15 December 2014
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
PLANS FOR ANTIMONY AS WELL AS GOLD TO BE MINED AT CLONTIBRET
* Elevated Antimony Contents in Gold Flotation Concentrate
* Metallurgical Testwork Indicates Potentially Economic Quantities of
Antimony
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
exploration and development company focused on Ireland and Finland, is pleased
to announce plans for antimony to be mined at Clontibret in addition to gold.
Antimony is specified by the European Commission as a critical raw material and
a large supply deficit is also forecast by the European Commission. The product
is used primarily in the production of flame retardants.
Metallurgical testwork has revealed that potentially economic quantities of
antimony may occur in the gold bearing concentrate at Clontibret following
flotation.
Work has been conducted to identify flowsheet options to allow for the
extraction of the antimony from the gold bearing concentrate. Several process
options have been identified, and future metallurgical testwork will include
testing these options and optimising extraction to provide a saleable antimony
product.
This release has been approved by Michael Brennan (MSc, SAIMM), who is a member
of the Company's technical staff, in accordance with the guidance note for
Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of
AIM Companies, which outlines standards of disclosure for mineral projects.
Professor Richard Conroy, Chairmancommented:
"Thepotentially economic quantities ofthe strategically important
mineralantimony,in addition to the gold which is intended to be mined at
Clontibret, is a very welcomefurther development as the Company moves forward
with its mining plans for Clontibret."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-661-8958
Professor Richard Conroy, Chairman
Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200
Virginia Bull/Simon Clements
Hybridan LLP (Broker) Tel: +44-20-3713-4580
Claire Louise Noyce/William Lynne
IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800
Ger Heffernan
Lothbury Financial Services Tel: +44-20-3440-7622
Michael Padley/Gary Middleton
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygold.com