Ormonde Mining La Zarza Results Bolster

Monday, December 05, 2005 5:22:34 AM ET
Dow Jones Newswires



0904 GMT [Dow Jones] Ormonde Mining's (ORM.DB) results from La Zarza in southern Spain should support the stock, says Seymour Pierce. "We view this as a further positive step on the path to the development of La Zarza, and reiterate our buy recommendation on Ormonde with a 24p target price." Trades +3.7% at 9.9p. (DWE)

http://www.newratings.com/analyst_news/article_1149090.html

ORM - Ormonde Mining

Latest Prices
Name Price %
Ormonde Mining 10.53p +10.50%

FTSE AIM All-Share 1,015 -0.07%
Mining 11,934 -1.71%

LONDON (SHARECAST) - Ormonde Mining has reported positive test results from the La Zarza Gold-Copper Project in southern Spain.

The group said a total of gold recovered from saleable floatation concentrates and gold recovered from pyrite concentrates should be higher than originally targeted.

"The unexpected recovery of a significant proportion of the gold by standard flotation to copper and lead concentrates is a very positive development which gives the company considerable confidence in the testwork programme
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=584019

all this news and harldly any buying... amazing, either the market is asleep, or people are just plane mad missing an easy opportunity like this

Thursday 11 November, 2010Ormonde Mining PLC
Tungsten Progress
RNS Number : 9941V
Ormonde Mining PLC
11 November 2010
Ormonde Mining plc

("Ormonde" or "the Company")
Progress on Barruecopardo Tungsten Project

The Board of Ormonde is pleased to report ongoing progress on its Barruecopardo Tungsten Project in Salamanca, Spain, following the Technical and Economic Review and Optimisation Study ("the Study") carried out by Scott Wilson Mining ("Scott Wilson") and reported in mid-September.

Main Points
Drilling in progress to include upgrading of relevant parts of the Inferred Resource to Indicated status and facilitate a definitive open pit design.

Environmental studies, a key component of the supporting documentation required for permitting at Barruecopardo, now well advanced.

Work is underway on the definitive technical-economic evaluation programmes required to advance the project through to the engineering design stage.

Kerr Anderson, Ormonde's Managing Director, said:
"The resumption of drilling and the progress on both permitting works and the technical-economic evaluation programmes form important steps in our timetable to deliver initial production at Barruecopardo by late 2012.

Tungsten prices continue to strengthen due to further supply shortages, with the European APT price now quoted as US$280-286 per metric tonne unit (mtu), a rise of almost 30% in the past six months. These are very exciting times for the Company and we look forward to reporting progress and developments at Barruecopardo over the coming months."
Following a review of the open pit optimisation completed by Scott Wilson in September, drilling resumed at Barruecopardo in October with an infill programme designed to reduce the drill spacing and upgrade relevant parts of the open-pittable portion of the Inferred Mineral Resources to Indicated status. Initial holes are being drilled on the southern part of the deposit, progressively moving north, and results will be reported as appropriate as the programme proceeds. This drilling programme is scheduled to be completed in February next year.

The Base Case open pit optimisation study was carried out only on the Indicated portion of the current resource and encompassed 3.9 million tonnes of resource with an average life of mine grade of 0.43% WO3. The Scott Wilson report indicated that, at an open pit production rate of 500kt of ore per year for an initial mine life of 10 years, this would yield averaged production of 155,000 mtus of WO3 per year in concentrate, resulting in net operating cash flows of 9.3 million to 13.7 million per year at tungsten APT prices of $245 and $290 per mtu, respectively.

In addition to drilling, environmental works, a key component of the supporting documentation required for permitting at Barruecopardo, are now well advanced. Incorporation of the preliminary results from these studies with details of the proposed mining operation, as provided by the Scott Wilson Study, will form part of the initial permitting documents.

The final stage of testwork has been agreed with our metallurgical consultant to facilitate the design of the "clean-up" circuit configuration for the processing plant. The detailed processing design work will proceed thereafter and selection of appropriate engineering firms to carry out this work is in hand.

Selection of an appropriate mining consultancy to finalise the open pit designs will proceed as soon as the infill drilling has advanced adequately.
Kerr Anderson PhD EurGeolPGeo, Managing Director of Ormonde Mining plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, February 2007, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement.
A glossary explaining technical terms contained in this announcement can be found at www.ormondemining.com/en/investors/technical_glossary.
Enquiries to:
Ormonde Mining plc

Kerr Anderson, Managing Director Tel: +353 (0)46 9073623
Bankside Consultants

Simon Rothschild / Louise Mason Tel: +44 (0)20 7367 8888 Mob: +44 (0)7703 167065
Davy (Nomad / ESM Adviser)
Fergal Meegan/Roland French Tel: +353 (0)1 6796363
Fairfax I.S. PLC (Joint Broker)

Ewan Leggat/Katy Birkin Tel: +44 (0)207 598 5368

Hopefully 2011 will see the SP make big gains. I'm still in and will hold for a good while longer,

Anyone else still in?

Nice tick up today and looking good methinks!

Doing rather well at the moment....lots more to come.....

Yep! It's looking good. I'm now 55% up and holding for the long term

Shoul hear something soon ......drilling programme is scheduled to be completed in February this year and production due late 2012....

13th January 2011

Shares Magazine today....

Mining group, Ormonde, is in the final stages of developing a lucrative tungsten deposit in Spain. Tungsten should prove to be a popular commodity in 2011 as it is used in machine tools and hardening steel. Riding on the back of a large profit made from gold in recent years, the shares have already yielded a massive return of 93.7%. The switch to tungsten mining, given the increasing demand, should see the group enjoying continued success. Buy now at 9.88p.

I reckon that 20p is coming.....steady rise....and big ...big potential here....

Tungsten assays cheer Ormonde

http://www.growthcompany.co.uk/news/1606618/tungsten-assays-cheer-ormonde-.thtml

Yep...looking good again...hoping this can do a BAO!

The directors of Aminex (LSE: AEX), Ormonde Mining plc (AIM: ORM) and Metminco (ASX, AIM: MNC) will be presenting: Wednesday the 16th March 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/103

If you have any problems registering or queries please email events@proactiveinvestors.com.

This is a Shares and MoneyAMs new quarterly publication covering the world of Oil, Gas and Mining companies. The latest edition is out today and can be viewed as a page flip or a pdf download at www.mrqonline.co.uk

Features on:

Silver
Copper
Platinum

Companies Featured in this issue:

African Eagle
Ariana Resources
GGG Resources
Ithaca Energy
Ormonde Mining
San Leon Energy

Orm still looking good for good gains over the next 6 months (imho) >>> I bought a few more last week!

More good news released earlier this week.....good bet for x3 or 4 bagger from here(imho)

SP strengthening.. lots of news to come good story developing here

I came across this interview with the MD, Kerr Anderson of Ormonde Mining.

Its an interesting listen:

http://www.brrmedia.co.uk/event/98349/kerr-anderson-managing-director

Gone back in today

This has perked up a bit...more to come?