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Ormonde MiningAnnouncement

06/09/2014 16:32

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RNS Number : 2819M
Ormonde Mining PLC
15 July 2014 
 
15 July 2014 
 
Ormonde Mining plc 
 
("Ormonde" or "the Company") 
 
Barruecopardo Permitting Update 
 
The Board of Ormonde provides the following update on progress in connection
with permitting of its flagship Barruecopardo Tungsten Project in Salamanca,
Spain ("Barruecopardo" or "the Project"). 
 
In its press release of 29 April, 2014, Ormonde advised that the Authorities
in Castilla y Leon had indicated that while the processing of the
documentation for the mining concession was in its final stages, a legal
review of the historic mining concessions (Barruecopardo was last operated in
the 1980's) was required to be completed, with the conclusion of the
permitting process anticipated in late June-July. 
 
Ormonde has now been advised that in the legal review to-date, the Authorities
have not identified any concerns in relation to the cancellation of the
historic mining concessions and it understands that the review has now been
largely completed.  However, a final formal request has been made by the
Authorities to obtain comment from the owners of the historic cancelled
concessions in relation to the cancellation process, no response having been
received in relation to its initial request.  A short additional time is
required for this step before the review can be completed and the new mining
concession issued to Ormonde. 
 
Kerr Anderson, Ormonde's Managing Director, commented: 
 
"Although this additional procedural step has been required to be completed
prior to finalisation of the permitting process and the issuance of the new
Mining Concession, we recognise, through communication with the Authorities,
the importance which they place on the correct legal issuance of the new
mining permit and of the continued support for the Project at all levels of
the local, provincial and regional governments in Spain." 
 
Enquiries to: 
 
Ormonde Mining plc 
 
Kerr Anderson, Managing Director  Tel: +353 (0)1 8253570 
 
Bankside Consultants 
 
Simon Rothschild  Mob: +44 (0)7703 167065 
 
Murray Consultants 
 
Mark Brennock  Tel: +353 (0)1 4980300  Mob: +353 (0)87 2335923 
 
Davy (Nomad / ESM Adviser) 
 
Eugenée Mulhern / Roland French  Tel: +353 (0)1 6796363 
 
SP Angel Corporate Finance LLP(Joint Broker) 
 
Ewan Leggat / Katy Birkin  Tel: +44 (0)20 3463 2260 
 
A glossary explaining technical terms contained in this announcement can be
found at www.ormondemining.com/en/investors/technical_glossary. 
 
For more information please visit www.ormondemining.com or follow Ormonde on
Twitter https://twitter.com/ormondemining or Linkedin
http://www.linkedin.com/company/ormonde-mining-plc 
 
ENDS 
 
About Ormonde 
 
Ormonde Mining Plc is admitted to trading on the AIM market in London and the
ESM market in Dublin. Ormonde is a mineral development and exploration company
focused on Spain (Ticker: ORM). 
 
Ormonde's key activities include: 
 
Barruecopardo Tungsten- Ormonde is developing a low cost mining operation at
Barruecopardo to become a major, secure European supply of tungsten. Following
the completion of a Definitive Feasibility Study, the Environmental Permit for
the Project was received in early 2014, followed shortly thereafter by the 
signing of a 5 year offtake agreement with Noble Group, with Noble committing
to purchase 100% of the tungsten produced at the Project during its initial
five years of operation. 
 
Gold Projects in several highly prospective areas of western Spain which
includes its joint venture agreement with Aurum Mining plc (AIM: AUR). 
 
La Zarza Copper - polymetallic massive sulphide deposit in the prolific
Iberian Pyrite Belt of southern Spain. 
 
This information is provided by RNS
The company news service from the London Stock Exchange