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Ormonde Mining plc

Ormonde Mining's Steve Nicol upbeat as Barruecopardo tungsten mine continues towards 2017 start up

Ormonde Mining managing director Steve Nicol sat down with Proactive Investors to talk us through the busy phase of work currently underway as the development of the Barruecopardo tungsten mine progresses towards completion.
Fully funded, fully permitted and on track for a 2017 start up, the Spanish mine is very much the focus for management and investors alike.
Importantly, tungsten is in demand. Nicol explains that a major project like Barruecopardo would have to come online every year for supply to keep up with demand – but currently his company is the only one out there with a funded development.
“It [Barruecopardo] is fully funded, and it will be coming online in 2017 to feed into the supply shortfall at that time,” he said.

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Price: £0.02

Market: AIM
Market Cap: £9.92 m
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Ormonde’s new board focused on brining Barruecopardo to production

Ormonde Mining’s Steve Nicol (LON:ORM) says the company’s new management team is focused on delivering the firm’s Barruecopardo tungsten project, growing value of the asset and extending its mine life. Paul Carroll, recently appointed CFO and non-executive director Jonathan Henry make up...

on 27/10/15

2 min read