/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES./
LONDON, UK, May 8, 2013 /CNW/ - Afferro Mining Inc. ("Afferro" or the
"Company") the TSX-V / AIM listed iron ore exploration and development
company, is pleased to announce that the annual and special meeting of
the shareholders of the Company will be held at Burleigh House, 355-359
Strand, London, WC2R 0HS, United Kingdom, on Thursday, 13 June 2013 at
11:00 a.m. (London, UK time) and has today filed its notice of meeting,
information circular and other annual and special meeting materials on www.sedar.com. The annual accounts for the year ended 31 December 2012 have been
distributed to those shareholders that have requested to receive a hard
copy. An electronic copy of the notice of meeting, information circular
and annual accounts for the year ended 31 December 2012 is available on
the Company's website at www.afferro-mining.com.
About Afferro Mining Inc.
Afferro is an established exploration and development company listed on
the TSX-V (AFF) and AIM (AFF). Afferro's portfolio includes the 100%
owned Nkout, Ntem and Akonolinga iron ore projects. It also holds a 70%
interest in the Ngoa project, an exploration target bordering Nkout.
All projects are subject to government rights. Nkout has a National
Instrument 43-101 ("NI 43-101") compliant Indicated Mineral Resource
Estimate of 1.19Bt at 32.9% Fe and an Inferred Mineral Resource
Estimate of 1.33Bt at 30.3% Fe. In addition Nkout has a NI 43-101
compliant Preliminary Economic Assessment ("PEA") which indicates that
the project is economically viable. Ntem comprises a NI 43-101
compliant Indicated Mineral Resource Estimate of 39.1Mt at 34.0% Fe and
an Inferred Mineral Resource Estimate of 76.4Mt at 34.2% Fe. The
Company had cash, cash equivalents and short-term deposits totaling
$89m on the 31 December 2012 and is fully funded for at least the next
Howard Baker (MAusIMM(CP)) has 19 years' experience in the mining
industry and 10 years' experience in the exploration, definition and
mining of iron ore mineral resources. Mr Baker is a full-time employee
of SRK, an independent consultancy, and has sufficient experience which
is relevant to the style of mineralisation and type of deposit under
consideration, and to the type of activity which he is undertaking to
qualify as a Qualified Person in accordance with National Instrument
43-101 and a Competent Person as defined in the June 2009 Edition of
the AIM Note for Mining and Oil & Gas Companies. Howard Baker consents
to the inclusion in the announcement matters relating to the geology,
exploration results and mineral resources in the form and context in
which it appears and confirms that this information is accurate and not
false or misleading.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accept responsibility for the adequacy or accuracy of this release.
SOURCE: Afferro Mining Inc.
For further information:
Afferro Mining Inc.
Luis da Silva / Jeremy Cave
Tel: +44 (0) 20 7010 7680
Nominated Adviser: Neil Elliot
Corporate Broker: Chris Sim
Tel: +44 (0) 207 597 5970
RBC Capital Markets
Joint Broker: Martin Eales / Richard Hughes
Tel: +44 (0) 20 7653 4000
Pelham Bell Pottinger
Daniel Thöle / James MacFarlane
Tel: +44 (0) 20 7861 3232