Centamin Egypt: First Gold Export and Design Throughput Achieved
January 11 2010 - 6:30AM
Marketwired
Centamin Egypt Limited ("Centamin" or "the Company") (TSX:
CEE)(LSE: CEY)(ASX: CNT), the gold mining group in Egypt, is
pleased to advise that the Sukari Gold Project has achieved yet
another important milestone with the commencement of gold exports
to a nominated overseas gold refinery, Johnson Matthey.
The commencement of gold exports from Sukari coincides with the
achievement of optimal design throughput at the Sukari Gold Project
during December 2009. The 4mtpa processing facility is now
performing in accordance with commercial production standards and
in line with design specifications.
Sukari is the first modern commercial gold mine to be operated
in Egypt, and has a current mineral reserve of 142Mt @1.4g/t Au for
6.4Moz. The current mineral resource stands at 210Mt @ 1.52g/t Au
for 10.29Moz Measured and Indicated, and 66Mt @ 1.6g/t Au for
3.4Moz Inferred.
The achievement of the above milestones are a result of the
extraordinary efforts and dedication of the entire team at Centamin
and the co-operation of the Egyptian Government, in particular His
Excellency Sameh Fahmy Minister for Petroleum and Mineral
Resources.
We look forward to updating stakeholders on further progress of
the Sukari Gold Project in coming months as the exploration,
development and production at Sukari continues.
For Centamin Egypt Limited
Josef El-Raghy, Managing Director/CEO
11 January 2010
Quality Assurance and Control and Qualified Person
The information in this report that relates to ore reserves has
been compiled internally and reviewed by Mr Andrew Pardey. Mr
Pardey is a Member of the Australasian Institute of Mining and
Metallurgy and is a full time employee of the Company. He has
sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity he is undertaking, to qualify as a "Competent Person" as
defined in the 2004 Edition of the "Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves" and is
a "Qualified Person" as defined in the "National Instrument 43-101
of the Canadian Securities Administrators" and "CIM Definition
Standards For Mineral Resources and Mineral Reserves" of December
2005 as prepared by the CIM Standing Committee on Reserve
Definitions of the Canadian Institute of Mining. Mr Pardey's
written consent has been received by the Company for this
information to be included in this report in the form and context
which it appears.
The information in this report that relates to ore reserves has
also been independently verified by Mr Pieter Doelman, an employee
of Coffey Mining Pty Ltd Perth. Mr Doelman is a Member of the
Australasian Institute of Mining and Metallurgy and has sufficient
experience, relevant to the style of mineralisation and type of
deposit under consideration and to the activity he is undertaking,
to qualify as a "Competent Person" as defined in the 2004 Edition
of the "Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves" and is a "Qualified Person" as
defined in the "National Instrument 43-101 of the Canadian
Securities Administrators" and the "CIM Definition Standards For
Mineral Resources and Mineral Reserves" of December 2005 as
prepared by the CIM Standing Committee on Reserve Definitions of
the Canadian Institute of Mining. Mr Doelman consents to the
inclusion of this estimate in reports.
Information in this report which relates to exploration,
geology, sampling and drilling is based on information compiled by
geologist Mr Richard Osman who is a full time employee of the
Company, and is a member of the Australasian Institute of Mining
and Metallurgy with more than five years experience in the fields
of activity being reported on, and is a 'Competent Person' for this
purpose and is a "Qualified Person" as defined in "National
Instrument 43-101 of the Canadian Securities Administrators". His
written consent has been received by the Company for this
information to be included in this report in the form and context
which it appears.
The assay samples were analysed by Ultra Trace Pty Ltd, Canning
Vale, Western Australia.
The information in this report that relates to mineral resources
is based on work completed independently by Mr Nicolas Johnson, who
is a Member of the Australian Institute of Geoscientists. Mr
Johnson is a full time employee of Hellman and Schofield Pty Ltd
and has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a "Competent Person"
as defined in the 2004 edition of the "Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves" and is a "Qualified Person" as defined in "National
Instrument 43-101 of the Canadian Securities Administrators". Mr
Johnson consents to the inclusion in the report of the matters
based on his information in the form and context in which it
appears.
Refer to the updated Technical Report which was filed in May
2009 for further discussion of the extent to which the estimate of
mineral resources/reserves may be materially affected by any known
environmental, permitting, legal, title, taxation, socio-political,
marketing or other relevant issue.
ABN 86 007 700 352
Contacts: Centamin Egypt Limited Josef El-Raghy + 61 (8) 9316
2640 www.centamin.com Buchanan Communications Limited Bobby Morse +
44 (0) 207 7466 5000 Buchanan Communications Limited Ben Willey +
44 (0) 207 7466 5000
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