Rambler Metals and Mining PLC RBMTF

RE:Rambler Metals & Mining PLC: Second Quarter FY2016 Productio

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Full Report.  https://www.rns-pdf.londonstockexchange.com/rns/3942Q_1-2016-2-29.pdf

From the Report

Norman Williams, CA, President and CEO, commented: "We have initiated the first year of the expansion plan as outlined in the pre-feasibility announced last year with mill feed for the quarter including material from the high grade massive sulphides as well as some new ore from the Lower Footwall Zone. "In the past we have normally seen a sharp decrease in throughput during this quarter due to winter conditions however, as part of our focus on continued improvements at the mill we were successful in maintaining similar production levels seen in the previous quarter. This second quarter of the fiscal year has been one of our best Q2 throughput performances since starting commercial production. "At the half year mark, we are on target to meet our forecasted guidance for the fiscal year. During the second half we are expecting mill throughput to continue to increase with January averaging over 700 mtpd. By the end of the fiscal year we are targeting mill throughput of 850 mtpd with a steady blend of ore from both the massive sulphides and the Lower Footwall Zone."