Construction Permits Received for Nugget Pond and Ming Mine Shaft


London, England & Baie Verte, Newfoundland and Labrador - Rambler Metals and Mining PLC (RMM) is pleased to announce that it has received permission from the provincial government to proceed with construction at the Nugget Pond Mill and Mine Shaft for the Ming Copper Gold Mine Project on the Baie Verte Peninsula, Canada.

Update Highlights

• Construction permits awarded for Nugget Pond and Mine Shaft Manway Rehabilitation.
• Construction packages have been issued with award pending. Construction anticipated beginning in late August 2010.
• Feasibility study received and under final review.
• Commencement of ore trucking to Nugget Pond for toll milling.

Project Permitting and Construction

Early in July 2010 Rambler submitted its Development and Rehabilitation and Closure Plans for the Nugget Pond Mill expansion and the second means of egress for the Ming Mine, both of which are on the critical path for construction. On August 4th 2010 Rambler was notified by the provincial government that its plans were accepted and that construction could begin for these components of the project.

Tender packages for the construction at the Nugget Pond Mill facility have been issued with award and contractor mobilization expected before the end of August 2010.  Equipment for the copper flotation circuit has also started to arrive on site and will continue to do so over the coming weeks. Construction of the building and copper flotation circuit is expected to last 10 months with commissioning in June 2011.

Rambler has received a number of proposals from shaft contractors for rehabilitation of the shaft manway; which will act as the second means of egress while the mine is in production. The contract will be awarded in the near future with work expected to begin in Q4, 2010.

Following the completion of the Feasibility Study Rambler will submit the full Development, Rehabilitation and Closure and Environmental Protection Plans for the mine and port sites.  Construction for these portions of the Project is expected to begin before the end of Q4 2010, with their completion date in line with the commissioning of the mill.

Progress of NI43-101 Feasibility Study

The Project’s NI43-101 Feasibility Study is nearing completion and is currently under review by its independent third party consultants. The headline results will be publically released in August 2010 with the full technical report being filed within 45 days thereafter. With early construction approval from the provincial government the feasibility release delay has not impacted the permitting or construction schedule.

The Feasibility Study will include an updated NI43-101 resource statement.  Since its last resource statement in February 2009, Rambler’s geological team has been evaluating the pillars and un-mined areas left over from previous operations.  This combined with an improved copper grade cut-off for the Lower Footwall Zone will significantly improve the measured and indicated resource estimate for the Ming Mine.  While none of the Lower Footwall Zone resources have been considered in the current economic plan the Company believes that once the Ming Mine is back in operation the potential of these and other zones can be developed further.


Toll Milling Agreement – Update

Following the press release of August 4th, 2010 the Company is pleased to report that first ore from the Stog’er Tight gold deposit is being trucked to the Nugget Pond Mill.  Tenacity Gold Mining Co. Ltd plans to stockpile ore both at the mine site and mill site so that processing can continue uninterrupted upon mill start-up.  The toll milling campaign is anticipated to begin at month end and will continue over the coming months.

George Ogilvie, President and CEO commented;“The Company is quickly advancing towards full commercial production in 2011.  The award of several construction permits and with construction commencing before winter, we are confident that all foundation work and building enclosing can be completed in a timely and cost effective manner. 
The Company continues to be encouraged by the supply deficit in the copper concentrate markets and  forecasts for copper commodity prices in 2011 and beyond appear good as demand returns in North America and Europe. Rambler also has confidence in the gold price which further benefits the economics of the Company.”