Kenmare Resources - Completion of PlantOperations
February 29 2000 - 10:42AM
UK Regulatory
RNS Number:4233G
Kenmare Resources PLC
29 February 2000
KENMARE RESOURCES PLC ("KENMARE")
Moma Pilot Plant Operations Successfully Completed
Kenmare has successfully completed pilot plant operations at its Moma Titanium
Minerals project in northern Mozambique. One thousand tonnes of ore were
processed through the pilot plant over a six week period. The resulting Heavy
Mineral Concentrate has been shipped to Australia where product samples will
be produced and process design work completed. Pilot plant testing follows
the Pre-Feasibility Study, concluded earlier this year. This confirmed that
the project is commercial and can provide strong returns when completed.
The Moma project is unaffected by recent rains and flooding which are being
experienced in southern Mozambique.
Charles Carvill, Kenmare's Chairman said: "The completion of pilot plant
operations, on budget and ahead of schedule, is a significant milestone
towards the achievement of the Definitive Feasibility Study for this major
project. The study is due to be finished before the end of the year. We hope
to begin production during 2002."
For more information:
Michael Carvill
Managing Director
+353-1-671 0411 or +353-87-6740110
END
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