Ormonde Mining Plc is an AIM & ESM listed mineral resource company which is developing mining projects and carrying out exploration in Spain. Ormonde's key activities: The Barruecopardo Tungsten Project - Ormonde aims to develop this world class tungsten project during 2014. Once in full production it will deliver ~12% of current non-Chinese world tungsten concentrate supply; operations to be expanded post start-up to become a major long-life mine. The La Zarza Copper-Gold Project - A large “massive sulphide” deposit with significant copper, gold and zinc resources. Gold exploration in several highly prospective areas of western Spain.
05/02/14Ormonde Mining: EID approval paves way for mining licence at Barruecopardo
04/02/14Ormonde Mining: Almonty Industries will not proceed with offer
31/01/14Ormonde Mining appoints advisor for Barruecopardo financing
09/01/14UPDATE - Ormonde Mining moves step nearer environmental approval at Barruecopardo
20/12/13Ormonde Mining suitor prompted to state takeover intentions
No documents available.
No documents available.
The name Ormonde Mining was derived in 1996 when the company was based in Kilkenny, Ireland. Kilkenny, the only inland city in Ireland and the capital of Ireland for the Gaelic-Norman side during the Confederation - Parliamentarian wars of 1641-1653, was the seat of the Butlers, the Earls of Ormonde and the company name was taken from this head office location.
Ormonde was one of the three kingdoms of Munster, as is depicted by the three crowns on the coat-of-arms of Munster (as shown on the Munster Rugby Club coat-of-arms), the other kingdoms being Desmond and Thomond (as in Thomond Park). These three names, Desmond, Thomond and Ormonde are anglicisations of the Gaelic names, Deas Mhuman, Tuadh Mhuman and Urh Mhuma, which translate, respectively, as South Munster, North Munster and East Munster. Deas Mhuman (Desmond) was originally the kingdom of the MacCarthys, while Tuadh Mhuman (Thomond) was the seat of the O’Brien’s, both kingdoms eventually being subsumed into the Earldom of Desmond , (the seat of the Fitzgerald’s), and the Earldom of Ormonde, (the seat of the Butler’s).
Consequently a direct translation of Ormonde Mining Plc would be “East Munster Mining Plc”.
In completing the background it should be noted that the name Munster derives from a pre-Christian goddess, Muma. The full English name incorporates the original Gaelic, together with the Norman suffix "-ster", which is related to the modern French terre, meaning "land".
Barruecopardo Tungsten Project
Ormonde’s 100% owned Barruecopardo Tungsten Project in western Spain is one of the premier undeveloped tungsten projects in the world outside of China:
La Zarza Project
Salamanca & Zamora Gold Exploration
Ormonde’s extensive gold properties in western Spain have the potential to host significant gold resources, as highlighted in a Geological Report prepared by independent consultants CSA Global (UK) Ltd (“CSA”), which outlined significant gold potential and recommended priority drilling targets on the main prospects identified.
The CSA Report indicates that Ormonde’s Salamanca permit area incorporates all the major features of classic intrusion related gold systems (“IRGS”). Such systems host a considerable number of large scale, lower grade gold deposits in various parts of the world, including Mokrsko in the Czech Republic (>3.2 Moz), Dublin Gulch, Yukon (3.9 Moz) and Fort Knox, Alaska (3.8 Moz). The CSA report comments that:
The gold ground-holdings are divided into gold-tungsten and gold-only prospects. In March 2011, the Company entered into a joint venture with Aurum Mining Plc (“Aurum”), whereby Aurum funded exploration activities on Ormonde’s gold-only prospects which comprise four permit areas over a total area of 106 square kilometres. Following the completion of a total earn-in expenditure of €500k (in July 2012), Aurum earned a 60% interest in two permit areas in the Zamora Province (covering the Pino de Oro Project) and a 54% interest in a further two permits in the Salamanca Province (the Peralonso and Cabeza de Caballo areas). Ormonde is Manager of the Joint Venture.
Results from the Aurum JV have been very encouraging with initial drilling at Peralonso returning several gold intersects at shallow depth including 10m grading 3.4 g/t gold (from 46.9m depth). Initial trenching at Cabeza de Caballo has returned good gold grades over significant widths including 21m grading 3.7g/t gold. At the El Facho Prospect in Zamora a preliminary, non-JORC compliant Mineral Resource (undertaken to guide future drilling programmes) of 122,000-145,000 ounces of gold has been estimated based upon all drilling to-date.
For more information on Ormonde's projects please click here
Kerr Anderson - Managing Director
A geologist by profession, Kerr has worked in the mining and exploration industry in Europe for over 20
years. He has worked extensively in Spain on gold and base-metal projects. He was exploration manager with
Navan Mining plc prior to joining Ormonde as Managing Director in May 2001.
John is a chartered secretary with over 30 years experience including seven years as a manager with
KPMG in the Investment Company Department. He has widespread business contacts in Ireland and significant
experience in the resource sector. He was appointed Company Secretary in March 2005. John is on the Audit
Committee and the Remuneration Committee.
A mining engineer by profession, Mike has wide experience in the evaluation, funding, development
and operation of mines in Europe, Africa, South-East Asia, Australia and the Americas. His executive management
experience includes an eight-year period as General Manager - Operations for Delta Gold NL, Australia. Mike
was appointed Chairman of Ormonde in April 2004. He is on the Audit Committee and the Remuneration Committee.
Steve is a mining engineer with some 25 years experience in the mining industry, initially in operations
and subsequently in mine evaluation and development projects. He has held production supervisory roles in various
underground and open pit mines in Australia and Europe, culminating in a two year period as Managing Director of
an Italian based gold mining and exploration operation. Prior to joining Ormonde, Steve had been operating as an
independent consultant working on gold and base metal mine evaluation projects in Romania, Greece, Italy,
Guinea, Kazakhstan, Canada and the Congo. Steve was appointed to the Board in April 2008.
David is an experienced Chartered Accountant & Head of Finance with in-depth knowledge of financial
management. Between 1997 and 2001 he was Chief Financial Officer & Company Secretary at MV Technology (MVT).
Prior to MVT, he was Group Financial Controller and Company Secretary with Navan Resources plc during its
formative years when it developed and operated mines in Bulgaria, Spain and Hungary.
The Company has been informed that, in addition to the interests of the Directors (see below), the following shareholders own 3% or more in the issued share capital of the Company as at 23/04/2013.
Information taken from company website 23.01.2014
9 Abbey House
Tel: +353 (0)1 8253570
Fax: +353 (0)1 8015906
Investor relations contact: Paul Carroll
NOMAD, IEX Adviser & Broker
49 Dawson Street
Computershare Investor Services (Ireland) Ltd
Sandyford Industrial Estate
LHM Casey McGrath
Chartered Certified Accountants and Registered Auditors
6 Northbrook Road
6 Middle Street
Mason Hayes & Curran Solicitors
South Bank House
Crowe Horwath Legal y Tributario
José Abascal 44, 6º dcha.
Dominic Dowling Solicitors
37 Castle Street
Allied Irish Banks plc
Banco de Castilla
Agencia Urbana, No. 14
Avda. Portugal, 117-121
Centro de Empresas de Salamanca
C. Rector Lucena, 11 B