Mabwe Minerals, Inc. (MBMI) New Purchase Order Brings Total Orders above Previous Estimates

Mabwe Minerals, a U.S.-based natural resources and hard asset company primarily engaged in the mining, logistics, and commercial sales of barite, reports that its Zimbabwe affiliate, Mabwe Minerals Zimbabwe (Private) Ltd., has been issued a second purchase order for 10,000 metric tons. This new order brings the total tonnage purchased this quarter to 12,000 metric tons, topping earlier estimates.

Mabwe’s distribution partner, Steinbock Minerals, completed its third visit in early December. WGB Kinsey & Company, the Zimbabwe-based company responsible for managing all aspects of Mabwe’s Dodge Mine project in Zimbabwe, is working with all parties to implement processes and procedures to further improve the site’s production efficiencies.

Mabwe also reports that a jigging system has been identified in South Africa and that four truckloads of barite will be sent to the site for final testing shortly after the New Year.

WGB Kinsey & Company has cleared all overburden and staged halo zone barite for further jigging once in production by the second quarter. The company reports that east barite lens has now been fully exposed with production into the lens to begin after the New Year. During the process, an ADIT tunnel was exposed leading 60 meters into the first hill of Dodge Mine. The tunnel exposed the barite lens continuing into the first mountain trending upwards toward the historic Glory Hole, as expected.

Furthermore, Mabwe reports that the Pycnometer test equipment, used to determine the specific gravity of barite, has been delivered according to the company’s plan to install a Dodge Mine test facility on site.

“We are excited about the events shaping up for the first quarter next year. Steinbock Minerals has released their second purchase order exceeding expectations, WGB Kinsey will begin barite production into the barite lens, large quantities of barite targeted for the jigging system is stockpiled, testing of the jigging equipment in South Africa is in play and the first key piece of test equipment for the Dodge Mine test facility is in house,” Tapiwa Gurupira, director of Mabwe, stated in the news release.

To view the latest edition of the MabweMessage Newsletter, which shows the purchase order, on-site multimedia and additional information, visit http://dtg.fm/mbmi-letter-12-18-13.

For more information, visit www.mabweminerals.com

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