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Encouraging Test Results for Malaysian Ready Mined Iron Ore Stockpiles Secured by Britannia

Reviewed

Jun 20 2014

Britannia Mining, Inc. (or the Company), a UK based mining development Company, announced today that SGS, the world's leading inspection, verification, testing and certification company has tested samples of the Malaysian ready mined iron ore stockpiles -- secured by Britannia -- yielding results that substantiate the Company's strategy to supply steelmakers.

"As there are few ores that can be added directly into a blast furnace for steel making," said Kenneth Roberts, CEO of Britannia Mining, "these results have not only validated our immediate iron ore supply, but also opened up additional revenue opportunities; namely increased product supply and value adding R&D potential."

"Between the two Malaysian 'ready mined' deals secured in March, Britannia now has 1.2 million metric tons (Mt) ready for distribution on a yearly basis. With opportunities increasing, these results could not have come at a better time."

Having to first wait for the test results to determine the grade and viable uses for the iron ore, Britannia is now well positioned to begin generating near term revenues. With two 6,000,000 metric ton distribution deals in place spanning mines in both East and Western Malaysia, the Company has the ability to distribute 100,000 Mt of ready mined iron ore, per month, for the next 10 years. Likely to begin distribution in the 4th QT; due to the results of SGS chemical analysis, Britannia has been able to prospect and identify at least 10 additional suppliers who had not been considered prior to the SGS results.

Mr. Roberts continued, "If we combine our new distribution opportunity with carbon reducing strategies and the capability of new technologies, we will be able to better assist those iron ore producers in moving towards adding value. This in turn, increasing efficiency and delivering social and environmental responsibility. Our upside here is tremendous."

Roberts concluded "With the opportunity to export imminent, coupled with longer term onshore processing initiatives, the opportunity in Malaysia could realize more than our initial expectations."

About SGS

SGS (http://www.sgs.com/ or http://www.sgsgroup.us.com/) is the world's leading inspection, verification, testing and certification company. Established in 1878, SGS is recognized as the global benchmark for quality and integrity having transformed grain trading in Europe by offering innovative agricultural inspection services. The Company was registered in Geneva as Société Générale de Surveillance in 1919.

With more than 80,000 employees and a network of more than 1,650 offices and laboratories around the world, SGS consists of ten business segments operating across ten geographical regions. Their core services can be divided into four categories (i) Inspection, (ii) Testing, (iii) Certification, and, (iv) Verification.

About Britannia Mining
Britannia Mining is a natural resources development company that is focused on acquiring high quality mineral, mining and other commodity based projects. The company is committed to developing revenues by conducting exploration, evaluation and trading activities. The company's mission is to secure commodities by developing immediate and near term product pipelines for iron ore and other natural resources.

Acquisition Focus
The company is targeting revenue producing assets and is currently in negotiations regarding acquisition and trading of mineral stockpiles.

Exploration Focus
The company has been developing a high grade iron ore project in Malawi and is currently renewing the Exclusive Prospecting License (EPL) for iron ore over 650 sq km at Nthale Blantyre. The company is targeting 100 Million Tons (MT) iron at Nthale Hill (20 sq km).

Britannia Mining has inherited the legacy projects (Gold claims) of the former Micron Enviro Systems in the Yukon and plans to conduct sampling on this area.

For more information, please visit www.BritanniaMining.com.

Source:

http://www.britanniamining.com