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(AXM.L) Alexander Mining PLC Buy/Sell

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Date/Time	Headline	Source
1
30-09-09	Alexander Mining PLC - Interim results - six months ended 30 June 2009	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 8682Z Alexander Mining PLC 30 September 2009 30 September 2009 Interim Results for the six months ended 30 June 2009 Alexander Mining plc ("Alexander", the "Company" or the "Group"), the AIM-listed mining and mineral processing technologies company, announces its interim results for the six months ended 30 June 2009. Highlights * Agreement with RPT Resources to develop mining projects with MetaLeach's proprietary leaching technologies. * Several multinational companies are assessing the Company's leaching technologies. Included in the above are companies which have significant interests in the African copper belt (Zambia and the Democratic Republic of the Congo) and Southern Africa. This is becoming a focus as a result of advances made in using AmmLeach� to process copper/cobalt ores. * A notable amount of activity with other mid and small size mining companies continues, including involvement in distressed mining situations where Alexander's leaching technology could make a significant difference to the economic prospects of these situations. * Filing of AmmLeach� supplementary patents as research and development work progresses. * Based upon recent testwork the potential applicability of AmmLeach� has expanded to include some nickel laterites, with the potential for significant cost savings compared to conventional nickel processing methods. * The Company is in negotiations about the possible cash sale of its Leon asset in Argentina, which may or may not lead to a transaction. * Cash position totalling �4.18 million at the end of June, with net cash outflow in the period significantly reduced due to closure of the Argentina operations and other cost cutting measures. * The strong recovery in financial markets has been reflected in a sharp rally for metals' prices and a much improved outlook for the global mining industry. Chairman's Review I am pleased to report on Alexander Mining plc's interim results for the six months ended 30 June 2009. MetaLeach During the period, the Company has continued to devote its efforts to the commercialisation of its proprietary MetaLeach� mineral processing technologies. It is gratifying to report that we have made significant progress. Firstly, the major effort in the global licensing of our technology with mining companies and which is aimed at generating a long term royalty stream has made excellent progress. In the course of these activities, confidentiality agreements have been signed with both majors and juniors. In particular, the Company has had significant interest from companies active or interested in the African copper belt (Zambia and the Democratic Republic of the Congo). This is due to the nature of the region's prevailing mineralogy, which is especially suited to AmmLeach�, and important advances made in using AmmLeach� to process copper/cobalt ores. Secondly, the consultancy agreement with RPT Resources ("RPT"), announced on 27 August 2009, to develop mining projects with MetaLeach's proprietary leaching technologies is an excellent way of accelerating the commercialisation of our leaching technology for mutual benefit. It will allow the Company to participate in any future profits and gains via significant equity stakes in suitable properties/projects but with a negligible cost to Alexander. The Company has identified many attractive opportunities in different regions of the world suitable for acquiring direct equity interests in copper and zinc properties and development projects. In turn, RPT brings its valuable financial resources and equity capital markets experience to this exercise and we are already presenting properties, with excellent prospects, for their consideration. Under the agreement, Alexander will be paid a consultancy fee of US$300,000 per annum for information regarding potential mineral properties which may be suitable for the use of MetaLeach's proprietary leaching technologies. RPT can select properties for acquisition and will be responsible for funding initial acquisition costs and the development of a selected property through to commercial production. MetaLeach will provide RPT with technical/testwork services on its normal commercial terms in relation to the application of the leaching technologies to each selected property. MetaLeach will provide a licence for the use of its leaching technologies on the selected property to enable the property to be developed and for commercial production to proceed. RPT and MetaLeach will share profits and gains from a selected property, after crediting RPT with all acquisition and subsequent development costs, in the ratio of 80 per cent. and 20 per cent. respectively. As a