Rambler Files Lower Footwall Zone Prefeasibility Technical Report on SEDAR
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND and LABRADOR, CANADA--(Marketwired - Sep 9, 2015) - Rambler Metals and Mining plc, a Canadian copper and gold producer, explorer and developer (TSX VENTURE: RAB) (AIM: RMM) (LSE: RMM) ("Rambler" or the "Company") today reports that it has filed the NI43-101 technical report to accompany the pre-feasibility results previously announced on 20 July 2015.
The PFS was successful in defining a staged, low capital strategy for the optimisation of all existing infrastructure through the integration of the Lower Footwall Zone ('LFZ') mineral resource into the life of mine ('LOM') plan for the Ming Copper-Gold Mine. The operation will begin running at full capacity in 2018 at 1,250 metric tonnes per day ('mtpd') with a projected mine life of 21 years.
The results show positive economics, a strong Internal Rate of Return ('IRR') and significant cash flow under reasonable commodity price assumptions. In addition, there remain further opportunities for improvement as the operation becomes fully optimised.
All currency is expressed in Canadian dollars ($CDN) unless otherwise noted.
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http://www.rns-pdf.londonstockexchange.com/rns/5716Y_1-2015-9-9.pdf
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