Celamin NL : 06/08/2014 Formal launch of BFS for the Chaketma Phosphate Project

ASX Announcement 6 August 2014

ACN 139 255 771
ABN 82 139 255 771
Level 4, 100 Albert Road
South Melbourne VIC 3205

Contact:

Phone: [phone]
Fax: [phone] [e-mail]

Media and Investor Relations:

James Moses
Mandate Corporate
Phone: [phone] [e-mail]

Board of Directors:

Andrew Thomson, Non-Exec Chairman Russell Luxford, Non-Exec Director Martin Broome, Non-Exec Director David Regan, Non-Exec Director
Tim Markwell, Non-Executive Director

Chief Executive Officer:

Nic Clift

Company Secretary:

Melanie Leydin

Securities on Issue:

CNL: 235,671,986 ordinary shares

CNLCA: 14,887,796 partly paid shares

Formal launch of BFS for the Chaketma Phosphate Project Highlights:

• Celamin Holdings formally launches Phase One of its BFS

for the Chaketma Phosphate Project in Tunisia.

• First phase of the BFS will include:

o Upgrading the Mineral Resource from Inferred to

Measured and Indicated.

o Continuation of the project's Environmental and

Social Impact Assessment.

o Next phase of metallurgical test work, and

o Assessment of major infrastructure.

requirements; port/rail/road access and energy sources.

• Updates on progress of the BFS to be provided in due course.

Phosphate exploration and development company Celamin Holdings NL (ASX: CNL) (Celamin, the Company) is pleased to announce formal approval of the work plan and budget for the first phase of the Bankable Feasibility Study (BFS) for the Chaketma Phosphate Project in Tunisia.
The Chaketma Project is a significant, large scale phosphate development prospect located 200 kilometres south west of the Tunisian capital, Tunis.
Celamin CEO, Nic Clift, commented: "The decision by the Chaketma Board to approve the work plan and formally launch the BFS for the Chaketma Project marks an important milestone in the company's history. We look forward to working together with our local partner TMS to achieve the successful development of this ground breaking project."
The first phase of the BFS will focus specifically on the project's key risk factors, and will include the following:

• Upgrading the current Mineral Resource from the Inferred category to Measured and Indicated, to cater for the first 10 years of production;

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• Continuation of the project's Environmental and Social Impact Assessment (ESIA);

• Next phase of metallurgical test work to provide confirmation, and optimisation, of the reliable recovery of phosphate to saleable product specifications;

• Confirmation of the availability of sufficient water to support the proposed future mining operations at the project;

• Confirmation of the availability of major infrastructure requirements to support the project;

o Port/rail/road access; and

o Access to required energy sources (electricity and natural gas).

Celamin holds the Chaketma Phosphate Permit in joint venture with its Tunisian partner, Tunisian Mining Services (TMS), where Celamin holds a 51% interest and TMS 49%. The joint venture is known as the Chaketma Phosphate Partnership (the Partnership), and is the entity responsible for the development of the Chaketma project.
With the work plan and budget for the BFS now formally approved, the Partnership will immediately embark on the components of the first phase of the BFS.
Prior to approving the commencement of the BFS, the Partnership conducted a very successful workshop in Tunis to review the understanding of the geology of the Chaketma phosphate deposits. The workshop provided the basis for establishing the work programme to upgrade the JORC Resource, which will be a core component of phase one of the BFS. Ministry of Industry representatives, including geologists from the office of the Director General of Mines, were also in attendance.
The Company looks forward to providing updates on the progress of the BFS in due course.
ENDS

For further information or enquiries, please contact:

Nic Clift James Moses
Managing Director Media and Investor Relations
Celamin Holdings NL. Mandate Corporate
T: [phone] T: [phone]
E: [e-mail] E: [e-mail]
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About Celamin Holdings NL

Celamin is an ASX listed mineral resources company (ASX: CNL) focused on the exploration and development of the Chaketma Phosphate Project in Tunisia. The project comprises six prospects over a total area of 56km2. Celamin holds the Chaketma Phosphate Permit with its Tunisian partner Tunisian Mining Services (TMS).
The project currently has a total JORC compliant Inferred Resource of 130Mt @ 20.5% P 2 O5 . The Resources inventory comprises a JORC compliant Inferred Resource of 93Mt @ 20.3% P₂O₅ at the Gassa Kebira prospect, and a JORC compliant Inferred Resource of 37Mt @ 21% P₂O₅ at the Kef El Louz North prospect. Only drilling at these two prospects is included in the current Resource statement
The Kef El Louz prospect is the largest of the prospects within the Chaketma project area. It is approximately six kilometres from north to south, and covers an area of more than three square kilometres. Mapping, trenching and drilling at the north-western corner of the Kef El Louz prospect has confirmed that this area has the potential to meet grade, as well as metallurgical and strip ratio criteria.
Gassaa Kebira is the northernmost prospect. It has an elongate shape and spans approximately
2.6km north-south and 0.9km east-west, over a surface area of 2.36km2.
Celamin is focused on completing a Definitive Feasibility Study at the Chaketma Project as its next stage in the project's development. Ongoing exploration at the project consists of mapping, drilling and channel sampling across all prospects - including the Gassa Kebira, Sidi Ali Ben Oum Ezzine, Kef EL Louz and Douar Ouled Hamouda prospects.

Chaketma Phosphate Project location.

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