Cradle")
Panda Hill Project (the "Project").
Cradle has identified a unique opportunity to enter into the
specialty metals market through the development of the Panda Hill
Project in south west Tanzania. The Project currently holds three
valid mining licenses to search for, mine, dig, mill, process,
transport, use and or market Niobium.
The Project is in the preliminary stages of development with a
scoping study having been completed in January 2014. Approval has
been given by the Cradle board to proceed to the next level of
project development which will consist of a fit-for-purpose PFS
with the option to move directly onto a definitive feasibility
study if the results from the PFS are positive.
George Bennett, MDM Executive Director said:
"The MDM team look forward to working on this project which will
be headed up by our Niobium expert, Roger Leighton, one of MDM's
Lead Process Engineer. Our current working experience in Tanzania,
on African Barrick's Bulyanhulu project, will add great overall
insight in working on this project.
Enquiries:
MDM Engineering Group Limited Tel: +27 11 993-4300
Martin Smith (CEO)
George Bennett (Executive Director)
Canaccord Genuity Limited Tel: +44 (0) 207 523 8000
NOMAD and Broker
Neil Elliot
Chris Fincken
Joe Weaving
Tavistock Communications Tel: +44 (0) 207 920 3150
Financial Public Relations and
Investor Relations
Emily Fenton
Jos Simson
KEY INFORMATION:
MDM:
MDM Engineering Group Limited is a minerals process and project
management company focused on the mining industry. The Company
provides a wide range of services including metallurgical testwork
support, Preliminary Economic Assessments (PEA's), and bankable
feasibility studies, through to plant design, construction and
commissioning. To date, the Company's clients have largely been
junior and mid-tier mining corporations with operations in
Africa.
The MDM Engineering core technical team has a 25 year track
record of completing a wide range of studies and execution projects
across a variety of minerals, including precious metals, base
metals, ferrous and non-ferrous metals, uranium and diamonds.
The Company has adopted an approach to project execution based
on an open-book Engineering, Procurement, and Construction
Management "EPCM" or "cost-plus" basis and on a Engineering,
Procurement and Construct (EPC) basis. With a core focus on Africa,
MDM Engineering is setting the benchmark standard for best practice
in the mining services industry through its commitment to providing
the highest quality services and actively engaging with clients to
ensure maximum transparency.
www.mdm-engineering.com
CRADLE RESOURCES:
In April 2013, Cradle Resources (ASX: CXX) agreed to acquire
Panda Hill Mining Pty Ltd (Panda Hill) which has a world class
niobium project in the Mbeya district in South West Tanzania. As a
result of this acquisition, the Panda Hill Niobium project is now
the main undertaking of the Company.
www.cradleresources.com.au
This information is provided by RNS
The company news service from the London Stock Exchange
END
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