Fox Marble Holdings PLC Malesheva Update: New Quarry Opens (2165G)
19 Novembre 2015 - 8:00AM
UK Regulatory
TIDMFOX
RNS Number : 2165G
Fox Marble Holdings PLC
19 November 2015
AIM: FOX
RNS 19 November 2015
Fox Marble Holdings plc
("Fox Marble" or the "Company")
Malesheva Update: New Quarry Opens
Operations Update
Fox Marble, the AIM listed company focused on marble quarrying
and finishing in Kosovo and the Balkans region, is pleased to
announce the opening of a new Bianco Illirico marble quarry at
Malesheva, Central Kosovo.
The quarry, which is comprised initially of five hectares within
the large licensed deposit area, contains high quality, compact and
consistent dolomitic marble. Two benches have been dug at the site
and the first blocks of the milk-white marble have been sent for
sampling, with results expected within the next few weeks. The
Company has already received a number of requests from potential
offtake partners to review the samples.
The successful opening of the site signifies the good working
relationship that Fox Marble has with Kosovan administration, and
the role that Fox Marble is playing in stimulating employment in
the region. Progress at the Company's processing plant will also
serve to expedite future delivery of stone from the Malesheva
quarry and help service the order book.
Fox Marble's CEO Chris Gilbert commented: "Our new quarry at
Malesheva is large enough to fulfil growing market demand for
high-quality white marble, a type of marble which is becoming
increasingly hard to find. We are particularly pleased with the
quality and colour of the marble we have found here. The opening of
this quarry is timely, as we have seen strong and growing interest
in this stone. We look forward to the first samples coming out
before the end of the year."
Pictures are available at:
www.foxmarble.net/malesheva-update-new-quarry-opens
For more information on Fox Marble please visit
www.foxmarble.net or contact:
Fox Marble Holdings
plc
Chris Gilbert, Chief Tel: +44 (0) 20 7380
Executive Officer 0999
Candice Sutherland,
Chief Financial Officer
Cairn Financial Advisers Tel: +44 (0) 20 7148
LLP (Nomad) 7900
Avi Robinson
Liam Murray
Brandon Hill Capital
(Broker)
Oliver Stansfield Tel: +44 (0) 20 3463
5000
Yellow Jersey PR Limited
Dominic Barretto / Aidan Tel: +44 (0) 75 8408
Stanley 5670
Notes to Editors:
Fox Marble Holdings Plc is an AIM quoted natural stone
extraction Company operating in Kosovo and the Balkans region, with
headquarters in the United Kingdom.
The Company has been granted mining licenses in relation to six
separate marble quarries and completed a maiden JORC resource
indicating an in-situ valuation of approximately Euro 16.5 billion.
Established in 2011, Fox Marble has access to over 300 million
cubic metres of premium quality marble.
Fox Marble also has rights to extract grey marble from the Drini
quarry and cream and white grey marble from the Malesheva quarry,
both in Kosovo and white Sivec marble from the Prilep Quarry in
Macedonia.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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