Califórnia, Eduardo Mendes & Calça Frouxato be brought into production
LONDON, Sept. 10, 2018/CNW/ - Meridian Mining SE (TSXV: MNO) ("Meridian" or the"Company") today announced that it has been granted a Guia de Utilização permit No. GU nº 19/2018 (the "GU") by the National Department of Mineral Production ("DNPM"), valid until 19th of May 2020, Fig 1.The GU allows for the extraction 6,000t of Mn oxide concentrate per annum fromthe exploration license that covers the Califórnia / Eduardo Mendes/ Calça Frouxa prospects. These prospects have been partially mined for colluvialmaterial in the past. Via the GU, the remaining colluvial and vein material maynow be extracted.
The prospective areas forcolluvial and saprolite vein Mn oxide mineralisation are also centred on the existing pre-screening facility at the Califórnia prospect. To further reduce cost, a second pre-screening plant will be mobilised to the Eduardo Mendes area.
Mr Clark, Interim CEO & President, states, "The Espigão team has achieved a great result in opening up another key area for extraction. Located in the northeast of the Espigão Project, the Califórnia material once extracted will be first pre-screened on site. This results in a ~75% reduction in the volume of material to be trucked to the plants and then processed; for the same volume of concentrate. The Company is now moving towards 100% pre-screening of all manganese material mined.
The technical informationabout the Company's exploration activity has been prepared under the supervision of and verified by Dr. Adrian McArthur (B.Sc. Hons, PhD. FAusIMM),the Chief Geologist of Meridian Mining, who is a "qualified person" within the meaning of National Instrument 43-101.
On behalf of the Board of Directors of Meridian Mining SE
Interim CEO, President andDirector
Meridian Mining SE is focused on the acquisition, exploration, development and mining activities in Brazil. The Company is currently focused on exploring and developing theEspigão manganese and gold projects, the Bom Futuro tin JV area, and adjacent areas in the state of Rondônia. Meridian is currently producing high grade manganese at its project located at Espigão do Oeste.
Some statements in this newsrelease contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company's plans for exploration and development of its properties and potential mineralization. These statement saddress future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results,performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks,title matters, inability to obtain any required third party consents, operating hazards, metal prices, political and economic factors, competitive factors,general economic conditions, relationships with strategic partners,governmental regulation and supervision, seasonality, technological change,industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
The Company cautions that it has not completed any feasibility studies on any of its mineral properties, and no mineral reserve estimate has been established. In particular, because the Company's production decision relating to Meridian Mineraçao Jaburi S.A,manganese project is not based upon a feasibility study of mineral reserves,the economic and technical viability of the Espigão manganese project has notbeen established.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.