Operational Update - Revised Projects Timetable

RNS Number : 7124L

Bushveld Minerals Limited

08 July 2014

 



08 July 2014

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Operational Update - Revised Projects Timetable

Bushveld Minerals Limited (AIM: BMN), a mineral development company with a portfolio of vanadium and titanium bearing iron ore and tin assets in Southern Africa, announces that it has revised the communications timetable for its project platforms. The below adjustments support several developments across these platforms. The Company advises that it remains on track to meet its projects objectives, albeit according to the revised timelines indicated below:

Platform	Project	Milestone	Target date (Calendar year)
Bushveld Resources Limited - Iron Ore, Vanadium, Titanium, Phosphate	Bushveld PQ Iron Ore Project	Pre-Feasibility Study	2015
		P-Q Zone Phosphate Scoping Study	Q4 2014
		P-Q Zone Phosphate Pre-feasibility study	2015
		CREC Joint Pyro-metallurgy test work	H2 2014
	Bushveld Vanadium Project	MML Project Scoping Study	Q3 2014
		MML Project Pre-Feasibility Study	2015
Greenhills Resources Limited  - Tin	Mokopane Tin Project	Scoping Study	Q3 2014
	Zaaiplaats Tailings Project	Completion of technical due diligence	August 2014*
	Marble Hall Tin Project	Section 102 license to extend license area	H2 2014*
		Maiden JORC Resource Statement	2015
		Scoping Study	2015

* Timing subject to further regulatory processes.

Fortune Mojapelo, CEO of Bushveld Minerals, said: "A key priority of Bushveld, since its admission to AIM in March 2012, has been to maintain regular updates to the market, given the dynamic nature of its activities as a mineral development company with a broad portfolio of interests. In support of transparent disclosure to all stakeholders, we provide these new target dates for communicating key upcoming developments across our project platforms, based on operational progress during the last six months. While there are delays expected, they result from factors beyond the control of the Company, or the need to incorporate recent developments in the project, such as the potential acquisition of the Zaaiplaats tailings project. As a management team, we remain confident in the fundamentals of each of our projects and our approach to their development. We look forward to updating the market accordingly."

Enquiries: [e-mail]

Bushveld Minerals Fortune Mojapelo	[phone]
Strand Hanson Andrew Emmott	[phone]
Fox Davies Jonathan Evans	[phone]
RFC Ambrian Jonathan Williams	[phone]
Tavistock Communications Jos Simson/ Nuala Gallagher	[phone]
Tielle Communications Stéphanie Leclercq	[phone]

- ENDS -

Notes to the editor

Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore and tin assets in Southern Africa. The Company owns the Bushveld Iron Ore Project, Bushveld Vanadium Project and Mokopane Tin Project, all located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling 52.22% interest in Lemur Resources (ASX: LMR), that owns the Imaloto coal project in Madagascar.

Bushveld was admitted to the AIM Market of the London Stock Exchange in March 2012.

 

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