result of our research and development activities the Company has filed important AmmLeach� supplementary patents. The Company is advancing discussions with third parties on collaboration to progress the HyperLeach� technology at a minimal cost. An additional opportunity for AmmLeach� has arisen with recent research and development testwork on its applicability for processing some nickel laterites, with the potential for significant cost savings compared to conventional nickel processing methods Financial Review The Company's cash balance at 30 June was �4.18m, with net expenditure in the period reducing from �2.6m in 2008 to �0.7m in 2009. This reduction in expenditure results from the focussing of the Group's activities on the MetaLeach technologies, which is a significantly lower cost business than the cash intensive mineral exploration activities previously undertaken. In Argentina, following the effective closure of our operations, we have realised income for the period from the sale of assets of �86,000. In addition, our costs have fallen to a nominal level, albeit consistent with keeping our licences in good order. Separately, the Company is in negotiations about the possible cash sale of its Leon asset, which may or may not lead to a transaction. Within administration, costs have been reduced wherever possible, such as the decision to prepare only electronic copies of the 2009 interim report, in order that the Group's cash balance can be focused on the commercialisation of the proprietary MetaLeach� mineral processing technologies. Outlook Since the end of the first quarter of the year, world financial markets have rallied strongly, including base metal prices, especially copper, as China adds to its strategic stockpiles. Notwithstanding the serious problems remaining in most Western World economies, the Company believes that the outlook for the international mining industry has greatly improved since the beginning of the year. Accordingly, it is in this environment, together with the excellent progress made to date, and the Company's sound financial health, that we are confident about Alexander's prospects and we look forward to reporting in due course. Finally, as always, I would like to thank the Company's shareholders for their continuing support and our employees, directors, consultants and advisors for their dedicated hard work. Matt Sutcliffe Executive Chairman 29 September 2009 For further information please contact: Martin Rosser Matt Sutcliffe Chief Executive Officer Executive Chairman Mobile: + 44 (0) 7770 865 341 Mobile: +44 (0) 7887 930 758 Alexander Mining plc 1st Floor 35 Piccadilly London W1J 0DW Tel: +44 (0) 20 7292 1300 Fax: +44 (0) 20 7292 1313 Email: mail@alexandermining.com Website: www.alexandermining.com Nominated Adviser and Broker John Prior/Alasdair Younie Arbuthnot Securities Limited, Arbuthnot House, 20 Ropemaker Street, London, EC2Y 9AR Tel: +44 (0) 20 7012 2000 Public/Media Relations Tim Blackstone Britton Financial PR, 62 Britton Street London EC1M 5UY Tel: +44 (0) 20 7251 2544 Mobile: +44 (0) 7957 140 416 Consolidated income statement Six months ended 30 Six months ended 30 Year ended 31 June 2009 June 2008 December 2008 �'000 �'000 �'000 Continuing operations Revenue 95 - 12 Cost of Sales (13) - - Gross Profit 82 - 12 Administrative expenses (558) (897) (1,618) Exploration and development (134) (1,118) (10,575) expenses Research and development (167) (344) (597) expenses Operating loss (777) (2,359) (12,778) Profit on disposal of fixed 84 - 22 assets Exchange gain on liquidation - - 20 of subsidiaries Impairment of available for - - (68) sale financial assets Investment income 20 198 749 Finance costs (79) - - Loss before taxation (752) (2,161) (12,055) Income tax expense - - - Loss for the period (752) (2,161) (12,055) attributable to equity holders of the parent Basic and diluted loss per (0.56)p (1.61)p (8.96)p share (pence) Consolidated statement of other comprehensive income Six months ended 30 Six months ended 30 Year ended 31 June 2009 June 2008 December 2008 �'000 �'000 �'000 Loss for the period (752) (2,161) (12,055) Other comprehensive income Exchange difference on (30) (18) 1,746 translation of foreign operations Gain/(loss) on available for 19 (24) (22) sale investments Total comprehensive income for (763) (2,203) (10,331) the period attributable to equity holders of the parent Consolidated balance sheet As at 30 June 2009 As at 30 June 2008 As at 31 December 2008 �'000 �'000 �'000 Assets Property, plant & equipment 1 132 3 Intangible fixed assets - 7,179 - Available for sale investments 51 98 32 Total non-current assets 52 7,409 35 Other receivables and 156 172 144 prepayments Cash and cash equivalents 4,175 5,809 4,986 Total current assets 4,331 5,981 5,130 Total assets 4,383 13,390 5,165 Equity Issued share capital 13,453 13,453 13,453 Share premium 11,850 11,850 11,850 Merger reserve (2,487) (2,487) (2,487) Share option reserve 695 918 703 