Kazera Global PLC Orange River Certificate and Drill Assay Results (1618J)
2018年3月28日 - 3:01PM
ＲＮＳを含む英国規制内ニュース （英語）
TIDMKZG
RNS Number : 1618J
Kazera Global PLC
28 March 2018
28 March 2018
Kazera Global plc
Orange River Clearance Certificate and
Preliminary Exploration Drill Assay Results
Kazera Global plc ("Kazera Global" or the "Company"), the AIM
quoted investment company who, through its stake in African
Tantalum (Pty) Limited ("Aftan"), has an interest in the Namibia
Tantalite Investment Mine ("NTI" or "the Mine") in Namibia, is
pleased to announce that the Environmental Commissioner of Namibia
has issued Aftan with a clearance certificate for the proposed
abstraction of water from the Orange River to the Mine and that the
Company has received encouraging preliminary drilling results from
boreholes at Lepidolite and Homestead.
Orange River Water Licence
The clearance certificate, issued by the Office of the
Environmental Commissioner as part of the Ministry of Environment
and Tourism ("the Ministry"), represents a significant milestone
for Aftan and signifies a major endorsement by the Namibian
Government for the project.
The receipt of the certificate from the Ministry is a positive
step towards alleviating any concerns regarding future water
availability, ensuring that projected water needs can be satisfied
from the Orange River as well as water boreholes within the project
licence area. A bidding process for laying the pipework will
commence shortly.
Exploration Results
As part of the exploration programme to define a JORC resource
on the Lepidolite and Homestead locations, Kazera is pleased to
announce that it has received highly encouraging preliminary assay
results from MSA Group from the boreholes drilled on the Lepidolite
and Homestead pegmatites.
Recent drill results have confirmed lithium and tantalum
mineralization.
At the Lepidolite Pegmatite at Tantalite Valley. Significant
results include:
-- 2.61 % Li(2) O and 603 ppm Ta(2) O(5) over 5.2 m in borehole DHLP02
-- 2.86 % Li(2) O and 396 ppm Ta(2) O(5) over 4 m in borehole DHLP03
-- 0.72 % Li(2) O and 489 ppm Ta(2) O(5) over 5.2m in borehole DHLP04
Results from the Homestead pegmatite include:
-- 0.13 % Li(2) O and 8,159 ppm Ta(2) O(5) over 1.68 m in borehole DHHM01
-- 0.05 % Li(2) O and 3,138 ppm Ta(2) O(5) over 1.95 m in borehole DHHM03
The assay results received to date are summarized in the tables
below:
Pegmatite Name Sampled Pegmatite Average grade Including
interval through pegmatite
--------------- --------- -------------------------- ------------------- -----------------------------------------
HoleID From To Width (m) Li(2) Ta(2) From To Width Li(2) Ta(2)
(m) (m) O (%) O(5) (m) (m) (m) O** O(5)
(ppm) (%) (ppm)
--------------- --------- ------ ------ ---------- ------- ---------- ----- ------ ------ ------ ----------
Lepidolite(1) DHLP01 0 1.4 1.4 0.0043 48
--------------- --------- ------ ------ ---------- ------- ---------- ----- ------ ------ ------ ----------
DHLP02 0.5 7.2 6.7 2.08 477 1.5 6.7 5.2 2.61 603
------------------------- ------ ------ ---------- ------- ---------- ----- ------ ------ ------ ----------
DHLP03* 0 5.5 5.5 2.13 293 1.5 5.5 4 2.86 396
------------------------- ------ ------ ---------- ------- ---------- ----- ------ ------ ------ ----------
DHLP04 0 6.2 6.2 0.30 105 0 0.9 0.9 0.72 489
------------------------- ------ ------ ---------- ------- ---------- ----- ------ ------ ------ ----------
Homestead(2) DHHM01 44.7 52.9 8.2 0.05 1718 45.2 46.88 1.68 0.13 8159
--------------- --------- ------ ------ ---------- ------- ---------- ----- ------ ------ ------ ----------
DHHM03 84.15 99.95 15.8 0.03 533 93.4 95.35 1.95 0.05 3138
------------------------- ------ ------ ---------- ------- ---------- ----- ------ ------ ------ ----------
DHHM06 0 9.36 9.36 0.01 12
------------------------- ------ ------ ---------- ------- ---------- ----- ------ ------ ------ ----------
DHHM08 87.5 106.7 19.2 0.03 37
------------------------- ------ ------ ---------- ------- ---------- ----- ------ ------ ------ ----------
1 - All holes drilled vertically except DHP03. The Lepidolite
Pegmatite dips at between 20-30deg to the southwest. Quoted widths
are within 15% of the true thickness.
