🕐27.10.09 - 02:01 Uhr

Mineral Resources reaches Farm-in agreement with Reed Resources



ASX Announcement 27 October 2009 Mineral Resources reaches Farm-in agreement with Reed Resources on Mt Marion Lithium Project Mineral Resources Limited (ASX: MIN) has today reached a Farm-in agreement with Reed Resources Ltd (ASX: RDR) to develop the Mount Marion Lithium Project located between Kalgoorlie and Kambalda in the Goldfields region of Western Australia. Mineral Resources will complete the Feasibility Study incorporating information derived from a number of studies completed by previous tenement owners and further exploration activities with a view to subsequently build, own and operate processing facilities; fund development costs and operate open pits at the project. The Feasibility Study, which is currently underway, will confirm the parameters by which initial production will occur, particularly in relation to the mix of chemical/ glass grade products.

Initially, the project is expected to deliver up to 1Mtpa of ore (or the equivalent of 200,000 tonnes of concentrate at 6.5% Li2O) to a Mineral Resources designed and built start-up plant alongside the existing Nimbus processing plant.

This level of production is planned to continue until a larger plant and increased production is required. Mineral Resources, which has extensive experience in the construction and operation of significant processing operations throughout Australia, expects to mobilise a processing plant and related equipment to Nimbus in Q2 2010.

First shipments of product, at a production rate of 17,000 tonnes per month of +6.5% Li2O concentrate, is expected to commence from Q3 2010, subject to a decision to mine and obtaining all necessary approvals. To download the announcement click here: http://esp.gewru.com/download/files/12414/971247/Farm-in%20agreement%20with%20Reed%20Resources.pdf For further information contact: Peter Wade Executive Chairman / Managing Director Telephone: (08) 9437 7000 www.mineralresources.com.au David Tasker Professional Public Relations Telephone: (08) 9388 0944 Mobile: 0433 112 936 Email:
This message has been sent to you as a subscriber of the PPR mail service. If you no longer wish to be a part of the service, please email with the word "REMOVE" in the Subject line.
--------------------------------------------------------------------------- This email was sent by David Tasker, PPR (WA) Pty Ltd, Level 1, 588 Hay Street, Subiaco WA 6008 Western Australia to Unsubscribe: http://esp.gewru.com/download/forms/u/59505ca/1546148165.html ---------------------------------------------------------------------------



Products & Services | Jobs