Celamin Holdings Ltd Stock Market Press Releases and Company Profile
Quarterly Activities Report
Quarterly Activities Report

Melbourne, Jan 31, 2012 AEST (ABN Newswire) - Celamin Holdings NL (googlechartASX: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

Contact

Celamin Holdings NL
T: +61-3-9692-7222
F: +61-3-9529-8057
http://www.celaminnl.com.au



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