TIDMMDM

RNS Number : 6727N

MDM Engineering Group Ltd

30 July 2014

MDM Engineering Group Limited

("MDM" or the "Company")

MDM is awarded the PFS for Sibanye Gold's Beisa Uranium 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 Sibanye Gold Limited's Beisa Uranium Processing Plant Project.

The project is located at Sibanye's Beatrix Gold Mine which is southwest of the town of Virginia in the Free State Province of South Africa. The Beisa Project incorporates mining of the uraniferous and auriferous Beisa Reef. Locally it forms part of the Beatrix Gold Mine Mining Right and is situated to the west of current Beatrix 4 Shaft workings.

The scope of work includes adding a uranium plant processing module to the existing gold plant. The uranium plant will treat 80 000 tons per month ("tpm") of Beisa uranium ore. A total of 120 000 tpm, comprising 40 000 tpm of Kalkoenkrans reef together with the leached uranium solids, will be processed through the existing Beatrix No.2 Gold Plant. Milling of the ore will be done using the existing SAG milling and thickener circuits.

Martin Smith, MDM CEO said:

"The MDM team enjoy a good relationship with Sibanye Gold. This added to our experience on the Ezulwini gold and uranium project in 2009, will provide valuable insight into executing the 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 test work 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

SIBANYE GOLD LIMITED:

Sibanye Gold Limited ("Sibanye Gold"), owns the Kloof, Driefontein and Beatrix Gold Mines produced a combined 1.42 million ounces of gold in 2013, making Sibanye Gold the largest producer of gold from South Africa and amongst the top ten largest gold producers globally.

Sibanye Gold is domiciled in South Africa with its primary listing of shares on the JSE and a secondary listing of American depository receipts on the NYSE.

www.sibanyegold.co.za

This information is provided by RNS

The company news service from the London Stock Exchange

END

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