2- The Homestead Pegmatite dips at <16deg to the west. All
boreholes drilled at Homestead were vertical and intersection width
approximate to the trues thickness of the pegmatite
* - DHLP drilled at -65deg and quoted widths represent the true
thickness
** - results reported as Li and converted to Li(2) O using a
conversion factor of 2.153
Note: Some core losses were experienced through some of the
mineralised intervals and null values were assigned to these zones
when calculating the average grades and significant intercepts.
Table 1 Location of boreholes referred to in this document
HoleID Easting-UTM34S/WGS84 Northing- Depth
(m) UTM34S/WGS84 of
(m) Hole
(m)
-------- --------------------- -------------- ------
DHLP01 278275 6821094 10.2
-------- --------------------- -------------- ------
DHLP02 278305.4 6821059 12
-------- --------------------- -------------- ------
DHLP03 278336 6821032.4 13.1
-------- --------------------- -------------- ------
DHLP04 278346 6821017 10.2
-------- --------------------- -------------- ------
DHHM01 279132 6820623 62.5
-------- --------------------- -------------- ------
DHHM03 279015 6820671 107.5
-------- --------------------- -------------- ------
DHHM06 279115 6820561 19.3
-------- --------------------- -------------- ------
DHHM08 278982 6820640 107.9
-------- --------------------- -------------- ------
The full results of the study and a map with the locations of
each borehole can be found on the Company website at
www.kazeraglobal.com/news.
Larry Johnson, CEO, said:
"The certificate to access the Orange River is significant and a
major positive. It is not only endorsement at the highest level for
the future of the project but also ensures water supply to the mine
as we continue to meet our ramp up schedule.
Our exploration campaign continues and these results have
delivered high grades in both minerals. To achieve over 8,159 ppm
Ta(2) O(5) over 1.68 m is very encouraging and demonstrates the
wider potential within the licence. We will consolidate these
results with further drilling during the year, coupled with channel
sampling within the Homestead underground ore body which will
further build the confidence level of the total mineralisation
within the mineable area."
**ENDS**
Kazera Global plc (c/o Camarco) Tel: +44 (0)203
757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser Tel: +44 (0)20
and Joint broker) 7220 0500
Christopher Raggett / Scott
Mathieson / Anthony Adams
(corporate finance)
Simon Johnson (corporate
broking)
Shore Capital (Joint broker) Tel: +44 (0)
Mark Percy / Toby Gibbs (corporate 207 408 4090
finance)
Jerry Keen (corporate broking)
Camarco (PR) Tel: +44 (0)
Gordon Poole / James Crothers 203 757 4980
/ Monique Perks
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Competent Person's Statement
In accordance with the AIM Note for Mining and Oil and Gas
Companies, Kazera Global discloses that Michael Cronwright of MSA
Group, is the qualified person that has reviewed the technical
information contained in this document. Michael Cronwright has a
Pr.Sci.Nat with the South African Council for Natural Scientific
Professions ("SACNASP") and is a member in good standing with
SACNASP. Mr Cronwright has the appropriate relevant qualifications,
experience, competence and independence to act as a Competent
Person as defined in the 2012 Edition of the "Australian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves". Michael Cronwright consents to the inclusion of the
information in this announcement in the form and context in which
it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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