Rambler Metals & Mining

Rambler's Strategy

Rambler's strategy is to identify opportunities for acquisition, exploration and development of base metal deposits in countries with perceived low political risk. The Directors have experience in the complete cycle of base metal mining exploration, mine development, fund raising, metals and concentrate trading and commercial negotiations with the shipping and smelting industries.

Rambler's first project is the exploration and drilling programme on the Rambler Property where it will seek to develop a reserve that can support profitable, underground large scale bulk mining. During the drilling and exploration programme on the Rambler Property, which will take place during 2005 to 2008, Rambler will actively work to identify additional projects that meet Rambler's criteria in exploration potential, economics and geo-political location. (Read More)

Ming Mine Project

Rambler Metals and Mining was established to invest in the base metal sector in politically stable jurisdictions. Its principal project is the Ming Copper-Gold Mine, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada.

With all permitting and project financing now in place, site construction and pre-production development is well underway with the target of first production during the second half of 2011.

Recent Events

• April 2011 Development Plan approved for Tilt Cove East Mine. Operation expected to begin in June.
• April 2011 commenced mining of the Nugget Pond Crown Pillar.
• March 2011 the project is on track for first production during the second half of 2011.
• January 2011 construction work on the mill’s foundation and second means of egress via the shaft complete. Concentrator steel and new office /dry facility construction underway.
• September 2010 the company embarked on a custom toll     milling arrangement, generating its first revenues.
• May 2010 the company received notification for the environmental approval of the Ming Mine project.
• March 2010 the company successfully negotiated a US$20M funding from Sandstorm Resources (TSX-V:SSL) to bring the former producing Ming Mine back into production. (Read More)

Nugget Pond Mining Facility

The Nugget Pond Milling Facility is located on the Baie Verte Peninsula in northeastern Newfoundland. Rambler purchased the facility from Crew Gold Corporation in October 2009 for $3.5 M CDN. The mill is only 40 km from the Ming Mine Site and it is envisioned that with minor modifications and the addition of a copper floatation circuit the facility will be capable of processing up to 850 mtpd of Ming Ore.

First commercial production at Nugget Pond began in April 1997 at a nominal rate of 350 mtpd. The plant was later optimized to 500 mtpd. The gold rich deposit had a proven and profitable mine life of four years and by the spring of 2000 the existing Nugget Pond ore reserve was exhausted. Fortunately, at that time, the present owners were already in the process of developing the Hammerdown deposit in the King's point area which added an additional 4 years of processing. By the middle of 2004 the facility was placed under a care and maintenance program.

In June of 2006 Crew Gold Corporation acquired Nugget Pond for the processing of their Nalunaq gold deposit in Greenland. The plant began commercial production on this ore body in February 2007 however due to high transportation costs this campaign ended in June 2009. At that time, Crew Gold immediately entered into a toll milling agreement with Anaconda Mining Inc for their Pine Cove deposit. The agreement was cancelled in December 2009 and the plant is currently under care and maintenance.

The Nugget Pond facility has surpassed all expectations by running continuously at 98% availability with an average recovery of 95% over the past 10 years. Since its first production in 1997 on the Nugget Pond deposit, the mill has seen ore from three other gold deposits with almost 1.5 million tonnes of ore processed over its life.

The mill itself has a modern but conventional mill circuit that includes leading edge computerized process control systems that assisted mill operators for both production and environmental control. (Read More)

Rambler's Board of Directors

Harry Dobson - Chairman        George Ogilvie - President & CEO

Norman Williams - CFO            John Baker - Director           

John S. Thomson - Director      Brian F. Dalton - Non-Exec

Brian Hinchcliffe - Non-Exec      Leslie Goodman - Non-Exec

Merv Roberts - Non-Exec           Stanley Neamonitis - Non-Exec

For more information on Rambler's Directors click HERE

For information on Rambler's Management click HERE