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Ming

Rambler Metals & Mining PLC

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The Ming Mine is a past producing underground massive sulfide copper-gold mine located in northwestern Newfoundland and operated by Rambler Metals & Mining PLC (TSXV:RAB, AIM:RMM). The area has a strong history of gold, base metal and industrial minerals mining.

Production initially began in late 2011 and Rambler is currently producing a copper concentrate. Rambler recently provided a reserve and resource estimate update for the Ming Mine showing the replacement of all tonnes mined from the 1807 Zone to-date, thereby extending the mine life by one year. Additionally, all zones remain open to further exploration. Drilling at Ming has returned positive results including several holes reporting visible gold contained within and near the massive sulphides indicating the potential existence of undiscovered high grade gold zones.

Terms

Sandstorm has a gold stream agreement to receive 25% of the first 175,000 ounces of gold, and 12% of the life of mine gold produced thereafter from the Ming Mine. In the event that the metallurgical recoveries of gold at the Ming Mine are below 85%, the percentage of gold that Sandstorm shall be entitled to purchase shall be increased proportionally. There is no ongoing cost per ounce for the gold delivered from the Ming Mine.

Sandstorm made an upfront payment of US$20 million to acquire the stream in March 2010.

 

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Corporate Head Office

Suite 1400
400 Burrard Street
Vancouver, BC | V6C 3A6 Canada

604.689.0234
1.866.584.0234
604.689.7317

info@sandstormLTD.com
www.sandstormLTD.com

Investor Relations

Denver Harris

604.628.1178
1.866.584.0234 ext. 254

dharris@sandstormLTD.com
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