21st May 2007 07:02
Weatherly International PLC21 May 2007 Weatherly International plc ("Weatherly" or "the Company") Agreement with Applied Intellectual Capital ("AIC") Weatherly International plc, the AIM-quoted integrated mining group, has enteredan agreement to construct a pilot plant to recover copper, zinc, lead and silverfrom its Tsumeb mine tailings dam in Namibia. Work is due to begin immediately with the plant due on line mid 2008 using anelectrochemical process developed by Everclear Inc, a 60% subsidiary of thesustainable technology group Applied Intellectual Capital. AIC has agreed to pay Weatherly US$4.6 million to construct and develop thefacility for a 50% interest in a Joint Venture with the right to process the15,000,000 tonnes of Tsumeb tailings, which contain unrefined copper, zinc, leadand silver. Weatherly Chief Executive Rod Webster said: "This agreement marks another stepforward for Weatherly and underscores the scope of resources available to thecompany through its extensive operations in Namibia". The Tsumeb tailings dam is one of a large number of dumps owned by Weatherly inNamibia, all known to contain considerable quantities of copper, lead and zinc.It has a historical resource of 15 million tonnes grading 0.46% copper, 0.9%lead. For further information contact: John Norris, Weatherly International plc: +44 (0) 20 7917 2989 +44 (0) 7929 778 251 Jonathon Flory / Stephen Pickup, Libertas Capital: +44 (0) 20 7569 9650 Allan Piper, First City Financial Public Relations: +44 (0) 20 7242 2666 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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