this will be one of the top 3 PGM producers in theMarathon Definitive Feasibility Study Update
Tue Aug 12, 8:32 AM TORONTO, Aug. 12 /CNW/ - Marathon PGM Corporation ("Marathon" or "the Company", MAR-TSX) is pleased to provide an update on the Definitive Feasibility Study ("DFS") for the Marathon PGM-Cu project.
Highlights: milling rate of 22,000 tpd and projected production rate of over 200,000 oz PGM and Au and 40M lbs Cu would make Marathon one of the top 3 PGM producers in North America and top 10 in the world - current minelife is in excess of 14 years - the DFS is on track for completion in September 2008 - proven and probable mineral reserves will be announced in September 2008 - discussions with Federal and Provincial Agencies have been taking place since Q4 of 2007 - a preliminary project description has been submitted and a number of departments have provided helpful comments
"Considering the sheer size of the Marathon Project, it has nonetheless progressed very efficiently. Our milestones have continually been met on time. There is no doubt that we are benefiting from having the Marathon Project in an ideal location for infrastructure and power," said Phillip Walford, President and CEO.