Press releases

Wits Gold award

MDM awarded Wits Gold DeBron Merriespruit DFS study

03 September 2012

MDM Engineering Group Limited (“MDM” or the “Company”) (AIM: MDM) the minerals process and project management company focused on the mining industry, is pleased to announce that it has been awarded the Definitive Feasibility Study (“DFS”) for Witwatersrand Consolidated Gold Resources Limited (“Wits Gold”) Debron Merriespruit South project  (“DBM”) in South Africa.

Wits Gold is the mineral right holder of the DeBron and Merriespruit prospects in the Free State gold field, approximately 20 kilometres to the south of Welkom. The two prospects are being considered together as a single entity and have been named the DBM Project. The scope of work is the execution of engineering design and costing for the process plant and associated infrastructure, to produce a DFS for Wits Gold DBM project.

Kevin Stock, MDM GM Proposals and Studies said:
“MDM is thrilled to be working on the DBM project in South Africa. We have gained invaluable knowledge of the South African market through previous projects undertaken in the country, and having designed and built 35 gold plants, we believe we will add great value to this project going forwards.

Enquiries:

MDM Engineering Group Limited

Martin Smith (CEO)
George Bennett (Executive Director)
Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

Canaccord Genuity Limited

John Prior / Sebastian Jones
Tel: +44 (0)20 7523 8350

Tavistock Communications Limited

Jos Simson / Emily Fenton
Tel: +44 (0)20 7920 3150

KEY INFORMATION:

Witwatersrand Consolidated Gold Resources limited:
Witwatersrand Consolidated Gold Resources Limited ("Wits Gold" or "the Company") is a South African gold and uranium exploration company with  specialised geological expertise in the world’s largest gold province: the Witwatersrand Basin in South Africa. The Company has a primary listing on the JSE Limited (JSE) and a secondary listing on the Toronto Stock Exchange (TSX), as well as an ADR programme backed by the Bank of New York Mellon.
 
Wits Gold is a relatively new entrant to the mining sector, having been formed in 2003 with the aim of acquiring properties adjacent to operating mines within the goldfields of the Wits Basin, in order to quantify their exploitable resources. The Company’s present assets were originally held by the major mining companies AngloGold Ashanti, Gold Fields and Harmony.
www.witsgold.com

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