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Meridian Mining Gets Mining Licence for 30,000 Tonnes Manganese Concentrate in the Jaburi area

Mining News - Published on Tue, 14 Jan 2020

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Meridian Mining SE announced that the ANM (Agência Nacional de Mineração) has approved a trial mining licence on Jaburi licence 886643/2008 at the Espigão Project. Guia n° 48/2019 was approved for the production of 30,000t of Manganese oxide concentrate per annum, and is valid until 13/09/2021. The notice of approval was published in the Diário Oficial da União on the 23 December 2019. Mr Clark, Interim CEO & President, said "Although the production of manganese has been placed on care and maintenance, the Company has maintained a core operational team for a rapid re-start once the Manganese commodity price increases to commercially viable levels or a boutique contract is signed. Once one of the above conditions has been met, the restart will help support the future activities of the greater Espigão polymetallic exploration program."

Highlights of Jaburi license
It's one of Meridian's highest grade and quality Manganese oxide targets
The Jaburi license is located adjacent to the Jaburi and Rio Madeira plants
The pre-production grade control has been completed prior to C&M

Meridian licence 886643/2008 is located on the southern margin of the Espigão Project Area, and hosts the Jaburi Plant infrastructure. Manganese oxide vein systems are hosted by fine-grained granites in the area. Gabbroic to pyroxenitic intrusive stocks and dykes locally cut the granite basement. Mineralized structures typically trend east to east-north-east, and are cut by north-west trending cross faults. The licence area straddles the hinge zone to the deep-seated boundary fault separating younger sediments of the Pimenta Bueno graben to the south from the crystalline basement to the north.

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Posted By : Rabi Wangkhem on Tue, 14 Jan 2020
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