Vancouver, B.C. - Brilliant Mining Corp. (BMC: TSXV) ("Brilliant" or the "Company") is pleased to announce that the targeted increase in Nickel Ore Deliveries to 450,000 tonnes for the 08/09 production year (July 08 - June 09) from the Lanfranchi Mine to BHP Billiton Nickel West�s Kambalda Concentrator has been formally accepted.
"The approval of ore deliveries to 450,000 tonnes for the 08/09 production year clears the way for the Lanfranchi Mine to ramp-up to targeted production levels, reduce unit costs by capitalizing on economies of scale and maximize profit" states John Williamson, CEO of Brilliant Mining.
Targeted ore deliveries from the Lanfranchi Mine of 450,000 tonnes in the 08/09 production year translate into 3.8-4.0 million pounds of payable nickel metal to Brilliant and represent a projected 60% increase on the ore delivered to Nickel West compared to the previous 12 month period.
Figure 1: Historic and Targeted Ni Metal Production from the Lanfranchi Mine Payable to Brilliant Mining
Under the Ore Tolling and Concentrate Purchase Agreement (OTCPA) between BHP Billiton Nickel West and the Lanfranchi joint venture, BHP Billiton Nickel West has formally accepted ore deliveries sourced from the Lanfranchi Mine in 2008/09 in excess of the contracted 350,000 tonnes per annum. BHP Billiton Nickel West has a first right of refusal on any excess ore sourced from the Lanfranchi Mine.
Production from the Lanfranchi Mine unless stated otherwise in this press release is on a 100% gross production basis of which 25% is attributable to Brilliant Mining proportionate to the Company�s interest in the project.
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 100% ownership of the Michikamau nickel exploration 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:
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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.