Heron Resources Limited

Published : February 27th, 2018

Heron Awards Underground Mining Contract for the Woodlawn Zinc-Copper Project

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Heron Awards Underground Mining Contract for the Woodlawn Zinc-Copper Project

Sydney, Australia, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Heron Resources Limited (ASX:HRR; TSX:HER, “Heron” or the “Company”) is pleased to announce that it has awarded the Underground Mining contract for its wholly-owned Woodlawn Zinc-Copper Project (“Project”) located near Tarago, 250km southwest of Sydney, New South Wales, Australia, to specialist underground mining contractor, PYBAR Mining Services (“PYBAR”).

PYBAR is an Australian owned and operated company with a long track record in metalliferous underground mining operations and an outstanding reputation in the safe and timely execution of project works. 

PYBAR will mobilise to site within the next three months and is expected to commence underground mining operations at Woodlawn during August.

Heron’s Managing Director, Wayne Taylor, commented:

“The award of the underground mining contract for Woodlawn is a key step on the path to commencing production at Woodlawn in the first quarter of 2019.  We ran a very competitive tender process and we are pleased to have awarded the Woodlawn contract to PYBAR. In addition to their strong capability to undertake the proposed works, we see a significant advantage in their local New South Wales base for providing rapid project support. We look forward to working with PYBAR as we commence development and mining operations at Woodlawn.”

PYBAR’s CEO, Brendan Rouse, commented:

“PYBAR is delighted to be working with Heron at the Woodlawn Project. We look forward to bringing our strong local presence and innovative approach to Woodlawn and working in close collaboration with Heron’s technical team to deliver the Project successfully.”

About Pybar Mining Services

PYBAR is a nationwide provider of mining services with core competencies in metalliferous underground hard rock mining. Founded in 1993, PYBAR’s success to date is based on safe, rapid underground infrastructure development and consistent reliable production, delivering on projects from large established mining operations to greenfield developments. Headquartered in Orange, Central NSW, and privately owned, the PYBAR Group has assisted in the establishment of infrastructure and operations across Australia. The PYBAR Group provides a comprehensive service to the mining industry through a number of businesses including PYBAR Mining Services as underground contractors, HMR Drilling Services (exploration drilling) and JTMEC (mining electrical). PYBAR has achieved a position of the third largest underground hard rock mining contractor in Australia by focussing on productivity and the needs of their clients. For further information please refer to www.pybar.com.au  or e-mail pybar@pybar.com.au

About Heron Resources Limited:

Heron’s primary focus is the development of its 100% owned, high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, Australia.  In addition, the Company holds a significant high quality, gold and base metal tenement holding regional to the Woodlawn Project.

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Heron Resources Limited

CODE : HER.TO
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Heron Resources LTD is based in Australia.

Heron Resources LTD is listed in Canada. Its market capitalisation is CA$ 257.3 millions as of today (US$ 199.2 millions, € 161.8 millions).

Its stock quote reached its lowest recent point on December 06, 2017 at CA$ 0.06, and its highest recent level on January 26, 2018 at CA$ 0.80.

Heron Resources LTD has 415 009 381 shares outstanding.

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