16th Oct 2007 07:00
Albidon Limited16 October 2007 Level 1 62 Colin St West Perth 6005ALBIDON LTD Western Australia ARBN 107 288 755 Tel: +61 8 9211 4600 Fax: +61 8 9211 4699 Email: [email protected] ASX Code: ALB AIM Code: ALD 16 October 2007 Market release via electronic lodgement BYRNECUT ENGAGED AS MINING CONTRACTOR FOR MUNALI NICKEL PROJECT HIGHLIGHTS • Byrnecut Mining International Limited - Zambia Branch has been engaged as the mining contractor for the Munali Nickel Project. • Byrnecut will expedite underground mine development at Munali to reach initial production in mid 2008. Munali Nickel Project ("Munali") Munali (100% Albidon) is located approximately 60 kilometres south of Zambia'scapital city, Lusaka. The Project area comprises the Enterprise deposit and anumber of other nickel prospects in the Munali Intrusion, the most advanced ofwhich is the Voyager prospect along strike to the north of Enterprise. Byrnecut Mining International Limited ("Byrnecut") is one of the largestunderground mining contractors in the world with an extensive fleet of miningequipment and a very experienced mining team. Byrnecut is an experienced andsuccessful operator at similar projects in Australia, Africa, Asia, Europe andthe Americas. Byrnecut will be focusing on expediting underground development inthe coming months to ensure ore production in time for planned first deliveriesof concentrate in mid 2008. The contract term is for a period of approximately three years and involves thesupply and management of a full underground mining service. Byrnecut Mining Byrnecut was established in 1987 and has grown into a group that employs over1,700 people operating a large fleet of specialised underground miningequipment. Contract works include long-term mine development and productioncontracts, supplying management, labour, equipment and materials, raisedrilling, boxhole boring, shaftboring and shotcreting. These activities coverboth gold and base metals operations. Byrnecut has developed project management expertise and support systems whichare capable of handling a variety of mining projects from initial feasibility tofinal production. In 1999, Byrnecut established an international division tocontinue the expansion of the company. If you have any queries please contact the Chief Financial Officer, Nicholas Dayor Managing Director, Dale Rogers on +61 8 9211 4600 or email [email protected]. Albidon's nominated adviser is RFC Corporate Finance Ltd, contact Stephen Allen +61 8 9480 2500. Additional information may also be viewed on Albidon's website atwww.albidon.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ALD.L