Press releases

MDM operating update

MDM awarded PFS for Uranex project

12 April 2010

MDM Engineering Group Limited (“MDM” or the “Company”) is pleased to announce that the Company has been appointed as the metallurgical engineering consultant for the Manyoni Heap Leach Pre-Feasibility Study (PFS) in Tanzania.

Uranex’s Managing Director, John Cottle, said, “We are delighted to welcome MDM to our PFS team and look forward with confidence to their expert technical input and contribution to our Manyoni Heap Leach PFS, which remains on schedule for completion in the September Quarter, 2010.”

The Manyoni project is near surface, in largely unconsolidated clay, sand, and weathered product host sediments, which suggest low mining costs and straightforward, conventional processing.  The testwork at Manyoni has to date shown the potential amenability to heap leach processing.

George Bennett, MDM Executive Director stated, “MDM will bring their full uranium experience and technical expertise to bear on the Manyoni project and we are confident that we will deliver a quality PFS on behalf of Uranex. MDM looks forward to working with the Uranex team on this project.”

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.


MDM Engineering Group Limited

Martin Smith (CEO)
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


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