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PERTH, Western Australia, July 6 /CNW/ -
As scheduled Adamus' Metso Nordberg crusher has been delivered to site and is in secure storage awaiting installation. The C140 Single Toggle Jaw Crusher, driven by a 200kw motor will weigh in at 46 tonnes fully assembled.
It travelled well and without incident.
SAG MILL SHIPPED
Again as scheduled, Adamus' completed Outotec Semi Autogenous Grind ("SAG") mill shell was last week loaded for shipping from Sweden to Ghana.
Outotec Grate Discharge SAG Mill - 5.5M x 7.32EGL (EGL means effective grinding length) with 3500Kw installed power will be capable of processing at a rate of up to 2.1mtpa of ore when fed soft oxide material for the first few years and will have a minimum throughput of 1.6mtpa on the harder Anwia sulphide ore scheduled towards the end of the project. Adamus expects to average 2.0mtpa throughput or better with blended ore types.
The ship is expected in Ghana late July. The mill heads, gears and ancillary items are to follow prior to installation.
It is planned that the crusher and SAG mill will be installed to their site foundations at the same time using a 270t crane. Optimising craneage, it is planned that top-of-tank steel will also be craned into position at this time.
Adamus remains on-track to pour gold in approximately 6 months time during Q1 2011.
Adamus Resources Limited is a Perth-based mineral exploration company, listed on Australian Securities Exchange (ASX), TSX Venture Exchange (TSX-V) and Frankfurt Stock Exchange Open Market (FSE).
The Company's primary focus is on exploring, realising and expanding the economic potential of the Southern Ashanti Gold Project in Ghana, West Africa. The Project encompasses approximately 665km(2) of tenure in the Ashanti Gold Belt - host to over 100moz of gold and the Project boasts excellent access to port and road infrastructure. Ghana is a stable West African country with a long history and some of the world's largest gold mining operations. Gold production is vital to the national economy. Members of the Adamus Board and management team have proven records in mineral exploration, project development and project financing.
ADAMUS RESOURCES LIMITED
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Information.
Certain statements included in this announcement, including information regarding Adamus' plans with respect to its mineral properties, constitute forward-looking information. Forward-looking information includes, among other things, statements regarding expected operations. Forward-looking information is based upon a number of estimates and assumptions made by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances. While these estimates and assumptions are considered reasonable by the Company, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Investors are cautioned that forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein. Forward-looking information is made as at the date of this announcement and the Company disclaims any intent or obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise.
For further information: For further information: please see our website: www.adamusresources.com.au or contact: Mark Bojanjac, Managing Director/CEO, +61 8 9322 5943, email: firstname.lastname@example.org; Mark Connelly, Executive Director/COO, +61 8 9322 5943, email: email@example.com; For media enquiries contact: Brian Thornton, Farrington National, +61 2 9332 4448, email: firstname.lastname@example.org