In the media

First Uranium’s Ezulwini Mine to begin toll–treatment of gold ore

5 November 2007


Simmer and Jack Mines Limited and First Uranium Corporation

Johannesburg – Simmer & Jack Mines. Limited (Simmers) (JSE:SIM ZAE00006722) announced today that its 65.47%–held subsidiary, First Uranium Corporation (TSX:FIU, JSE:FUM, CA33744R1029:ISIN) (First Uranium) has commenced transporting gold ore from the Ezulwini Mine for toll treatment at the Randfontein Estates Limited (REL) Doornkop gold plant, with effect from the end of October 2007.

Based on Ezulwini Mine start–up schedules for mining uranium and gold, First Uranium expects to ship approximately 5,000 tonnes of ore for toll treatment in November 2007 and steadily increase the quantity to about 25,000 tonnes per month by April 2008, when the Ezulwini Mine’s own gold plant is scheduled to be commissioned. For the next six months mill feed grades are expected to range between 6.5 grams per tonne and 8.0 grams per tonne, although the average gold grade is initially expected to be lower since development ore will be processed first.

First Uranium first began producing gold at its Buffelsfontein Tailings Recovery project in June this year, 15 months ahead of schedule.

“Now that First Uranium is shipping ore from Ezulwini, both of its projects are now in gold production and are contributing to group cash flow”, said Gordon Miller, Chief Executive officer of both Simmers and First Uranium. “To see Ezulwini Mine come into production on schedule is particularly gratifying and confirms the confidence we have in the ability of the experienced operating team at this site to meet future milestones on time and on budget. To this end, they are on track with the start–up milestones for the completion of our own gold plant next April and our uranium plant in June.”

First Uranium’s Ezulwini Mine is an underground uranium and gold mine located 40 kilometres southwest of Johannesburg, South Africa.

REL is located adjacent to the northern–west boundary of the Ezulwini Mine and is a wholly–owned subsidiary of Harmony Gold Mining Company.

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