Press releases

MDM purchases own shares

MDM awarded Phase 2 for MWS

8 July 2009

Following the completion of the cost budget estimate (CBE) awarded to MDM Engineering (AIM: MDM) by First Uranium Corporation's (FIU), for Phase 2 of the Mine Waste Solutions (MWS) Gold and Uranium Project, MDM is pleased to announce that it has received a notice of award to immediately proceed with the Phase 2 of FIU's MWS Gold Project.

Phase 2 will incorporate another 650 000 tpm module for a tailings treatment and reclaim plant. This module will compliment the existing 1.28 million tpm module currently under construction by MDM.

George Bennett, MDM Engineering Executive Director commented:
"MDM is pleased to have been given the notice of award to fast track Phase 2 of the MWS gold project and to proceed with the execution phase of the contract after completion of the CBE."

Key Information:

MDM Engineering Group Limited is a minerals process and project management company that provides services to 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 mining companies. To date, the Company’s clients have largely been junior and mid-tier mining corporations with operations in Africa.
The Company was established in November 2006. In February 2007 the Group purchased out of liquidation certain of the intellectual property and fixed assets of MDM Ferroman (Pty) Limited (“MDMF”), a mining services company with an established track record of providing services to the African mining industry. In May 2008, the Company successfully listed on the AIM market of the London Stock Exchange. The Company now has what the directors consider to be a strong portfolio of current studies and execution projects and a strong outlook of prospective work, which the directors believe provides the Company with an attractive and visible revenue stream to drive the Company’s growth in the future.


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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