Great Western Minerals Selects Three Firms to Complete the Feasibility Study on the Steenkampskraal Project
October 28 2013 - 4:05PM
Marketwired
Great Western Minerals Selects Three Firms to Complete the
Feasibility Study on the Steenkampskraal Project
SASKATOON, SK--(Marketwired - Oct 28, 2013) - Great Western
Minerals Group Ltd. ("GWMG" or the "Company") (TSX-VENTURE: GWG)
(OTCQX: GWMGF), a leader in the manufacture and supply of rare
earth element-based metals and metal alloys and holder of a
high-grade rare earth element mineral asset, announced that it has
selected the following firms to prepare the Steenkampskraal ("SKK")
rare earth project feasibility study. Venmyn Deloitte, ULS
Mineral Resource Projects ("ULS") and Sound Mining Solution (Pty)
Ltd ("SMS") have been retained to provide the necessary expertise
on specific elements of the feasibility study.
"Each firm was selected because of their excellent expertise in
their component of the project," commented Company President and
CEO Marc LeVier. "The selection of these respected firms is an
important next step in moving the SKK project to production."
Venmyn Deloitte has been appointed as the primary independent
project coordinator and author of the NI 43-101 compliant SKK
feasibility study report. Venmyn Deloitte is a global mining
and valuation business with professional expertise providing
independent technical and economic assessment and review of mineral
projects.
ULS is based in South Africa and has been selected as the
independent QP to complete the SKK process plant and surface
infrastructure portion of the study. ULS specializes in the
engineering and delivery of mineral resource projects and has
undertaken a significant number of infrastructure projects in
Africa.
SMS, also based in South Africa, has been selected as the
independent QP to prepare the SKK underground mine and
infrastructure design portion. SMS is a privately-owned mining
consultancy company with significant experience in Africa. SMS
has recently been engaged in several rare earth projects in
different capacities.
About GWMG Great Western Minerals Group Ltd. is a leader in the
manufacture and supply of rare earth-based alloys and high purity
metals. Its specialty alloys are used in the battery, magnet
and aerospace industries. Produced at the Company's
wholly-owned subsidiaries, Less Common Metals Limited in Ellesmere
Port, U.K. and Great Western Technologies Inc. in Troy, Michigan,
these alloys contain transition metals, including nickel, cobalt,
iron and other rare earth elements. As part of the Company's
vertical integration strategy, GWMG also holds 100% equity
ownership in Rare Earth Extraction Co. Limited, which controls the
Steenkampskraal monazite mine in South Africa. The Company
also holds interests in four rare earth exploration properties in
North America that are not active.
The Company routinely posts news and other information on its
website at www.gwmg.ca.
Email inquiries can also be made to info@gwmg.ca.
Neither the 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.
Cautionary Statement Certain information set out in this
News Release constitutes forward-looking
information. Forward-looking statements (often, but not
always, identified by the use of words such as "expect", "may",
"could", "anticipate" or "will" and similar expressions) may
describe expectations, opinions or guidance that are not statements
of fact and which may be based upon information provided by third
parties. Forward-looking statements are based upon the opinions,
expectations and estimates of management of GWMG as at the date the
statements are made and are subject to a variety of known and
unknown risks and uncertainties and other factors that could cause
actual events or outcomes to differ materially from those
anticipated or implied by such forward-looking statements. Those
factors include, but are not limited to the assumptions and
estimates in the preliminary economic assessment of the
Steenkampskraal project proving to be accurate over time; the
construction, commissioning and operation of the proposed monazite
processing facility and separation facility within estimated
parameters; mine refurbishment activities; reliance on third
parties to meet projected timelines and commencement of production
at Steenkampskraal; risks related to the receipt of all required
approvals including those relating to the commencement of
production at the Steenkampskraal mine, delays in obtaining
permits, licenses and operating authorities in Canada, South Africa
and China, environmental matters, water and land use risks; risks
associated with the industry in general, commodity prices and
exchange rate changes, operational risks associated with
exploration, development and production operations, delays or
changes in plans, including those estimated in the preliminary
economic assessment of the Steenkampskraal project; risks
associated with the uncertainty of resource estimates; health and
safety risks; uncertainty of estimates and projections of
production, costs and expenses; risks that future Steenkampskraal
and region exploration results may not meet exploration or
corporate objectives; the adequacy of the Company's financial
resources and the availability of additional cash from operations
or from financing on reasonable terms or at all; political risks
inherent in South Africa and China; risks associated with the
relationship between GWMG and/or its subsidiaries and communities
and governments in Canada and South Africa, radioactivity and
related issues, dependence on one mineral project; loss of, and the
inability to attract, key personnel; the factors discussed in the
Company's public disclosure record; and other factors that could
cause actions, events or results not to be as anticipated. In light
of the risks and uncertainties associated with forward-looking
statements, readers are cautioned not to place undue reliance upon
forward-looking information. Although GWMG believes that the
expectations reflected in the forward-looking statements set out in
this press release or incorporated herein by reference are
reasonable, it can give no assurance that such expectations will
prove to have been correct. Except as required by law, GWMG does
not assume any obligation to update forward looking statements as
set out in this news release. The forward-looking statements of
GWMG contained in this News Release, or incorporated herein by
reference, are expressly qualified, in their entirety, by this
cautionary statement and the risk factors contained in GWMG's
Annual Information Form available at www.sedar.com.
For more information contact: Investor Relations: Deborah K.
Pawlowski 716.843.3908 Email Contact Craig P. Mychajluk
716.843.3832 Email Contact
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