Ormonde Mining PLC Barruecopardo Permitting Update (9580B)
April 10 2013 - 2:00AM
UK Regulatory
TIDMORM
RNS Number : 9580B
Ormonde Mining PLC
10 April 2013
10 April 2013
Ormonde Mining plc
("Ormonde" or "the Company")
Barruecopardo Permitting Update
The Board of Ormonde is pleased to provide an update on progress
in connection with permitting of its flagship Barruecopardo
Tungsten Project in Salamanca, Spain ("Barruecopardo" or the
"Project"). This follows the submission of the final permitting
documentation to the Provincial and Regional Governments at the end
of July 2012 by Saloro SLU ("Saloro"), Ormonde's wholly-owned
subsidiary which is developing Barruecopardo. The permitting
process includes review and confirmation by the regional Mines
Department in Salamanca that the documentation conforms to
requirements, a public consultation and response period, followed
by further review at provincial level, leading to a recommendation
being made to the regional government for a decision regarding
permitting consents. As detailed below, significant progress has
now been made in relation to this process.
Main Points
-- Considerable permitting documentation, comprising the
Environmental Impact Study, the Exploitation Plan, the Restoration
Plan and the Financial Plan have been under review by the Regional
Authorities in Salamanca during Q4 2012 and Q1 2013 and the
regional Mines Department in Salamanca has now advised that the
documentation submitted conforms to their requirements.
-- A public consultation period was completed in February 2013,
with only a single public submission received by Saloro, to which
the Company has responded in full. The fact that just one public
submission was received at this critically important stage of the
permitting process is viewed as highly significant by the
Company.
-- Numerous public and private presentations to various
community groups and public bodies have been undertaken by Saloro
at local, provincial and regional level to inform on the proposed
new mining operation at Barruecopardo. These have been very well
received and have helped to establish very strong community and
political support for both the Barruecopardo project and
Saloro.
Kerr Anderson, Ormonde's Managing Director, commented:
"We are extremely pleased that our extensive efforts and
activities on communicating our proposals for the Barruecopardo
Tungsten Project at local, provincial and regional level have been
very well received, and we believe this is reflected in the fact
that only a single submission was presented by outside parties
following the public consultation period which forms a critical
part of the permitting process. This endorses all the work that
went into the preparation of the documentation required for the
granting of the mining concession at Barruecopardo, and is
evidenced by the fact that the regional Mines Department in
Salamanca has now advised that the documentation submitted conforms
to their requirements. We look forward to releasing an update on
the Project in due course."
Kerr Anderson PhD EurGeolPGeo, Managing Director of Ormonde, and
a qualified person as defined in the Note for Mining, Oil and Gas
Companies, June 2009, of the London Stock Exchange, has reviewed
and approved the technical information contained in this
announcement.
A glossary explaining technical terms contained in this
announcement can be found at
www.ormondemining.com/en/investors/technical_glossary.
For more information please visit www.ormondemining.com or
follow Ormonde on Twitter https://twitter.com/ormondemining or
Linkedin http://www.linkedin.com/company/ormonde-mining-plc
Enquiries to:
Ormonde Mining plc
Kerr Anderson, Managing Director Tel: +353 (0)1 8253570
Bankside Consultants
Simon Rothschild Tel: +44 (0)20 7367 8888 Mob: +44 (0)7703 167065
Murray Consultants
Ed Micheau Tel: +353 (0)1 4980300 Mob: +353 (0)86 803 7155
Davy (Nomad / ESM Adviser)
Eugenée Mulhern / Roland French Tel: +353 (0)1 6796363
ENDS
About Ormonde
Ormonde Mining Plc is admitted to trading on the AIM market in
London and the ESM market in Dublin. Ormonde is a mineral
development and exploration company focused on Spain (Ticker:
ORM).
Ormonde's key activities include:
Barruecopardo Tungsten- Ormonde is developing a low cost mining
operation at Barruecopardo to become a major, secure European
supply of tungsten.
Gold Exploration in several highly prospective areas of western
Spain which includes its joint venture agreement with Aurum Mining
plc (AIM: AUR), where Ormonde currently has a 40% interest in the
Pino de Oro project in the Zamora Province and a 46% interest in
the Peralonso and Cabeza projects in Salamanca Province of western
Spain. Ormonde is Manager of the Joint Venture.
La Zarza Copper - polymetallic massive sulphide deposit in the
prolific Iberian Pyrite Belt of southern Spain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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