Aug 4 (Reuters) - Kidman Resources Ltd KDR.AX :
* Kidman to cut costs with deal to lease burbank's mill
* Agreed to lease and operate the burbank's processing plant owned by ramelius resources
* Kidman is currently stockpiling ore from the birthday gift underground mine at burbank's as part of its strategy to begin production this quarter
* Says "will move immediately to bring the plant back into operation to process ore from the birthday gift underground"
* Under the deal, Kidman has an initial one year lease with an option to extend by mutual agreement
* Milling costs will be greatly reduced compared to toll treating ore"
* Additional recoveries expected from the plant versus toll treating will further enhance the projects economics"
* Will pay ramelius $5 per dry metric tonne of ore processed and $1 per tonne of capacity utilised in the tsf
* Source text for Eikon ID:nASX9xrTJf