Melbourne, Jan 31, 2012 (ABN Newswire) - Celamin Holdings NL (
ASX:CNL) is pleased to provide a quarterly report for the period ended 31 December 2011.
HIGHLIGHTS
Chaketma - Positive Exploration Results Reported
Drilling results include:
- CDHH-2011-003 : 24 metres at 19.8% P2O5 - CDHH-2011-008 : 23 metres at 21.6% P2O5
- CDHH-2011-002 : 20 metres at 21.2% P2O5
Historic trench results:
- T6 : 39 metres at 22.4% P2O5
- T9 : 27.5 metres at 21.8% P2O5
- T1 :18 metres at 20.8% P2O5
- Well located 210 Kilometres from Export port
- Access to existing well located infrastructure and services;
- Positive Government and Community support at all levels;
- Attractive investment terms (5-year tax holiday) also applicable to BEA
Bir El Afou (BEA)
- Maiden Inferred Resource of 29Mt at 11.1% P2O5 at 7.5% P2O5 cutoff grade;
- High grade 30% P2O5 phosphate rock concentrate achievable at 150 micron grind;
- Additional exploration targets potential for 115 to 175 million tonnes phosphate at Kef Rebiba, BEA Blocks D, E, F and Majuoba;
- Good potential to increase grade, tonnage and improve mining factors during Delineation Phase;
- The major findings of the BEA PFS are applicable to the Chaketma Project, which has similar geology, mining, processing and infrastructure requirements;
- Access to existing well located infrastructure and services;
- BEA and Chaketma Projects could share process and infrastructure facilities reducing capital cost
To view the complete Celamin Holdings Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-CNL-368518.pdf
ASX:CNL) is pleased to provide a quarterly report for the period ended 31 December 2011.HIGHLIGHTS
Chaketma - Positive Exploration Results Reported
Drilling results include:
- CDHH-2011-003 : 24 metres at 19.8% P2O5 - CDHH-2011-008 : 23 metres at 21.6% P2O5
- CDHH-2011-002 : 20 metres at 21.2% P2O5
Historic trench results:
- T6 : 39 metres at 22.4% P2O5
- T9 : 27.5 metres at 21.8% P2O5
- T1 :18 metres at 20.8% P2O5
- Well located 210 Kilometres from Export port
- Access to existing well located infrastructure and services;
- Positive Government and Community support at all levels;
- Attractive investment terms (5-year tax holiday) also applicable to BEA
Bir El Afou (BEA)
- Maiden Inferred Resource of 29Mt at 11.1% P2O5 at 7.5% P2O5 cutoff grade;
- High grade 30% P2O5 phosphate rock concentrate achievable at 150 micron grind;
- Additional exploration targets potential for 115 to 175 million tonnes phosphate at Kef Rebiba, BEA Blocks D, E, F and Majuoba;
- Good potential to increase grade, tonnage and improve mining factors during Delineation Phase;
- The major findings of the BEA PFS are applicable to the Chaketma Project, which has similar geology, mining, processing and infrastructure requirements;
- Access to existing well located infrastructure and services;
- BEA and Chaketma Projects could share process and infrastructure facilities reducing capital cost
To view the complete Celamin Holdings Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-CNL-368518.pdf
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About Celamin Holdings NL
Celamin Holdings NL (ASX:CNL) is an ASX listed company focused on the exploration and development of resource projects in North Africa initially in Tunisia and Algeria.
Through Celamin Ltd (Celamin), the Company's immediate focus is the Bir El Afou Phosphate project held in partnership with local company Tunisian Mining Services SA (TMS). A pre feasibility study targeted on a high grade, low cost Stage 1 mine development is expected to be completed by end September 2011. The Company has currently targeted first mine production by the end of 2013.
Celamin also holds another Phosphate exploration permit in Tunisia with TMS (Chaketma). This project has larger target potential than Bir El Afou. The Company1s development plan is for a sequential staged development depending on market conditions once Bir El Afou Stage 1 is in production.
Celamin has also acquired rights to several base metal tailings Projects in Tunisia with TMS and is farming in to an Exploration Permit with base metal (Pb/Zn) targets.
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