20 February 2017

Alexander Mining plc

("Alexander" or the "Company")

Progress on Licence Agreement with Accudo Metals Pty. Ltd.

Alexander is pleased to report the following statement received from Accudo Metals Pty. Ltd. ("Accudo") on its leaching technologies licence agreement in Australia.

Accudo advises that it has completed the Scoping Study on the first Australian copper project to be trialled with AmmLeach^® technology licensed from Alexander. 

Dr Saliba Sassine, a director of Accudo, said: "The results of the Scoping Study were assessed by the company as being positive and encouraging.  We are now evaluating the study in detail with a view to making a decision on the next stage of work, which would logically be starting work on a Feasibility Study.  Accudo will now negotiate with the owners of the copper assets on a variety of matters, including the proposed Feasibility Study and commercial terms beyond.  We will advise Alexander Mining of the outcomes as and when they complete."

Martin Rosser, Chief Executive Officer, said: "We are pleased with the positive technical work progress to date and look forward to Accudo advancing this first copper project opportunity."

Background on Accudo 

Accudo is a special purpose vehicle established to hold granted licences for the MetaLeach technologies and to test the Leaching Technologies on target ore bodies with a view to taking these into commercial production.  The company will pursue these projects in a systematic manner and subject them to detailed testing and definitive feasibility studies ahead of commercial production.  The privately-held company is funded by sophisticated investors and clients of BlueMount Capital, a national mid-tier Australian investment bank.  BlueMount Capital specialises in corporate finance, including IPO, M&A, MBO and cross border transactions (www.bluemountcapital.com).

This announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.

ENDS

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