Pembridge Resources plc Operational Update - Operations Restarted (1384Q)
16 Outubro 2019 - 1:04PM
UK Regulatory
TIDMPERE
RNS Number : 1384Q
Pembridge Resources plc
16 October 2019
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS DEEMED BY THE
COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU
MARKET ABUSE REGULATION (596/2014). UPON PUBLICATION OF THE
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16 October 2019
Operational Update - Operations Restarted
London, United Kingdom - Pembridge Resources plc (LSE: PERE)
("Pembridge" or the "Company"), is pleased to provide the following
operational update further to the recent announcement on 30
September 2019:
-- The raise boring of the Minto East vent raise was completed on 1 October 2019
-- Milling operations commenced on 10 October 2019. The mill
will operate on a 2-weeks-on, 2-weeks-off schedule until sufficient
development has been achieved underground to enable a higher
monthly processing capacity
-- First concentrate of copper was produced on 11 October 2019
-- First underground blast (6,000t at 4.5% Cu) occurred in the
Minto East mining area on 13 October 2019. A further 32,279t of ore
at 2.7% Cu is planned to be blasted over the next 7 days
-- Operations at Minto have been lost time injury free since 3 June 2019
Gati Al-Jebouri, Chief Executive Officer and Chairman of the
Board said: "I am incredibly proud of the team at Minto who have
worked tirelessly in getting Minto back into production. This is
the first step in ramping up Minto to its full capacity, generating
value for the employees of Minto Explorations Ltd, the Selkirk
First Nation, Pembridge shareholders and the Yukon. The Pembridge
team are committed to operating safely, efficiently, with
consideration for the environment and cost effectively with the
long term aim of extending the life of the mine and realising the
full potential that the Minto has."
The person who arranged for the release of this announcement on
behalf of the Company was Gati Al-Jebouri, Chief Executive Officer
and Chairman of the Board.
ENDS
For further information contact:
Pembridge Resources plc: +44 (0)20 7917 2968
Gati Al-Jebouri, Chief Executive Officer and Chairman of the
Board
Paul Fenby, Chief Financial Officer
Thomas Horton, Vice President Corporate Development
Brandon Hill Capital - United Kingdom: +44 (0)20 3463 5016
Jonathan Evans
SI Capital - United Kingdom: +44 (0)14 8341 3500
Nick Emerson
Tavistock Communications - United Kingdom: +44 (0)20 7920 3150
Charles Vivian
Gareth Tredway
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of this information may apply. For further information, please
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END
UPDMFBATMBABBLL
(END) Dow Jones Newswires
October 16, 2019 12:04 ET (16:04 GMT)
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