Rambler Ships More High Grade Copper Concentrat...
FOR: RAMBLER METALS & MINING PLC
TSX VENTURE SYMBOL: RAB
AIM SYMBOL: RMM
May 29, 2013
Rambler Ships More High Grade Copper Concentrate, Over 18,000 Wet Metric Tonnes Delivered to Date
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwired - May 29, 2013) - Rambler Metals and Mining plc
(TSX VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') is pleased to announce that approximately 6,112 wet metric
tonnes ('wmt') of copper concentrate has been shipped to international markets from the Company's bulk storage facility
in Goodyear's Cove, NL Canada. The Company's own sampling estimates an average grade of 28.23% copper, 6.57 g/t gold and
49.62 g/t silver.
This is the third shipment as part of the off-take agreement with Transamine Trading SA ('Transamine') and brings the
total to just over 18,000 wmt since first concentrate production in late May 2012.
Since the initial start in May 2012 the Company has been constantly optimizing production through the Nugget Pond
milling facility with recoveries over the past eight weeks nearing 95%, from an average head grade of approximately 4.5%
copper. During this same period nearly 80 wmt of copper concentrate was produced per day with some peak days of 115 wmt
of concentrate or 30 tonnes of copper metal. Coupled with the above average production levels the mine has also seen a
number of significant advancements over recent months including the breakthrough of the 1807 ramp system and the
completion of a number of exploration headings. Despite the fluctuations in base and precious metal pricing the
operation continues to be profitable.
Following the shipment the Company still has over 759 wmt of concentrate in storage at its Goodyear's Cove Facility.
George Ogilvie, President and CEO of Rambler, commented:
"The continuing shipment of copper concentrate demonstrates our ability to produce and we are extremely pleased to see
further progress and optimization of our mine and mill. Realizing first profit and free cash flow from operation in
fiscal Q2 we are confident that the production can be maintained over the fiscal Q4 period with over 20,000 tonnes of
high-grade ore in drilled and blasted inventory waiting to be processed.
In addition, an exploration campaign to test the up-dip extension of the 1807 zone has intersected high-grade
mineralisation. We are currently assessing the information to determine whether new stoping blocks can be added. In
conjunction an exploration development drift at the bottom extent of the 1807 zone will soon be in place whereupon it is
our intention, in June, to begin exploring down-plunge of the ore body. Initially with the goal of converting inferred
mineralisation to the measured and indicated category followed by pure exploration. Our overall goal is to continue
adding to the mineable reserve and thus extend the life of mine.
We shall release additional information as results become available."
Website: www.ramblermines.com
Larry Pilgrim, P.Geo., is the Qualified Person responsible for the technical content of this release and has reviewed
and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and Mining plc.
Tonnes referenced are dry metric tonnes unless otherwise indicated.
Caution Regarding Forward Looking Statements:
Certain information included in this press release, including information relating to future financial or operating
performance and other statements that express the expectations of management or estimates of future performance
constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements
regarding the financial strength of the Company, estimates regarding timing of future development and production and
statements concerning possible expansion opportunities for the Company. Where the Company expresses or implies an
expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed
to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors,
which could cause actual results to differ materially from future results expressed, projected or implied by such
forward-looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and
geophysical results; estimates regarding timing of future capital expenditures and costs towards profitable commercial
operations. Other factors that could cause actual results, developments or events to differ materially from those
anticipated include, among others, increases/decreases in production; volatility in metals prices and demand; currency
fluctuations; cash operating margins; cash operating cost per pound sold; costs per ton of ore; variances in ore grade
or recovery rates from those assumed in mining plans; reserves and/or resources; the ability to successfully integrate
acquired assets; operational risks inherent in mining or development activities and legislative factors relating to
prices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements
contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-
looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to
update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other
documents whether as a result of new information, future events or otherwise, except as required under applicable
securities law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-800-1929 or 709-800-1921
OR
Rambler Metals & Mining Plc
Corporate Office
+44 (0) 20 8652-2700
+44 (0) 20 8652-2719 (FAX)
www.ramblermines.com
OR
Cantor Fitzgerald Europe
Stewart Dickson / Jeremy Stephenson
+44 (0) 20 7894 7000
OR
Pelham Bell Pottinger
Marcin Zydowicz
+44 (0) 20 7861 3921
OR
Ocean Equities Limited
Guy Wilkes
+44 (0) 20-7786-4370
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Rambler Metals & Mining Plc