Borneo Resource Investments Ltd. Announces New Production Run
25 6월 2015 - 10:47PM
InvestorsHub NewsWire
Borneo Resource Investments Ltd. Announces New
Production Run
Hong Kong -- June 25, 2015 -- InvestorsHub
NewsWire -- Borneo
Resource Investments Ltd (OTCBB)announced
that, following successful completion of a test run last month, it
has commenced full production at its recently completed leach pad
on the 8HA property acquired late last year. In announcing this
development, Nils Ollquist CEO commented: “We are pleased that the
commitment, in terms of both investment and time, in our new
production facilities, will now start to add to our revenue base
and offset the shortfall that arose from the write off of the
Talawaan investment last year”.
Mr
Ollquist continued: “All of the infrastructure at the new site has
been developed turnkey, including
leveling and construting
the leachpad itself and building associated facilities
including tailing ponds, carbon filtration unit, power generation
facilities, water access and plumbing, worker accommodation and
security. We have refined our production process using the results
of the trial run, including running soil testing on ore targeted
for excavation and loading, and closer monitoring of the excavation
and loading process itself, so that the loaded ore will be of a
higher tonnage and of the highest grade.
We
are pleased to confirm that the initial test results showed ore
grades significantly higher than anticipated and we are optimistic
that the result for this run will be well in excess of 2kg of 99%
pure gold.
Mr
Ollquist concluded: “We have now created a workable and efficient
template for construction, trial and commissioning of new heapleach
production facilities. Our mining plan calls for completion of an
additional 10,000 tonne pad adjacent to our newly completed site by
August and to have a total of 4 large scale operational leachpads
by the end of October. These 4 leachpads, fully operational, will
have a targeted output of around 17.5kg of 99% pure gold per 6-7
week cycle. Against this background, we look forward to strong
financial results for the balance of the year.
About Borneo Resource Investments
Ltd.
Borneo Resource Investments Ltd.
(OTCBB:BRNE)
is a company that acquires and develops
gold mining properties in the Republic of Indonesia. Borneo's
current assets include gold producing properties in the province of
Sulawesi which are mined through a low impact and low pollutive
process known as heap leaching. Borneo’s strategy includes
selective acquisition of high ore grade properties to form a
valuable platform of producing properties with high levels of
reserve. Indonesia was the 8th largest gold producer in
the world in 2012.
Forward-Looking Statements
This
press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995 and federal securities laws. Words
such as "believe", "estimate", "will be", "will", "would",
"expect", "anticipate", "plan", "project", "intend", "could",
"should" or other similar words or expressions often identify
forward-looking statements. All statements other than statements of
historical fact are forward-looking statements, including, without
limitation, statements regarding our outlook, projections,
forecasts or trend descriptions. These statements do not guarantee
future performance, and we do not undertake to update our
forward-looking statements.
For
example, we are using forward looking statements when we discuss
the indications that estimate the potential revenue that may be
generated from this property. These forward-looking statements are
based on the current expectations of the management of Borneo
Resource Investments Ltd. only, and are subject to a number of
factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
The following factors, among others, could cause actual results to
differ materially from those described in the forward-looking
statements: changes in the price of natural resources, a change in
the estimate of natural resources on our concessions, a change in
the ability to extract the natural resources, changes in Indonesian
law, risks associated with counterparty default in any of our
agreements and the ability to acquire funding. Except as otherwise
required by law, Borneo Resource Investments Ltd. undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
Borneo Resource Investme... (PK) (USOTC:BRNE)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Borneo Resource Investme... (PK) (USOTC:BRNE)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
Borneo Resource Investments Ltd (PK) (OTC 시장)의 실시간 뉴스: 최근 기사 0
More Borneo Resource Investments Ltd. (PC) News Articles