BMR Mining PLC Land & Equipment Lease Update (5662C)
October 16 2015 - 8:20AM
UK Regulatory
TIDMBMR
RNS Number : 5662C
BMR Mining PLC
16 October 2015
BMR Mining PLC
("BMR" or the "Company")
Land & Equipment Lease Update
Following a review of operations by the Company at Kabwe, the
Directors have now determined that the location of the initial
Pilot Plant should be secured for the medium term and also under
the Company's direct control, and they have therefore decided to
construct the operational plant on the Company's own land at
Kabwe.
As a result, the Company will not be proceeding with the leasing
of land and equipment from Sable Zinc Kabwe Limited announced on 28
September 2015.
Whilst the Board is continuing to finalise the specification and
costing of the operational plant, it does not believe that this
decision will have a material adverse impact thereon.
Alex Borrelli, Chairman, commented "This decision reflects our
focus on constructing a fully operational pilot plant that is
capable of generating revenues for the Company."
Ends
For further information:
BMR Mining PLC 020 7734 6252
Alex Borrelli, CEO and Chairman
WH Ireland Limited 020 7220 1666
Chris Fielding, Head of Corporate Finance
This information is provided by RNS
The company news service from the London Stock Exchange
END
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