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Market: AIM
Sector: General Mining
Epic: RMM
News: Latest news
Web Site: Rambler Metals & Mining
Other Articles: 02-02-201026-01-201008-12-2009

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Friday March 12, 09:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

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Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

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White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Rambler Metals & Mining

Rambler Metals & Mining

Rambler Metals and Mining PLC is engaged in the development and exploration programme that the Company is carrying out at the Rambler copper and gold property in the Baie Verte Peninsula of Newfoundland, Canada. The area has a history and culture of gold, base metals and industrial minerals mining. The Rambler property contains the former producing Ming and Ming West Cu-Au mines. In June 2008, the Company released its first NI43-101 compliant resource for the Rambler property.

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Wednesday, March 18, 2009

Rambler Metals still aims to start Ming mine production in 2010

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Rambler Metals and Mining PLC said it is still aiming at bringing the Ming copper mine in Newfoundland into production in 2010. It is currently in talks with a number of third parties regarding project financing for the project.

While underground drilling and pre-development work was suspended in January to preserve cash, it is still conducting an underground engineering study covering mining operations for the first five years. The study is proceeding well and is on schedule to be completed by April 30 2009.

In its second quarter results and operations update, Rambler said net losses widened to £332,879 in the period to January 31 2009 from a 236,078 loss in the previous second quarter, because administration expenses increased £49,874 to £344,792.

Cash and cash equivalents at the end of the second quarter was £2.3 million and this figure had fallen to £1.9 million as at March 17 2009.  

President and chief executive George Ogilvie said: “We look forward to the completion of the underground Engineering Study in April 2009 which will demonstrate the long term economic viability of the Project.  We feel strongly about the Company’s future prospects in the coming year and we also look forward to resuming exploration activity, pre-production development and construction and bringing the Ming Mine into production in 2010.”

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