Translation reserve 1,359 (375) 1,389 Fair value reserve 19 (2) - Retained losses (20,753) (10,413) (20,048) Total equity 4,136 12,944 4,860 Liabilities Current liabilities Trade and other payables 194 405 211 Provisions 6 - 38 200 405 249 Non-current liabilities Provisions 47 41 56 Total liabilities 247 446 305 Total equity and liabilities 4,383 13,390 5,165 Consolidated statement of cash flows Six months ended 30 Six months ended 30 Year ended 31 December 2008 June 2009 June 2008 �'000 �'000 �'000 Cash flows from operating activity Operating loss (777) (2,359) (12,778) Depreciation and amortisation - 9 15 charge Impairment of property, plant - - 92 and equipment Increase in other receivables (6) (21) (7) and prepayments Decrease in trade and other (58) (298) (329) payables Share option charge 39 31 75 Intangible fixed assets - 742 10,250 written-off or provided for Net cash outflow from (802) (1,896) (2,682) operating activities Cash flows from investing activities Interest received 14 161 254 Interest paid - - - Acquisition of property, plant - (7) (7) and equipment Acquisition of intangible - (911) (1,650) fixed assets Proceeds from sale of 86 - 40 property, plant and equipment Net cash inflow/(outflow) from 100 (757) (1,363) investing activities Net decrease in cash and cash (702) (2,653) (4,045) equivalents Cash and cash equivalents at 4,986 8,442 8,442 beginning of period Exchange differences (109) 20 589 Cash and cash equivalents at 4,175 5,809 4,986 end of period Consolidated statement of changes in equity Share capital Share premium Merger reserve Share option reserve Trans-lation reserve Fair value reserve Retained earnings Total equity �'000 �'000 �'000 �'000 �'000 �'000 �'000 �'000 At 1 January 2008 13,453 11,850 (2,487) 1,005 (357) 22 (8,370) 15,116 Retained loss for period - - - - - - (2,161) (2,161) Exchange difference on - - - - (18) - - (18) translating foreign operations Valuation losses on available - - - - - (24) - (24) for sale investments Total comprehensive income for - - - - (18) (24) (2,161) (2,203) the period attributable to equity holders of the parent Share option costs - - - 31 - - - 31 Share options cancelled in - - - (118) - - 118 - period At 30 June 2008 13,453 11,850 (2,487) 918 (375) (2) (10,413) 12,944 Retained loss for period - - - - - - (9,894) (9,894) Exchange difference on - - - - 1,784 - - 1,784 translating foreign operations Exchange differences - - - - (20) - - (20) recognised in income statement in period Impairment of available for - - - - - 2 - 2 sale investments recognised in income statement in period Total comprehensive income for - - - - 1,764 2 (9,894) (8,128) the period attributable to equity holders of the parent Share option costs - - - 44 - - - 44 Share options cancelled in - - - (259) - - 259 - period At 31 December 2008 13,453 11,850 (2,487) 703 1,389 - (20,048) 4,860 Retained loss for period - - - - - - (752) (752) Exchange difference on - - - - (30) - - (30) translating foreign operations Valuation gains on available - - - - - 19 - 19 for sale investments Total comprehensive income for - - - - (30) 19 (752) (763) the period attributable to equity holders of the parent Share option costs - - - 39 - - - 39 Share options cancelled in - - - (47) - - 47 - period At 30 June 2009 13,453 11,850 (2,487) 695 1,359 19 (20,753) 4,136 Notes to the interim financial information 1. Basis of preparation The interim financial information has been prepared on the basis of the recognition and measurement requirements of International Financial Reporting Standards (IFRS) as adopted by the European Union (EU) and implemented in the UK. The accounting policies, methods of computation and presentation used in the preparation of the interim financial information are the same as those used in the Group's audited financial statements for the year ended 31 December 2008 except for IAS 1 - Presentation of financial statements (revised), the adoption of which is mandatory for 2009. This new standard relates to presentation only. The financial information in this statement does not constitute full statutory accounts within the meaning of Section 434 of the Companies Act 2006. The financial information for the six months ended 30 June 2009 and 30 June 2008 is unaudited. The comparative figures for the year ended 31 December 2008 were derived from the Group's audited financial statements for that period as filed with the Registrar of Companies. It does not constitute the financial statements for that period. Those accounts received an unqualified audit report which did not contain any statement under sections 237(2) or (3) of the Companies Act 1985. 2. Loss per share The calculation of loss per share is based on a loss of �752,000 for the period ended 30 June 2009 (30 June 2008: �2,161,000; 31 December 2008: �12,055,000) and the weighted average number of shares in issue in the period to 30 June 2009 of 134,534,667 (30 June 2008 and 31 December 2008: 134,534,667). There is no difference between the diluted loss per share and the loss per share presented. At 30 June 2009 there were 11,708,333 (30 June 2008: 13,858,333; 31 December 2008: 12,208,333) share options in issue that could have a potentially dilutive effect on the basic earnings per share in the future. 