Aldridge Minerals Inc. AGMIF

Aldridge Awards Value Engineering & Construction Planning Co

[hanscazan]

Business Wire via COMTEX - Mon Nov 17, 07:30AM ESTAldridge Minerals Inc. (TSX Venture: AGM) ("Aldridge" or the "Company") is pleased to announce that it has awarded contracts for value engineering and early construction planning for its wholly-owned Yenipazar Project in central Turkey, which marks an important milestone and moves the Yenipazar Project closer to a final construction decision.Value engineering has been awarded to Tenova Mining & Minerals ("TMM"), a division of Tenova, a wholly-owned subsidiary of the TECHINT Group. TMM provides integrated solutions to the global mining and processing sectors, offering innovative technological solutions and full process and commodity knowledge across the mining industry value chain. The scope of the value engineering is to apply subject matter expertise in Comminution, Processing, Tailings design, and Capital and Operating costs, with the objective of further reducing overall project risks. TMM will also identify further technical, safety and cost opportunities for construction and operations.

Construction planning has been awarded to GAP A deg nsaat ("GAP"), a wholly owned subsidiary of Cal k Holding A.S. GAP is a general contractor headquartered in Istanbul that provides construction services for large infrastructure and industrial projects in Turkey and central Asia. GAP's scope of work is to provide detailed construction planning including logistics, jurisdiction and trades analysis, work site planning, construction strategy including effective utilization of contract mining services during construction and pre-operation, capital and operating cost review, and safe construction delivery of the Project. GAP will also ensure further accuracy of capital and operating costs based on market conditions in Turkey.

The Company expects the value engineering and construction planning efforts to be completed in the first quarter of 2015, which will then form the basis for follow-on basic engineering and construction execution.

Aldridge awards value engineering and construction