Mining Contractor Selected & Mobilisation Commencing
Perth, Jan 30, 2015 AEST (ABN Newswire) - ABM Resources NL (
ASX:ABU) ("ABM" or "the Company") is pleased to announce that it has selected Resource Mining Pty Ltd (a subsidiary of Titan Plant Hire) ("Resource Mining" or "the Contractor") as the preferred open pit mining contractor for the Old Pirate Gold Project (Twin Bonanza). ABM and Resource Mining are in the process of finalising the contract documentation.
ABM and Resource Mining expect that mobilisation can commence during the first half of February.
ABM's operation team will be mobilising from next week preparing for the arrival of the Contractor.
The first tasks to be undertaken by Resource Mining will be:
- - to upgrade the access road into the site from the Tanami Road;
- - the establishment of the Contractor's infrastructure; and
- - the clearing over the planned mining areas.
This will be followed by first mining and stockpiling of ore approximately 1 month from site establishment. This schedule is subject to change dependent on access issues relating to public road closures caused by the northern Australian wet-season.
Other Operational News
ABM is actively recruiting mining personnel including safety, environmental, mining engineering, survey, mine geology and mineral processing.
ABM is in the process of opening an Alice Springs head-office. A lease has been finalised and the office will open in March 2015.
Darren Holden, Managing Director of ABM, said "With all the appropriate permits in place, we are commencing our mobilisation to Old Pirate shortly. Our team is growing and we look forward to starting mining at Australia's next high-grade open pit gold mine. "
About ABM Resources NL
ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
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