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Ormonde gears up for transformation

Thursday, September 27 10:27:42

Irish tungsten prospector, Ormonde Mining, today said that it now has most of the parts in place to execute its plan to transform the company with the development of its flagship Barruecopardo Tungsten Project in Spain.

"Throughout 2012, we have been putting in place the essential building blocks to enable the transformation of the Company to take place next year with development of our flagship Barruecopardo Tungsten Project, Spain. Following completion of the Definitive Feasibility Study and submission of documentation for Final Permitting, we have moved to advance capital funding arrangements and are currently in discussions with selected parties," said Michael Donoghue, Chairman of Ormonde.

"These discussions are progressing and on completion in the coming months will pave the way for the development plan to be implemented at Barruecopardo in 2013," he added.

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