Announcement Date: 2021-12-21
Announcement Type: Deposit Estimation
Announcement Code: (no Code)
Company name: Rambler Metals and Mining Plc
Project name: Ming Mine
Location: Canada
Commodities: Copper
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: London, England & Newfoundland and Labrador, Canada – Rambler Metals and Mining plc (AIM: RMM) (“Rambler” or “the Company”), a copper and gold producer, explorer and developer is pleased to announce an update to copper contained in its Mineral Resources Estimate and operations at the Ming Copper-Gold Mine, located in Eastern Canada. The updated resource estimate, depleted by production through December 8, 2021, includes 23.663 million tonnes of Measured and Indicated Resources grading 1.81% copper, containing 944 million pounds (428,113 tonnes) of copper. This represents a 5% increase in contained copperrelative to the previousresource estimate declared in May 2021, after mining depletion (see Table 1). Gold and silver assays from 2021 are unavailable as of December 20, 2021, due to an industrywide shortage of third party assay lab capacity versus samples submitted for precious metal assay from mining and exploration companies. Therefore, this resource update is for copper only. Rambler will update the resource (and reserves) again when precious metal assays are received.
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