EMED Mining has four property interests, all in Europe. The Company is focused primarily on two key projects in Spain and Slovakia that hold the most potential to add major value, while ancillary interests are in Cyprus and Turkey.
The 100%-owned Rio Tinto open-pit copper mine and processing infrastructure constitute an exceptional opportunity for EMED Mining to produce copper at a low acquisition and start-up cost. Permitting and planning to restart the mine is currently well advanced.
At EMED Mining’s 100%-owned Detva gold project, a preliminary economic analysis (scoping study) of the Biely Vrch mine indicates encouraging economic potential and the project is moving toward development into a 60,000 ounces per annum gold mine. EMED Mining is also exploring for gold at other locations within the Company's large licence area in central Slovakia.
Exploration areas are focused on the Troodos ophiolite complex. Activities are targeting a mineralisation style consisting of volcanic-hosted massive sulphide copper deposits under shallow cover rocks, similar to the larger past Cyprus copper mines, three of which exceeded 10 million tonnes of ore hosting grades between 1.0% and 4.5%.
KEFI Minerals Plc
KEFI Minerals Plc was admitted to AIM in December 2006 and is 7%-owned by EMED Mining. KEFI Minerals owns carefully selected licence areas in Saudi Arabia and Ethiopia, as well as an extensive proprietary database of regional and specific exploration data providing a pipeline of further projects to evaluate. Further information can be found at www.kefi-minerals.com.
reserves and resources
EMED Mining’s reserves and resources for the Rio Tinto project are set out below:
|Total Ore Reserves||123||0.48||585|
|Total Measured & indicated Resources||203||0.46||930|