Positive metallurgical testwork results in Angola

Source：Minbos Resources Limited Release Date：2013-01-03 285

Metalworking

Minbos Resources Limited (Minbos) announces the results from the recently completed metallurgical testwork campaign carried out on diamond core from the Company’s Cacata Phosphate Project in the Cabinda Province in the Republic of Angola.

per scoping study confirmed

· Upgradeability of +23% P2O5 Cacata ore to + 34% P2O5 proven

· +23% P2O5 ore provides significant increase in resources for development

project

· Upgradeability of lower grade < 23% P2O5 ore confirmed by adding flotation

Minbos Managing Director, Mr Scott Sullivan, said:

“This next set of metallurgical results confirms both the previous metallurgical testwork and the processing route for Cacata ore in the scoping study published earlier this year. By confirming that the +23% P2O5 material can beneficiate to premium commercial grade concentrate levels of +34% P2O5 , this potentially significantly increases the volume of ore that can be processed at Cacata with a basic beneficiation circuit. This

provides the Company with several options to consider during the upcoming BFS; including whether increase the life of mine or increase the throughput and production, both of which will significantly improve the already very attractive economics of Cacata. The ongoing receipt of positive results on Cacata confirms the Company’s opinion on Cacata and its potential to become a world class low Capex and low Opex producer of

Puma Rihanna Creeper