Vancouver, B.C. - Brilliant Mining Corp. (BMC: TSXV) ("Brilliant" or the "Company") today reported a reconciled Quarterly Production Update from its 25% owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel District of Western Australia.
Key Point Summary:
- June 2008 Quarter reports 64% increase in produced Ni tonnes over the year-on-year June 2007 Quarter
- Contained nickel metal production increases 40% in 07/08 over previous year
- Strong continued production ramp up forecast for 08/09 with projections indicating a further
62-69% increase in contained nickel metal over the 07/08 production year
The Lanfranchi Mine produced 88,335 tonnes of ore grading 2.47% Ni for 2,184 tonnes (4.8 million lbs) of Ni metal, a 64% increase in nickel tonnes over the year-on-year quarter ending June 30, 2007. The production ramp up was primarily due to the addition of high-grade Winner ore and the commencement of mining of the Deacon orebody.
Table 1 - Lanfranchi Mine June 2008 Quarterly Production and Deliveries (i)(ii)
Ore |
Details |
Units |
3 months ending 30 June 2008 |
3 months ending 31 March 2008 |
|
3 months ending 30 June 2007 |
Produced |
Ore mined |
dmt |
88,335 |
82,356 |
|
60,864 |
|
Ni grade |
% |
2.47 |
2.92 |
|
2.19 |
|
Ni metal contained |
t |
2,184 |
2,403 |
|
1,330 |
|
|
lbs |
4,814,900 |
5,297,700 |
|
2,932,000 |
|
Cu grade |
% |
0.21 |
0.19 |
|
0.20 |
Delivered |
Ore delivered |
dmt |
90,151 |
78,247 |
|
57,565 |
|
Ni grade |
% |
2.49 |
2.92 |
|
2.19 |
|
Ni metal contained |
t |
2,241 |
2,281 |
|
1,262 |
|
|
lbs |
4,940,600 |
5,029,000 |
|
2,782,000 |
|
Cu grade |
% |
0.21 |
0.25 |
|
0.20 |
(i) 25% of the reported ore deliveries or production is attributable to Brilliant Mining Corp.
(ii) DMT = dry metric tonnes, T = tonnes, Mlbs = million pounds
Preliminary 2008/09 Production Forecast
The preliminary production forecast for the Lanfranchi Mine in 2008/09 is expected to be in the range of 11,850-12,350 tonnes (26.1-27.2 million lbs) of Ni metal which represents a potential 62-69% increase over the 2007/08 period. Brilliant's Payable share of forecast production is in the range of 1,730-1,805 tonnes (3.8-4.0 million lbs) of Ni metal. Operations at the Lanfranchi mine have demonstrated an impressive track record of delivering on production ramp up as is illustrated in the growth profile below.
In 2008/09 exploration activities will be focused on adding to our mineral resource and reserve base by underground drilling of the down plunge extensions at Deacon, Helmut South, Schmitz, and Lanfranchi as well as continuing to drill test on surface the Northern Dome area for massive sulphide mineralization along the interpreted overturned continuation of the known nickel channels.
All production totals in this press release unless otherwise stated are on a 100% gross production basis, for the Lanfranchi Mine of which 25% is attributable to Brilliant; and reported on a June 30 year end to be in alignment with the Operation's budgetary year.
Table 2 - Lanfranchi Mine June Year End Ore Production and Deliveries Comparison (i)(ii)
Ore |
Details |
Units |
12 months ending 30 June 2009 (f) |
12 months ending 30 June 2008 |
12 months ending 30 June 2007 |
12 months ending 30 June 2006 |
Produced |
Ore mined |
dmt |
440,000 � 460,000 |
286,116 |
229,614 |
107,701 |
|
Ni grade |
% |
2.70 |
2.55 |
2.27 |
2.53 |
|
Ni metal contained |
t |
11,850 - 12,350 |
7,304 |
5,215 |
2,722 |
|
|
Mlbs |
26.1 � 27.2 |
16.1 |
11.5 |
6.0 |
|
Cu grade |
% |
0.20 |
0.22 |
0.20 |
0.22 |
Delivered |
Ore delivered |
dmt |
|
281,251 |
227,542 |
107,133 |
|
Ni grade |
% |
|
2.55 |
2.27 |
2.51 |
|
Ni metal contained |
t |
|
7,178 |
5,168 |
2,691 |
|
|
Mlbs |
|
15.8 |
11.4 |
5.9 |
|
Cu grade |
% |
|
0.22 |
0.20 |
0.22 |
(i) 25% of the reported ore deliveries or production is attributable to Brilliant Mining Corp.
(ii) DMT = dry metric tonnes, T = tonnes, Mlbs = million pounds
Chart 1: Annual Nickel Metal Production at the Lanfranchi Mine � Historical and Forecast
Notes: |
|
25% of the contained nickel metal production is attributable to Brilliant 08/09 Forecast = preliminary June 2008 - July 2009 12 month production forecast to be finalized upon detailed scheduling and approval by the Lanfranchi Joint Venture Committee. |
Chart 2: Annual Nickel Metal Production Payable to Brilliant Mining - Historical and Forecast
Notes: |
|
Payable Nickel Metal is Brilliant Mining's attributable nickel metal post-recovery loss and post-smelter fee. 08/09 Forecast = preliminary June 2008 - July 2009 12 month production forecast to be finalized upon detailed scheduling and approval by the Lanfranchi Joint Venture Committee. |
The project is supervised by John Williamson, P.Geol., of Edmonton, Alberta. Mr. Williamson is CEO and a Director of Brilliant, and is the qualified person as defined by National Instrument 43-101.
About Brilliant Mining Corp.
Brilliant Mining Corp. is focused on the production, development and exploration of nickel opportunities world wide. The Company currently has a 25% interest in the producing Lanfranchi Nickel Mine in Western Australia and has active nickel projects in Canada, including the Michikamau property in central Labrador.
On behalf of the Board of Directors
"Mike Sieb"
Mike Sieb, B.Sc., MBA
President
Brilliant Mining Corp.
For further information about Brilliant Mining Corp., or this news release, please visit our website at www.brilliantmining.com, or contact:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain disclosures in this release, including management's assessment of Brilliant's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Brilliant's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Brilliant expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.