Vancouver, B.C. - Brilliant Mining Corp. (BMC: TSX-V) ("Brilliant" or the "Company") today provides a preliminary review of the last twelve months of operation (July 07 to June 08 mine-plan year end) and forecast for the 2008/09 production year at its 25% owned high-grade Lanfranchi Nickel Mine in the world class Kambalda Nickel District of Western Australia.
Key Point Summary
- Contained nickel metal production increases 40% in 07/08 over previous year (e)
- 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 (e)
- Proven track record of production growth for three consecutive years
Preliminary 2007/08 Production Update
The Lanfranchi Mine is estimated to report a record 7,300 tonnes (16.1 million lbs) of contained Ni metal for the 2007/08 production year which represents a 40% increase over the 2006/07 production period. 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: Annual Production at the Lanfranchi Mine � Historical and Forecast � 100% Gross Production Basis
Ore |
Details |
Units |
2008/09 (f) |
2007/08 (e) |
2006/07 |
2005/06 |
Produced |
Ore mined |
dmt |
440,000 � 460,000 |
285,600 |
229,614 |
107,701 |
|
Ni grade |
% |
2.70 |
2.56 |
2.27 |
2.53 |
|
Ni metal contained |
t |
11,850 - 12,350 |
7,300 |
5,215 |
2,722 |
|
|
MLbs |
26.1 � 27.2 |
16.1 |
11.5 |
6.0 |
|
Cu grade |
% |
0.20 |
0.21 |
0.20 |
0.22 |
Delivered |
Ore delivered |
dmt |
|
280,700 |
227,542 |
107,133 |
|
Ni grade |
% |
|
2.54 |
2.27 |
2.51 |
|
Ni metal contained |
T |
|
7,140 |
5,168 |
2,691 |
|
|
MLbs |
|
15.8 |
11.4 |
5.9 |
|
Cu grade |
% |
|
0.22 |
0.20 |
0.22 |
Key Point Summary and Table 1 Notes:
25% of the Production is attributable to Brilliant
(e) preliminary estimate to be finalized upon reconciliation
(f) preliminary forecast to be finalized upon detailed scheduling
(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 attributable share of forecast production is in the range of 2,960-3,090 tonnes (6.5-6.8 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.
Chart 1: Annual Nickel Metal Production at the Lanfranchi Mine � Historical and Forecast
Chart 1 Notes:
25% of the contained nickel metal production is attributable to Brilliant
07/08 Estimate = preliminary June 2008 year end production estimate to be finalized upon reconciliation
08/09 Forecast = preliminary June 2008 year end production forecast to be finalized upon detailed scheduling
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.
The project is supervised by John Williamson, PGeol, of Edmonton, Alta. Mr. Williamson is chief executive officer and a director of Brilliant, and is the qualified person as defined by National Instrument 43-101.
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.