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To: LoneClone who wrote (42576)	9/4/2009 4:01:14 PM
From: LoneClone	Read Replies (1) \| Respond to of 193446

Adamus Resources Limited - Key Plant Items Secured Ahead of Schedule Fri Sep 4, 8:18 AM ca.news.finance.yahoo.com PERTH, Western Australia, Sept. 4 /CNW/ - Adamus Resources Limited ("Adamus" or the "Company") (TSXV, ASX: ADU) is pleased to announce that a new 3.5 MW SAG mill, supplied by Outotec Pty Ltd, is to be delivered ahead of schedule and below previous cost estimates. The purchase is part of Adamus' plan to source longer lead-time items for the Southern Ashanti Gold Project ("Southern Ashanti") to successfully achieve targeted project completion in late 2010. Commenting on the SAG mill purchase Adamus' Managing Director, Mark Bojanjac said, "Having successfully completed the recent $40 million equity raising, Adamus is now focused on delivering gold production in a timely and cost effective manner. The SAG mill purchase paves the path for Southern Ashanti to produce gold by the end of 2010. The supply contract on offer is for a larger mill which will be delivered at a cheaper price in almost half the time of previous estimates. Besides the securing of major plant items, Adamus has also added a number of key personnel as we progress to the construction phase at Southern Ashanti. Our recent hiring of Craig Wilson and Jeremy Langford, whom both have expertise and direct on-ground experience with constructing mines in the Ghana region over the past year, provides the core management team for infrastructure and plant construction. Given that all permitting has already been granted, key management personnel assembled and project debt financing is nearing completion, Adamus is well placed to achieve first gold pour at Southern Ashanti by year-end 2010". SAG Mill Order -------------- Adamus has ordered a 5.5m diameter, 7.3m length grate discharge Semi Autogenous Grind ("SAG") Mill with a 3,500kW drive from Outotec, one of the world's largest suppliers of specialist grinding mills. The mill contract has a 45 - 50 week build time and Adamus anticipates installation of the SAG mill at Southern Ashanti in late 3Q 2010. This proposed delivery time halves the time expected from the initial feasibility study in 2007, and is a two thirds of the quoted delivery time in the 2008 updated schedule. A considerably better price than originally estimated was also achieved. The mill will be capable of processing at a rate of up to 2.1mtpa of ore when fed soft oxide material for the first few years and will have a minimum throughput of 1.6mtpa on the harder Anwia sulphide ore scheduled towards the end of the project. Adamus expects to average 2.0mtpa throughput or better with blended ore types. Plant Build Contract -------------------- Discussions are well advanced in selecting a contractor from the shortlisted parties to construct the processing plant for Southern Ashanti. Adamus anticipates completion within the next 6 weeks. By ordering the mill now, Adamus has reduced the build-time while final detailed contractor negotiations are finalised. During discussions, Adamus has been impressed with the renewed ability of contractors to provide timely responses and dedicate quality teams of people to the assignment. This is a significant improvement in industry experience since last year and as a result we expect an efficient and smoother build program with more certainty achieving contract prices. More key staff appointments are in train as the company moves forward into production. Amongst these appointments being interviewed is the in-country Operations Manager. Kind regards (signed) Mark Bojanjac Managing Director/CEO Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution Regarding Forward Looking Information. Certain statements included in this announcement, including information regarding Adamus' plans with respect to its mineral properties, constitute forward-looking information. Forward-looking information includes, among other things, statements regarding expected operations. Forward-looking information is based upon a number of estimates and assumptions made by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances. While these estimates and assumptions are considered reasonable by the Company, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Investors are cautioned that forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein. Forward-looking information is made as at the date of this announcement and the Company disclaims any intent or obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise. Contacts please see our website: www.adamusresources.com.au or contact: Mark Bojanjac - Managing Director/CEO +61 8 9322 5943 email: mark@adamusresources.com.au Mark Connelly - Executive Director/COO +61 8 9322 5943 email: mark.connelly@adamusresources.com.au For media enquiries contact: Brian Thornton - Farrington National +61 2 9332 4448 email: bt@farrington.com.au