Walbrook PR appointed as financial PR to EMED Mining
Walbrook PR has been appointed by EMED Mining Public Limited (the "Company") (AIM: EMED), the Europe-based minerals development and exploration company, to manage communications with the financial media, research analysts and investors.
EMED Mining is focused on the planning and permitting for the restart of its wholly-owned Rio Tinto Copper Project, with its existing processing plant and other infrastructure already in place.
With mining rights now granted, it is focusing on developing on site mining operations with a view to achieving production as quickly as possible (subject to receiving all the necessary further licences and raising the necessary finance).
With an established reserve of 123Mt @ 0.49% Cu (606 kt of contained Cu) and infrastructure in place, resuming production at the Rio Tinto Copper Project will be relatively low cost and near term. Targeting a first stage base case production of 5mtpa in 2015, the Company will focus on ramping up production and growing the already established reserve base.
The Rio Tinto Copper Project is located on the world's largest volcanogenic massive sulphide ("VMS") system. The initial focus will be on the Cerro Colorado Pit with further growth opportunities coming from the development of the San Dionisio and San Antonio Mines.
Nick Rome, Senior Associate of Walbrook PR commented: "EMED Mining's Rio Tinto Copper Project is an extremely well known and historic site, which the Company is moving ever-closer to re-opening.
"Having personally worked with the Company for over five years the team here at Walbrook is looking forward to working closely with the Company as it focuses on on-site development and preparations to re-commence production. �With an established reserve base and key permits now in place this is an exciting stage of development for the Company."