Rambler Metals and Mining: Three Month Production Results

Rambler Metals and Mining (TSXV: RAB, AIM: RMM), a copper and gold producer operating in Newfoundland and Labrador, Canada, today provides an operational update for the first quarter ended 31 October 2016 (‘Q1/17 Stub’).

Summary for Q1/17 Stub: Ore, Concentrate and Saleable Metal Production
PRODUCTION	Q1 Stub/17		CONCENTRATE (Delivered to Warehouse)	Q1 Stub/17
Dry Tonnes Milled	69,609		Copper (%)	26.4
			Gold (g/t)	13.6
Copper Recovery (%)	96.5
Gold Recovery (%)	65.9		Dry Tonnes Produced	4,006
Copper Grade (%)	1.7		Saleable Copper Metal (t)	1,057
Gold Grade (g/t)	1.1		Saleable Gold (oz)	1,619
(see Note 1 below)

HIGHLIGHTS OF THE QUARTER:

• Production of 4,006 tonnes of copper concentrate, representing a 2% decrease over Q4/16 resulting from a slightly lower copper head grade during the quarter.
• Dry tonnes milled of 69,609 tonnes, equal to Q4/16 and a 20% increase over Q1/16, driven by an increase in production from the Lower Footwall Zone (‘LFZ’);
  • 1,057 tonnes of saleable copper
    (a 1% increase over Q4/16 and a 15% decrease over Q1/16)
  • 1,619 ounces of saleable gold
    (a 12% increase over Q4/16 and a 12% decrease over Q1/16)
• Head grades of copper averaged 1.7% for the quarter (a 6% decrease over Q4/16); gold averaged 1.1 g/t (6% decrease over Q4/16). Grades for the 3 month period were in line with plan with the majority of LFZ ore now being sourced from either capital development or from the first post-pillar cut and fill (‘PPCF’) test stope outside of the known reserve. Once the LFZ is fully developed, ore will be primarily sourced from larger stopes.

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