Barruecopardo Permitting

RNS Number : 0583Z

Ormonde Mining PLC

03 February 2014

 



03 February 2014

Ormonde Mining plc

("Ormonde" or "the Company")

Barruecopardo Permitting - Environmental Impact Declaration Approval

The Board of Ormonde is very pleased to provide an update on further progress in connection with permitting of its flagship Barruecopardo Tungsten Project in Salamanca, Spain ("Barruecopardo" or "the Project"),

Saloro SLU ("Saloro"), the Company's wholly-owned subsidiary which is developing Barruecopardo, has now received formal written notification from the Regional Environmental Department in Castilla y Leon of the granting of the Environmental Impact Declaration ("EID") for the Project.  The EID for the Barruecopardo Project contains a positive finding, stating that the Project as proposed by Saloro is, from an environmental perspective, approved in so far as Saloro complies, inter alia, with the conditions presented in its Environmental Study and Restoration Plan.

This EID is in effect the environmental permit for the Project without which the Mining (Exploitation) Concession cannot be granted by the Director General for Energy and Mines. 

Kerr Anderson, Ormonde's Managing Director, commented:

"The granting of the Environmental Impact Declarationis the final step from the regional environmental authorities in their approval process for the development of a tungsten mine at Barruecopardo.  Receipt of the positive EID paves the way for the Regional Mines Department to be able to issue the Mining Concession for the Project.

The accomplishment of this major milestone validates the meticulous approach taken by Ormonde to secure the permitting of the Project, and we are delighted to secure the EID which is a key landmark in the Company's plans to develop one of Europe's largest tungsten mines at Barruecopardo."

Kerr Anderson PhD EurGeolPGeo, Managing Director of Ormonde, and a qualified person as defined in the Note for Mining, Oil and Gas Companies, June 2009, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement.

Enquiries to:

Ormonde Mining plc

Kerr Anderson, Managing Director  Tel: [phone]

Bankside Consultants

Simon Rothschild  Tel: [phone]   Mob: [phone]

Murray Consultants

Ed Micheau  Tel: [phone]  Mob: [phone]

Davy (Nomad / ESM Adviser)

Eugenée Mulhern / Roland French  Tel: [phone]

A glossary explaining technical terms contained in this announcement can be found at www.ormondemining.com/en/investors/technical_glossary.

For more information please visit www.ormondemining.com or follow Ormonde on Twitter https://twitter.com/ormondemining or Linkedin http://www.linkedin.com/company/ormonde-mining-plc

ENDS

About Ormonde

Ormonde Mining Plc is admitted to trading on the AIM market in London and the ESM market in Dublin. Ormonde is a mineral development and exploration company focused on Spain (Ticker: ORM).

Ormonde's key activities include:

Barruecopardo Tungsten- Ormonde is developing a low cost mining operation at Barruecopardo to become a major, secure European supply of tungsten.

Gold Exploration in several highly prospective areas of western Spain which includes its joint venture agreement with Aurum Mining plc (AIM: AUR), where Ormonde currently has a 40% interest in the Pino de Oro project in the Zamora Province and a 46% interest in the Peralonso and Cabeza projects in Salamanca Province of western Spain.  Ormonde is Manager of the Joint Venture.

La Zarza Copper - polymetallic massive sulphide deposit in the prolific Iberian Pyrite Belt of southern Spain.

 

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