Press releases

MDM purchases own shares

MDM Engineering awarded Pre-Feasibility Study for Mantra Resources project

30 July 2009

MDM Engineering Group Ltd. (AIM: MDM), is pleased to announce that it has been awarded the contract for a Pre-Feasibility Study (PFS) for Mantra Resources Limited's (Mantra) Mkuju River Project (MRP) in Southern Tanzania.

The awarding of this contract comes after MDM's recent successful completion of the Scoping Study for the uranium project.

Mantra is an Australian listed mineral exploration company with a portfolio of advanced uranium projects in Southern Africa.

Mantra is currently carrying out a comprehensive resource drilling programme on the MRP.

The scope of work for the PFS will see MDM managing the inputs from various consultants as well as the owner's team, in addition to providing the process plant and infrastructure design as well as the capital and operating cost estimates for these.

The MDM Engineering team has a 20 year track record of undertaking scoping and feasibility studies, including designing and constructing some 52 metallurgical plants throughout Africa.

George Bennett, MDM Engineering Executive Director commented:
"Following the successful completion of the Mkuju River Project Scoping Study for Mantra, MDM is pleased to continue its relationship with Mantra through the award of the Pre-Feasibility Ptudy for this project. We have enjoyed a close working relationship with Mantra and look forward to our successful partnership continuing."

Key Information:

MDM Engineering Group Limited is a minerals process and project management company focused on the mining industry. The Company provides a wide range of services from preliminary and final feasibility studies, through to plant design, construction and commissioning. To date, the Company's clients have largely been junior and mid-tier mining corporations with operations in Africa.

In May 2008, the Company successfully listed on the AIM market of the London Stock Exchange. The MDM Engineering core technical team has a 20 year track record of completing a wide range of studies and execution projects across a variety of minerals, including precious metals, base metals, ferrous and non-ferrous metals, uranium and diamonds.

The Company has adopted an approach to project execution based on an open-book Engineering, Procurement, Construction Management ("EPCM" or ";cost-plus") basis. With a core focus on Africa, MDM Engineering is setting the benchmark standard for best practice in the mining services industry through its commitment to providing the highest quality services and actively engaging with clients to ensure maximum transparency.

Enquiries:

MDM Engineering Group Limited

Grant Lowman (Chief Executive)
Tel: +27 (0) 11 993 4300

George Bennett (Executive Director)
Tel: +27 (0) 11 993 4300

Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

Numis Securities Limited

John Harrison (Nominated Adviser)
Tel: +44 (0) 207 260 1000

James Black (Corporate Broker)
Tel: +44 (0) 207 260 1000

Pelham PR

Candice Sgroi
Tel: +44 (0) 207 7337 1533

James MacFarlane
Tel : +44 (0) 20 7337 1527

 

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