Meridian Mining Granted Three Additional Water Permits Multiple locations permitted for future trommel placements unlocked
Meridian Mining Granted Three Additional
Water Permits
Multiple locations permitted for future trommel placements unlocked
LONDON
,
Feb. 14, 2019
/CNW/ - Meridian Mining SE (TSXV: MNO) ("Meridian" or the "Company")
today announced that it has been granted three additional water permits by SEDAM (Secretary of
State for Environmental Development, Rondônia,
Brazil
), valid until 31
st
of
January 2024
, to use with
a rotating wet screen ("trommel") at the António Gomes, Francisco/Araçatuba and Júlio Mundi
prospects ("the Permits") within its Espigão Manganese project ("the Project"). The Company
already has one field trommel at the Vitalino prospect where it operates on a continuous basis,
uninterrupted by the wet season conditions.
The highlighted benefits of the three new Permits together with the Company's one existing water
permit are:
Expands
the catchment areas to mine and pre-process manganese from during future wet
seasons;
Provides
for 4 permitted areas to centralise medium and long-term mining scheduling;
Enables
the Company to efficiently supply pre-concentrate manganese to the Jaburi plant
during future wet seasons.
By the granting of the new Permits (Fig 1) the Company has now secured a broader footprint across
the Project to operate a trommel(s) during future wet seasons. Each of the permits allows the
Company to draw up to
100m
3
/hr of water to use in the washing and pre-concentration of
manganese. The future pre-concentrated material produced by the field trommel(s) will be then
trucked to the Company's principal processing plant Jaburi.
The volume of pre-concentrated manganese produced by the Vitalino trommel can be less than 80%
of the original feed material. As the volume of material that the Jaburi plant was original designed to
process was based on larger volumes of "raw feed", it has in effect excess capacity when
processing the Vitalino pre-concentrate. At the end of January, management took the decision to re-
configure the Rio Madeira plant and for it to operate solely as a centralised washing plant. The
combined feed of pre-concentrated manganese from two wash plants allows the Jaburi plant to
operate at near capacity. The jigs at the Rio Madeira plant will be maintained for contingency
purposes only.
Mr Clark, Interim CEO & President, states, "The Company has commenced 2019 with a fresh
outlook that has been complemented by these three additional water permits being granted by
SEDAM. The challenges and lessons learned by operating the Vitalino field trommel will be used for
future wet season operations now facilitated by the granting of the Permits"
Fig 1: Location of the Permits (CNW Group/Meridian Mining S.E.)
Qualified person
The technical information about the Company's exploration activity has been prepared under the
supervision of and verified by Dr.
Adrian McArthur
(B.Sc. Hons, PhD. FAusIMM), the Chief Geologist
of Meridian Mining, who is a "qualified person" within the meaning of National Instrument 43-101.
On behalf of the Board of Directors of Meridian Mining SE
Gilbert Clark
Interim CEO, President and Director
ABOUT MERIDIAN
Meridian Mining SE is focused on the acquisition, exploration, development and mining activities in
Brazil. The Company is currently focused on exploring and developing the Espigão manganese and
gold projects, the Bom Futuro tin JV area, and adjacent areas in the state of Rondônia. Meridian is
currently producing high grade manganese at its project located at Espigão do Oeste.
Further information can be found at
www.meridianmining.co
.
FORWARD-LOOKING STATEMENTS
Some statements in this presentation contain forward-looking information or forward-looking
statements for the purposes of applicable securities laws. These statements include, among others,
statements with respect to the Company's plans for exploration, development and exploitation of its
properties and potential mineralisation. These statements address future events and conditions and,
as such, involve known and unknown risks, uncertainties and other factors, which may cause the
actual results, performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements. Such risk factors include,
among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the
timing and success of future exploration and development activities, exploration and development
risks, title matters, inability to obtain any required third party consents, operating risks and hazards,
metal prices, political and economic factors, competitive factors, general economic conditions,
relationships with strategic partners, governmental regulation and supervision, seasonality,
technological change, industry practices and one-time events. In making the forward-looking
statements, the Company has applied several material assumptions including, but not limited to, the
assumptions that: (1) the proposed exploration, development and exploitation of mineral projects will
proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and
(3) any additional financing needed will be available on reasonable terms. The Company expressly
disclaims any intention or obligation to update or revise any forward-looking statements whether as
a result of new information, future events or otherwise except as otherwise required by applicable
securities legislation.
The Company cautions that it has not completed any feasibility studies on any of its mineral
properties, and no mineral reserve estimate or mineral resource estimate has been established. In
particular, because the Company's production decision relating to Meridian Mineracao Jaburi S.A,
manganese project is not based upon a feasibility study of mineral reserves, the economic and
technical viability of the Espigão manganese project has not been established
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE
Meridian Mining S.E.
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For further information:
Jonathan Richards, +1 604-681-0405, [email protected]
CO: Meridian Mining S.E.
CNW 08:00e 14-FEB-19