3. Post balance sheet events * On 15 July 2009 the Company cancelled 4,358,333 share options with exercise prices ranging from 17.25p to 30p per share and replaced these with the same number of new share options with an exercise price of 10p per share. At the same time an additional 1,816,667 share options with an exercise price of 10p per share were granted and on 14 August 2009 2,750,000 share options with an exercise price of 30p per share lapsed. Following these changes there are 10,775,000 share options in issue that could have a potentially dilutive effect on the basic earnings per share in the future. * On 27 August 2009 the Company issued 500,000 new ordinary shares of 10p each to settle a liability of �50,000. Following Admission of these shares to trading on AIM the enlarged issued share capital of the Company comprises 135,034,667 ordinary shares of 10p each. This information is provided by RNS The company news service from the London Stock Exchange END IMSKGGZLZLLGLZM More
27-08-09	BRIEF-Alexander Mining in talks on sale of Leon property	AFX UK Focus
LONDON, Aug 27 (Reuters) - Alexander Mining Plc: IN NEGOTIATION ABOUT THE POSSIBLE SALE OF ITS LEON PROPERTY IN ARGENTINA WE ARE MAKING HIGHLY SATISFACTORY PROGRESS ON GLOBAL LICENSING OF TECHNOLOGY ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
27-08-09	Alexander Mining PLC - Operations Update	RNS
RNS Number : 1197Y Alexander Mining PLC 27 August 2009 27 August 2009 Alexander Mining plc ("Alexander" or the "Company") Operations Update Alexander continues to make excellent progress on the commercialisation of its mineral processing technologies, highlights include: * Several multinational companies are assessing the Company's leaching technology. All commercial discussions relating to these companies are subject to confidentiality agreements. * Included in the above are Companies which have significant interests in the African copper belt (Zambia and the Democratic Republic of the Congo) and Southern Africa. This is becoming a focus as a result of advances made in using AmmLeach® to process copper/cobalt ores. * A notable amount of activity with other mid and small size mining companies continues, including involvement in distressed mining situations where Alexander's leaching technology could make a significant difference to the economic prospects of these situations. * Filing of AmmLeach® supplementary patents as research and development work progresses. * Based upon recent testwork, the potential applicability of AmmLeach® has expanded to include some nickel laterites, with the potential for significant cost savings compared to conventional nickel processing methods. * The Company is in negotiation about the possible cash sale of its Leon property in Argentina, which may or may not lead to a transaction. Martin Rosser, CEO of Alexander said: "The global licensing of our technology to generate a long term royalty stream continues to be a business priority and we are making highly satisfactory progress." The Company expects to announce its interim results for the six months ended 30 June 2009 by late September 2009. For further information please contact: `Martin Rosser Matt Sutcliffe` `Chief Executive Officer Executive Chairman` Mobile: + 44 (0) 7770 865 341 Mobile: +44 (0) 7887 930 758 Alexander Mining plc 1st Floor 35 Piccadilly London W1J 0DW Tel: +44 (0) 20 7292 1300 Fax: +44 (0) 20 7292 1313 Email: mail@alexandermining.com Website: www.alexandermining.com Nominated Advisor and Broker Alasdair Younie/John Prior Arbuthnot Securities Limited Arbuthnot House 20 Ropemaker Street London EC2Y 9AR Tel: +44 (0) 20 7012 2000 Public/Media Relations Tim Blackstone Britton Financial PR 62 Britton Street London EC1M 5UY Tel: +44 (0) 20 7242 9786 Mobile: +44 (0) 7957 140 416 Email: tim@brittonpr.com Background notes for editors Alexander, through its wholly owned subsidiary MetaLeach Limited, is solely focused on the commercialisation of its proprietary mineral processing technologies. Alexander has already received test-work payments and the pipeline of amenability test-work programmes is increasing steadily. A major campaign to grow this revenue stream is under way, with the aim of securing future royalties and/or free carried equity interests in attractive base metals projects and/or mines. AmmLeach®, for which patents are pending, has the potential to revolutionise the extraction processes for high acid consuming copper and zinc oxide deposits. The operating cost differential between AmmLeach® and conventional heap leaching treatment methods for high sulphuric acid consuming ores and the AmmLeach® ammonia process is a significant order