viewRambler Metals and Mining PLC

Rambler achieves record throughput at Nugget Pond

The record comes as Rambler is completing a programme of upgrades to the project, AIM

Copper production at Ming is increasing

Rambler Metals and Mining PLC (LON:RMM)(CVE:RAB) processed 33,870 tonnes of ore from the Ming Mine through the Nugget Pond mill in November, averaging 1,221 metric tonnes per day during operational hours, a new record.

For seventeen days the plant ran as high as 1,260 mtpd.

READ: Rambler Metals hits more high grade copper in Lower Footwall Zone at Ming

Meanwhile, at the mine itself, ore delivered to surface averaged 1,140 mtpd during the month. The plan is to produce an average of 1,125 mtpd during December and January as the company completes final upgrades to the ventilation system, which will in turn allow for increased activity and faster clearing times in the mine.

Recovery of metal to concentrate was in line with expectations at 96.4% and 61.2% for copper and gold respectively. The company produced 1,376 dry metric tonnes of concentrate containing saleable metal of 374 tonnes of copper and 449 ounces of gold.

Rambler also remains on target to hit record quarterly mill throughput for the fourth quarter.

READ: Rambler Metals expects production rebound in November

"There has been a significant amount of work completed at the Ming Mine and Nugget Pond mill following the expansion financing completed in June, 2016,” said Rambler chief executive Norman Williams.

“While mine development itself was initially slower than anticipated, the team has been successful in improving its performance in a short period of time and is now operating at nearly double its previous throughput rate of 650 mtpd.  We are now turning our attention to increasing the grade of mill feed while maintaining the 1,250 mtpd rate.”


Quick facts: Rambler Metals and Mining PLC

Price: 0.33 GBX

Market: AIM
Market Cap: £35.25 m

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