There has never been any monkeys. Sydney - Thursday - August 9:...

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    There has never been any monkeys.

    Sydney - Thursday - August 9: (RWE Australian Business News) -
    RMA Energy Ltd (ASX:RMT) has completed all acquisition and set-up
    requirements at its McCauley Creek and Coane Range projects in northern
    Queensland in readiness for the start of tin and copper production in
    the fourth quarter of 2007.
    "We are targeting a significant resource, which the company is
    looking to prove up following the current RAB drilling program that is
    nearing completion," managing director Mr Clive Triplett said.
    Planned production will be in line with the requirements of a
    "low-impact licence", which allows for the production of 1000 tons of
    metal per annum.
    On current prices and at this tonnage RMA expects to yield an
    annual cash-flow of around $29m.
    In preparation for this production RMA has procured all
    necessary plant and equipment, and is finalising the fit-out of its
    processing plant, which is due for completion by October.
    Experienced contractor Harrington's has been secured to provide
    crushing and separation services, as well as haulage to the processing
    plant.
    In addition, the company has secured all required regulatory
    approvals related to operating the processing facility.
    RMA now awaits the granting of its low-impact mining licence for
    these projects, which it expects to have awarded in the next eight to 10
    weeks.
 
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