June 2007 Quarterly Nickel Ore Deliveries
Lanfranchi Nickel Mine, Kambalda District of Western Australia
Vancouver, B.C. - Brilliant Mining Corp. (BMC:TSXV) (“Brilliant” or the “Company”) today reported the nickel ore deliveries for the quarter ending June 30, 2007 (“June 2007 Quarter”) from its 25% owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel District of Western Australia.
Lanfranchi Mine Key Point Summary (i):
- 57,558 tonnes of ore delivered in last quarter represents a 12% increase from previous quarter
- Significant ramp-up in production at the Lanfranchi Nickel Mine targeted through the next two years
- 8,000 tonnes (17.6 million lbs) Ni metal production projected for July07-June08
- 13,250 tonnes (29.2 million lbs) Ni metal production target for July08-June09
Consistent production has been achieved from the Helmut South orebody over the last three quarterly periods. Ore deliveries reported for the June 2007 Quarter were 57,558 dry metric tonnes at an average grade of 2.22% Ni for 1,278 tonnes (2.8 million lbs) of contained Ni metal. Compared to the previous quarter this represents an increase of 12.0% in ore tonnes and an increase of 10.7% in nickel metal tonnes delivered to the Concentrator in Kambalda.
Table 1 - Lanfranchi Mine Ore Deliveries Quarterly Summary - 100% Basis (i)(ii)
Details
|
Units |
3 months
ending
30 Jun 2007 |
3 months
ending
31 Mar 2007 |
3 months
ending
31 Dec 2006 |
Ore delivered |
DMT |
57,558 |
52,082 |
61,631 |
Ni grade |
% |
2.22 |
2.21 |
2.39 |
Ni metal |
T |
1,278 |
1,150 |
1,473 |
Contained |
Lbs |
2,817,000 |
2,535,000 |
3,247,000 |
Cu grade |
% |
0.19 |
0.19 |
0.20 |
(i) 25% of the reported ore deliveries or production is attributable to Brilliant Mining Corp.
(ii) DMT = dry metric tonnes, T = tonnes, Lbs = pounds
The continued strategy at the Lanfranchi Mine will be to focus on capital development in the near term to maximize production and revenues in the long term. Currently, two out of three mine crews are committed to the capital development of the Lanfranchi orebody, Winner orebody and Deacon Resource. The incorporation of these new sources of material into the active mine plan will have a dramatic impact on the production profile with nickel metal production projected to double over the next three quarters from current levels.
Production Forecast 2007/08 (i)
The preliminary production forecast for the high-grade Lanfranchi Nickel Mine is 8,000 tonnes (17.6 million lbs) contained Ni metal in 2007/08 (12 months ending June 08) based on approximately 300,000 tonnes of ore deliveries at 2.65% Ni. This forecast represents a 50% increase on the 2006/07 (12 months ending June 07) actual ore deliveries from the Lanfranchi Mine of 5,189 tonnes of Ni metal.
The main factors contributing to the significant ramp-up in production are:
- Ore from Winner(1) with a reserve grading 4.28% Ni scheduled for October 2007; and
- Ore from Deacon(2) with an indicated resource grading 3.09% scheduled for first development ore production November 2007 and first longhole stope ore production March 2008.
Production Target 2008/09 (i)
Based on the previously delineated resource and reserve inventory, the recent exploration success at Lanfranchi and Deacon, and the continued investment in plant and infrastructure the Lanfranchi Nickel Mine’s potential production target for the 2008/09 (12 months ending June 09) operating year is approximately 13,250 tonnes (29.2 million lbs) contained Ni metal. This forecast represents a 150% increase on the 2006/07 (12 months ending June 07) actual ore deliveries. This rate of production is achievable provided the ramp-up at Deacon(2) and Winner progresses on schedule.
(1) See Company press release dated April 4, 2006 for details.
(2) See Company press release dated April 16, 2006 for details. Production of the Deacon Resource is contingent upon a positive feasibility study and subject to a development decision by the Lanfranchi Joint Venture.
Brilliant Mining Corp. owns a 25% interest in the Lanfranchi Joint Venture (“Lanfranchi JV”), which owns the Lanfranchi Nickel Mine together with associated infrastructure, mining leases and mineral claims. The remaining 75% interest in the Lanfranchi JV is held by Sally Malay Mining Limited.
The project is supervised by John Williamson, PGeol, of Edmonton, Alberta. Mr. Williamson, CEO and a Director of Brilliant Mining, is the qualified person as defined in National Instrument 43-101.
About Brilliant Mining
Brilliant Mining Corp. (BMC: TSXV) 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 3 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 Corporation, 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.
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