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Brilliant Mining Corp.: June 2007 Quarterly Nickel Ore Deliveries
CCNMATTHEWS
Brilliant Mining Corp.
July 17, 2007 - 09:01:41 AM
Brilliant Mining Corp.: June 2007 Quarterly Nickel Ore Deliveries
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 17, 2007) - Brilliant Mining
Corp. (TSX VENTURE:BMC) ("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)
--------------------------------------------------------------------------
3 months 3 months 3 months
ending ending ending
Details Units 30 Jun 2007 31 Mar 2007 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
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(i) 25% of the reported ore deliveries or production is attributable to
Brilliant Mining Corp.
(ii) DMT equals dry metric tonnes, T equals tonnes, Lbs equals 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. (TSX VENTURE:BMC) 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, B.Sc., MBA, President
Brilliant Mining Corp.
R.J.
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