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ALTAMIN LIMITED — Capital/Financing Update 2016
Apr 19, 2016
64488_rns_2016-04-19_9a93fb83-8821-4937-af50-467f7fcc71e6.pdf
Capital/Financing Update
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20 April 2016
ASX Announcement
Gorno Zinc Project – Positive Scoping Study Completed
Energia Minerals Limited (“Energia” or “the Company”) (ASX: EMX) is pleased to announce that it has received positive results from an Independent Scoping Study completed by mining consultants Jorvik Resources Pty Ltd (“Jorvik”) on its 100%owned Gorno Zinc Project in Northern Italy, paving the way for the Project to advance rapidly with the commencement of a Definitive Feasibility Study (DFS).
The Scoping Study, focussed on the Mineral Resource currently defined within the Colonna Zorzone Deposit, has confirmed Energia’s belief in the competitive advantages of the Gorno Project hence the Company has taken the decision to proceed to carry out a DFS this year. The DFS will incorporate additional resource definition, environmental studies, additional metallurgical test work and process plant design along with other key assessments and permitting.
Energia’s Managing Director, Mr Kim Robinson said that: “The Scoping Study was a very important milestone for our Company and gives the Board great confidence in the potential of the Colonna Zorzone Deposit as an emerging brownfield mine development opportunity in the making.”
ASX Code EMX
ABN 63 078 510 988 PO Box 1785 West Perth WA 6872
Level 2, 20 Kings Park Road West Perth WA 6005
T: + 61 8 9321 5000 F: + 61 8 9321 7177
E: [email protected] W: www.energiaminerals.com
Board of Directors Alex Burns Executive Chairman Kim Robinson Managing Director Max Cozijn Finance Director Marcello Cardaci Non-executive Director
Company Secretary Jamie Armes
“This is an exciting time for Energia as we accelerate the Gorno Zinc Project, with the goal of positioning it to potentially deliver high quality zinc concentrate into the heart of Western Europe from 2018 to take advantage of a period of depleting zinc stockpiles and forecast rising prices.”
“With approximately $10 million worth of cash and listed securities in our treasury, we are well placed to complete the DFS. We have also commenced discussions with various strategic parties regarding financing options for a future development.”
For and on behalf of the board
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Kim Robinson For media enquiries contact: Managing Director Nicholas Read, Read Corporate +61 8 9321 5000 +61 8 9388 1474 [email protected] [email protected]
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