March 3, 2008
BISHA Update � SAG & Ball Mills
Ordered
Nevsun Resources Ltd.,
(NSU-TSX/AMEX) (�Nevsun�) is pleased to announce that the Bisha Mining Share
Company (�BMSC�), the Company�s Eritrean subsidiary, has reached another
important milestone for the Bisha Project.
The longest lead delivery
items and hence the �critical path� limitation for the development of the Bisha
Mine are the grinding mills. BMSC has selected the supplier of the
semi-autogenous (SAG) and ball mills for the project following a competitive
bidding process and an order has been placed for both the SAG and ball mills
with Polysius AG, a division of ThyssenKrupp Engineering. The selected SAG mill
is 6.1m diameter by 3.0m with a 2000 kW drive and the ball mill is 5.5m diameter
by 8.3m with a 4500 kW drive.
Planned installation of
this equipment at the Bisha mine site is November 2009 for the SAG mill and
December 2009 for the ball mill, clearing the way for the commissioning in 2010.
The milling circuit is based on a design capacity of 2 million tonne per year
for the mine start processing the gold-bearing surface oxide cap of the Bisha
deposit.
After the first two years
of operations which involves processing only the gold-bearing oxide cap, the
mills will be fed for three years with high grade supergene copper sulphide ore
followed with zinc/copper rich primary massive sulphides for the remaining mine
life. Both the supergene and primary massive sulphide ores are softer ores to
crush and mill relative to the significantly harder surface oxide cap. Thus
after year two, the completed grinding circuit will have capacity in excess of
the initial design capacity of 2.0 million tonnes per year which should prove
advantageous for any future expansion of mining of the sulphide
ores.
The Company looks forward
to progressing the Bisha Project with the continued full support and
contribution of the Eritrean Government.
Forward Looking Statements: The
above contains forward-looking statements concerning the Bisha Project,
anticipated financing and financial health, government support and other events
or conditions that may occur in the future. Forward-looking statements are frequently, but not always, identified by words such as �expects,�
�anticipates,� �believes,� �intends,� �estimates,� �potential,� �possible� and
similar expressions, or statements that events, conditions or results �will,�
�may,� �could� or �should� occur or be achieved. Forward-looking statements are statements about the future and are inherently uncertain, and actual
achievements of the Company or other future events or conditions may differ
materially from those reflected in the forward-looking statements due to a
variety of risks, uncertainties and other factors. The Company�s forward-looking statements
are based on the beliefs, expectations and opinions of management on the date
the statements are made and the Company assumes no obligation to update such
forward-looking statements in the future.
For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
NEVSUN RESOURCES
LTD.
�John A.
Clarke�
Dr. John A. Clarke President
& Chief Executive Officer
Nsu08-03.doc |
For further
information, Contact: Judy Baker (416) 786-7860 or Nevsun
(604)623-4700 or 888-600-2200 e-mail: nevsuninfo@nevsun.com Website: www.nevsun.com |