of magnitude in AmmLeach®'s favour. The AmmLeach® process was developed as a result of Alexander's successful pilot plant demonstration at its Leon copper project in Argentina and subsequent research and development. As well as copper oxides, AmmLeach® has excellent potential for developing a new SX-EW process for producing high purity zinc metal or an intermediate product at the mine. The zinc process has been trialled successfully on a bench scale and larger scale test-work is imminent. The AmmLeach® process leaches common zinc oxide minerals with high extraction efficiencies and offers a potentially economic processing route for many zinc oxide deposits that are currently economically unviable. This information is provided by RNS The company news service from the London Stock Exchange END MSCFGGZRMNFGLZM More
27-08-09	Alexander Mining PLC - Agreement to Develop Mining Projects	RNS
RNS Number : 1167Y Alexander Mining PLC 27 August 2009 27 August 2009 Alexander Mining plc ("Alexander" or the "Company") Agreement to Develop Mining Projects with MetaLeach's Proprietary Leaching Technologies Alexander Mining plc is pleased to report that its wholly owned subsidiary MetaLeach Limited ("MetaLeach") has signed a twelve months commercial agreement with RPT Resources Ltd. ("RPT", listed on the TSX Venture Exchange - code RPT ). The principal features of the agreement are as follows: * RPT to pay MetaLeach a consultancy fee of US$300,000 per annum for information regarding potential mineral properties which may be suitable for the use of MetaLeach's proprietary leaching technologies. * RPT can select properties for acquisition and will be responsible for funding initial acquisition costs and for funding the development of a selected property through to commercial production. * MetaLeach will provide RPT with technical/testwork services on its normal commercial terms in relation to the application of the leaching technologies to each selected property. * MetaLeach will provide a licence for the use of its leaching technologies only on the selected property to enable the property to be developed and for commercial production to proceed. * RPT and MetaLeach will share profits and gains from a selected property, after crediting RPT with all acquisition and subsequent development costs, in the ratio 80 per cent & 20 per cent respectively. * The licence will be at no cost to RPT, but if third parties have an interest in the selected property the licence will contain royalty obligations reflecting the extent of the third party interests. Martin Rosser, CEO of Alexander, said: "We welcome this commercial agreement with RPT as an excellent way of accelerating the commercialisation of our leaching technology for mutual benefit. It allows us to participate in any future profits and gains via a significant equity stake in suitable properties/projects but with a negligible cost to Alexander. We have identified many attractive opportunities in different regions of the world suitable for acquiring direct equity interests in copper and zinc properties and development projects. In turn, RPT brings its valuable financial resources and equity capital markets experience to this exercise and we are already presenting properties, with excellent prospects, for their consideration. Meanwhile, the global licensing of our technology, which is aimed at generating a long term royalty stream, continues to be a business priority, and is progressing well." Under the agreement, which can be mutually extended after twelve months, MetaLeach will provide RPT with information regarding potential mineral properties which may be suitable for the use of MetaLeach's proprietary leaching technologies (in particular its AmmLeach® process), and which could be instrumental in the financially viable development of the properties. RPT will be entitled to select one or more properties in which it wishes to acquire an interest and it will be responsible for funding the initial acquisition costs. RPT will also fund, or be responsible for procuring funding for, the development of a selected property through to commercial production. MetaLeach will assist in the negotiations for the acquisition of an interest in the potential properties. Until RPT has had an opportunity to review the suitability of each of the potential properties, MetaLeach agrees not to provide any information with respect to that potential property to any other company, individual or other entities. In the event that a potential property is not selected for acquisition by RPT within three months, then MetaLeach shall be free to provide details to other parties. MetaLeach is obligated to provide information regarding at least three properties in each of the first and second six months periods of the agreement. In consideration for the property identification service, RPT will pay MetaLeach a consultancy fee of US$300,000 per annum, of which the first US$150,000 is payable on