31 Dec

Audited Results For the Year Ended 30 June 2014

International Mining & Infrastructure Corporation plc (AIM: IMIC), the AIM-listed company focused on unlocking the value of African iron ore, announces its preliminary results for the year ended 30 June 2014.

Highlights

• Acquisition of Afferro Mining Inc. (“Afferro”) completed in December 2013

• Integration of Afferro completed and process for development of iron ore assets in Cameroon under way

• Significant progress towards targeted initial production expected to commence within three years from the Ntem iron ore deposit

• Pre-Feasibility Study for 2.7 billion tonne (“Bt”) Nkout iron ore project commenced with final report due in first quarter 2015

• Definitive Feasibility Study for the Nkout deposit to begin in 2015

• Appointment of Ethelbert Cooper, with circa 35 years of experience in the African natural resources sector, as Non-Executive Chairman

–  Increase in overall Mineral Resource of 225 million tonnes (“Mt”) to over 2.7 Bt

–  68% increase in total direct shipping ore (“DSO”)/Saprolite Indicated resource to 252 Mt at 43.2% iron (“Fe”) 

Full announcement...