Field trommel in final stages of field
mobilisation
LONDON, Nov. 20, 2018 /CNW/ - Meridian Mining SE (TSXV:
MNO) ("Meridian" or the "Company") today announces its preparation
for maintaining cost efficient production during the 2018/2019 wet
season is well advanced, despite the early arrival of inclement
weather. The field mobilisation and installation of the trommel
(rotating wet screen) to the Vitalino prospect area is on schedule
with the final field commissioning and first production run
forecast to commence from Monday the 26th of November
onwards.
The benefits from the field mobilisation of the trommel are:
- 20 hours per day 5 days per week operational profile;
- Base-case feed rate of 100t per hour;
- The volume of material to be trucked to the processing plants
is reduced by up to 80%;
- Lower rehabilitation costs as reject soils remain at site;
- Vitalino location allows for centralised processing from
adjacent prospects; and
- 4mm final mesh size; with fines to be stockpiled for future
refining.
The trommel is now located next to its permitted water source,
with the generator and water pipeline installed, temporary tailings
dam constructed and feeder hopper ready for installation (Photo
1). Colluvial feed with manganese oxides have been stockpiled
on site, and final assembly is ongoing.
The Company has also submitted additional requests for water
permits and plans to mobilise the Rio Madeira trommel to the field
during the 1st Quarter of 2019. The Rio Madeira trommel
and its support frame are engineered for mobile displacement that
facilitates the field mobilisation. As the trommels produce a clean
feed for the Jaburi and Rio Madeira plants from the field, their
installation at the plants is redundant during the wet season. The
Rio Madeira trommel has a base-case feed rate of 150t per hour.
The current feed for the existing dry screens is from stockpiled
material previously covered in plastic sheets in anticipation of
the wet season's possible early arrival. This dry feed has
partially offset the lower dry screen performance that has occurred
with the early rains.
Mr. Clark, Interim CEO & President, states, "The typical
Amazonian wet season conditions nullify the efficiencies gained by
the dry pre-screening of the manganese oxide colluvial feed
material. Trucking to the plants of non-screened material is
further complicated during the wet season by field conditions and
the high-water content of the material (up to 30%). To address
these challenges, the Espigão management team have applied their
inhouse logistic and technical skills to mobilise the trommels to
the field. Located in the field, the trommels can now produce
on-site a manganese oxide pre-concentrate hosted by a clean
sand/gravel mix with low water content for subsequent trucking and
final refinement".
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 news release 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 and development of its properties and potential
mineralization. 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 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 and development 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 has been established. In particular, because the
Company's production decision relating to its Espigão 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.