signature of the formal agreement and then payable in equal monthly instalments commencing six months thereafter. MetaLeach will provide RPT with technical assistance services, including conducting testwork, in relation to the application of the leaching technologies to each selected property, on MetaLeach's normal commercial terms. In addition, MetaLeach will provide a licence for the use of its leaching technologies on the selected property at no cost to RPT to enable the property to be developed and for commercial production to proceed. The no-cost licence entitlement shall continue in force only if RPT and MetaLeach together own the entire interest in the selected property. In consideration for the above, RPT and MetaLeach will share profits from a selected property in the ratio 80 per cent & 20 per cent respectively. Profits and gains will be shared after crediting RPT with all acquisition costs. RPT and MetaLeach will be diluted proportionately by external investors in any selected property. In connection with this transaction, a finder's fee is payable, which will be settled by issuing 500,000 new ordinary shares ("Shares") in the capital of the Company to Morgarlan Limited. Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM. The Shares will when issued rank pari passu with the Company's existing issued ordinary shares. Dealings in the Shares are expected to commence on 3 September 2009 ("Admission"). Following Admission, the Company's enlarged issued share capital will comprise 135,034,667 ordinary shares with voting rights. The Company does not hold any shares in treasury. This figure of 135,034,667 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules. For further information please contact: `Martin Rosser Matt Sutcliffe` `Chief Executive Officer Executive Chairman` Mobile: + 44 (0) 7770 865 341 Mobile: +44 (0) 7887 930 758 Alexander Mining plc 1st Floor 35 Piccadilly London W1J 0DW `Tel: +44 (0) 20 7292 1300` `Fax: +44 (0) 20 7292 1313` Email: mail@alexandermining.com Website: www.alexandermining.com Nominated Advisor and Broker Alasdair Younie/John Prior Arbuthnot Securities Limited Arbuthnot House 20 Ropemaker Street London EC2Y 9AR Tel: +44 (0) 20 7012 2000 Public/Media Relations Tim Blackstone Britton Financial PR 62 Britton Street London EC1M 5UY Tel: +44 (0) 20 7242 9786 Mobile: +44 (0) 7957 140 416 Email: tim@brittonpr.com Appendix Background notes for editors RPT Resources Ltd. RPT Resources Ltd (http://www.rptresources.com) is a well financed junior explorer listed on the TSX Venture exchange. RPT looks to maximize shareholder value by acquiring, exploring and developing world class projects in the resource sector. With approximately C$13 million in cash, RPT is well placed to take advantage of the outstanding opportunities arising in the currently favourable market conditions. RPT currently has projects in the uranium, oil and gas, and platinum-palladium sectors. Its flagship project is the Dorion property, which lies 4km along strike and to the North East of Magma Metal's Thunder Bay North (TBN) polymetallic project in Ontario, Canada. The TBN project recently won the 2008 Discovery of the Year Award presented at this year's North Western Prospectors Association conference. Alexander Mining plc Alexander, through its wholly owned subsidiary MetaLeach Limited, is solely focused on the commercialisation of its proprietary mineral processing technologies. Alexander has already received test-work payments and the pipeline of amenability test-work programmes is increasing steadily. A major campaign to grow this revenue stream is under way, with the aim of securing future royalties and/or free carried equity interests in attractive base metals projects and/or mines. AmmLeach®, for which patents are pending, has the potential to revolutionise the extraction processes for high acid consuming copper and zinc oxide deposits. The operating cost differential between AmmLeach® and conventional heap leaching treatment methods for high sulphuric acid consuming ores and the AmmLeach® ammonia process is a significant order of magnitude in AmmLeach®'s favour. The AmmLeach® process was developed as a result of Alexander's successful pilot plant demonstration at its Leon copper project in Argentina and subsequent research and development. As well as copper oxides, AmmLeach® has excellent potential for developing a new SX-EW process for producing high purity zinc metal or an intermediate product at the mine. The zinc process has been trialled successfully on a bench scale and larger scale test-work is imminent. The AmmLeach® process leaches common zinc oxide minerals with high extraction efficiencies and offers a potentially economic processing route for many zinc oxide deposits that are currently economically unviable. This information is provided by RNS The company news service from the London Stock Exchange END AGRBBGDIUBDGGCR More

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