FinnAust Mining PLC Notice of attendance to PDAC conference
02 Marzo 2017 - 12:00PM
RNS Non-Regulatory
TIDMFAM
FinnAust Mining PLC
02 March 2017
FinnAust Mining plc / EPIC: FAM / Market: AIM / Sector:
Mining
2 March 2017
FinnAust Mining plc ('FinnAust' or the 'Company')
Notice of attendance to PDAC conference
FinnAust Mining plc, the AIM and FSE listed company with
projects in Greenland and Finland, is pleased to announce that its
recently appointed Chief Geology Manager, Eric Sondergaard, will be
attending the PDAC International Convention, Trade Show &
Investors Exchange, being held in Toronto, Canada from 5-8 March
2017. PDAC is the world's leading convention for people, companies
and organisations in, or connected with, mineral exploration and
finance. Eric will be representing the Company at the conference;
should you wish to arrange a meeting with him please contact him
via email: esondergaard@finnaust.com
For further information on the PDAC conference please visit
http://www.pdac.ca/convention
**ENDS**
For further information please visit www.finnaust.com or
contact:
FinnAust Mining +44 (0) 20 7907
Roderick McIllree plc 9326
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FinnAust Mining +44 (0) 20 7907
Graham Marshall plc 9326
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SP Angel Corporate +44 (0) 20 3470
Ewan Leggat Finance LLP 0470
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SP Angel Corporate +44 (0) 20 3470
Laura Harrison Finance LLP 0470
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St Brides Partners +44 (0) 20 7236
Elisabeth Cowell Ltd 1177
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St Brides Partners +44 (0) 20 7236
Charlotte Page Ltd 1177
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Notes
FinnAust has a number of highly prospective licences at various
stages of development in Greenland and Finland. The Company is dual
listed on the London AIM market and Frankfurt Stock Exchange.
The Company is currently focussed on advancing the Pituffik
Project in Greenland, an area that has only recently revealed its
mineral potential following changes in the climate. Pituffik, which
FinnAust conditionally acquired in December 2015, has demonstrated
the potential to be in the top percentile of projects worldwide in
terms of heavy mineral grade.
Pituffik comprises three main target areas along an >80km
coastline historically proven to contain large and high-grade
accumulations of primary ilmenite occurring as placer deposits in
the following environments:
-- Raised beaches; containing ilmenite accumulations over widths
of more than 1km, of unknown depths, along more than 20km of
coastline;
-- Active beaches; which refer to the area seaward of the
frontal dunes, including the beach, tidal zones and surf zone -
historically samples from this area have achieved 70% ilmenite by
weight; and
-- Drowned beaches; refers to the areas seaward of active beaches.
The Company's strategy is focused on the production of a bulk
sample "proof of concept" from the Pituffik Project in 2017 with
the aim of ultimately generating cash flow to create a company
capable of self-funding exploration on future acquisitions.
FinnAust has an interest in 60% of Bluejay Mining Limited the
holder of the Pituffik exploration licence and has an option to
acquire the remaining 40%. FinnAust announced its intention to
exercise the option to acquire the remaining 40% of Bluejay Mining
Limited on 20 February 2017, subject to the approval of
shareholders.
FinnAust also holds a 100% interest in a portfolio of copper,
zinc and nickel projects in Finland. This multi-commodity portfolio
remains a strategic asset of importance and has been restructured
to be cost-sustainable whilst determining the best plan for future
development.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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