TIDMKZG
RNS Number : 5797E
Kazera Global PLC
05 July 2019
05 July 2019
Kazera Global plc
JORC (2012) compliant Mineral Resource at Homestead and Purple
Haze Deposits
Kazera Global plc ("Kazera Global", "Kazera" or the "Company"),
the AIM quoted investment company which, 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 maiden JORC (2012) compliant Mineral
Resource estimates over the Homestead and Purple Haze deposits at
NTI.
Highlights
-- Maiden JORC (2012) compliant combined total Indicated and
Inferred tantalite and lithium Mineral Resource at Homestead and
Purple Haze deposits of 324.6 thousand tonnes ("kt"), with further
resource upside expected to be identified
-- Strong grades of tantalite shown across both deposits, with
an average grade of 323 parts per million ("ppm") Ta(2) O(5)
including 911 ppm Ta(2) O(5) in the Indicated Tantalum Mineral
Resource at Purple Haze
-- Higher than anticipated grades of Lithium across both
deposits, with an average grade of 4,410 ppm Li(2) O, including
10,800 ppm Li(2) O in portion of the Homestead Mine Mineral
Resource
-- Homestead resources in line with pre-drill estimates, showing
both strong tantalite and lithium potential for economic production
with total indicated and inferred resources of 199.1 kt and an
average tantalite grade of 237 ppm Ta(2) O(5) and an average
lithium grade of 3,875 ppm Li(2) O across the deposit
-- Purple Haze resources above pre-drill estimates, showing both
strong tantalite and lithium potential for economic production,
with total indicated and inferred resources of 125.5 kt and an
average tantalite grade of 459 ppm Ta(2) O(5) and an average
lithium grade of 5,259 ppm Li(2) O across the deposit
-- Further tantalum and lithium resources expected to be added
to the JORC (2012) compliant Mineral Resource estimate across
Tantalite Valley, through exploration at Homestead, Purple Haze,
White City and Signaalberg deposits
Following the completion of the drilling campaign at Homestead
and Purple Haze deposits by NTI under the supervision of MSA Group,
the results now clearly demonstrate the potential at these two
deposits. With an enhanced understanding of the mineralisation,
further drilling is expected at both deposits to enhance the
resources. A wider exploration programme is ongoing.
A map of the drilled boreholes can be found using the following
link:
http://www.rns-pdf.londonstockexchange.com/rns/5797E_1-2019-7-4.pdf
Homestead
Homestead has been mined for tantalum historically, however,
clear pods of spodumene and lepidolite concentrations are exposed
in the underground mine workings that required investigation
through the exploration programme. Interpretation of results of the
ongoing core diamond drilling and channel sampling programme over a
part of the Homestead deposit has demonstrated positive results, in
line with pre-drill expectations, such that a maiden JORC (2012)
compliant Mineral Resource estimate has been declared. This is an
important first step in understanding the size of Homestead and
will guide the planned further exploration aimed at expanding the
Homestead Mineral Resource by step out drilling and exploring areas
of Homestead that remain undrilled from the first phase.
Importantly, the results of the drilling and sampling so far
have proven the concentrated nature of the Tantalite and the need
for future closely spaced drilling to understand the full potential
of the mineralised areas.
Purple Haze
The Purple Haze pegmatite is the most visibly well-mineralised
tantalum-lithium bearing pegmatite on the property. The maiden
Mineral Resource estimate for Purple Haze has confirmed the high
tantalite grades indicated by the historical exploration.
Importantly, the declared Mineral Resource only accounts for the
already exposed portion of the pegmatite deposit and for a limited
distance down-dip, which the Company believes is only a fraction of
the pegmatite's potential.
MSA, during their last extended visit in May this year, added
further drill hole sites to both the up-dip and down-dip areas of
the exposed pegmatite. The results of the additional drilling are
expected shortly and will be used to update the current Mineral
Resource.
Based on the excellent grades of Purple Haze and little
historical data, MSA felt this to be of great importance as it will
provide information towards furthering the Company's understanding
of the mineralization and the potential for mining operations at
Purple Haze.
The high-grade Tantalite Mineral Resource also contains very
significant concentrations of Li(2) O, and, in addition to the
Li(2) O occurring within the Tantalite Mineral Resource, a Lithium
Mineral Resource has been declared by MSA. The Li(2) O grades
within both the Tantalite and Lithium Mineral Resource are
economically significant and are similar to the Rubicon and Helikon
Lithium Project Mineral Resources near Karibib, also in
Namibia.
MSA Group Report: JORC (2012) Complaint Maiden Mineral Resource
Estimate for both Homestead and Purple Haze deposits as at 28 June
2019
Total All - Combined Tantalite and Lithium
Pegmatite Zone Class Tonnes (Thousands) Li(2) O Ta(2) O(5)
ppm ppm
------------------- ----------- ------------------- --------
Purple Haze Tantalite+Lithium Indicated 19.4 5,500 911
Tantalite+Lithium Inferred 58.8 4,300 650
Lithium Indicated 11.6 5,900 36
Lithium Inferred 35.7 6,500 35
Purple Haze All Indicated 31.0 5,650 584
All Inferred 94.5 5,131 418
------------------- ------------------------- ------------------- -------- -----------
Purple Haze All Sub-Total 125.5 5,259 459
------------- ------------------- ----------- ------------------- -------- -----------
Homestead Mining Area Indicated 73.8 6,900 355
Mining Area Inferred 16.2 10,800 361
Outside Mining
Area Inferred 109.1 800 139
Homestead All Indicated 73.8 6,900 355
All Inferred 125.3 2,093 168
------------------- ------------------------- ------------------- -------- -----------
Homestead All Sub-Total 199.1 3,875 237
------------- ------------------- ----------- ------------------- -------- -----------
Tantalite Valley Indicated 104.8 6,530 423
----------------------------------
Inferred 219.8 3,399 275
Total 324.6 4,410 323
--------------------------------------------- ------------------- -------- -----------
Total Tantalite (excludes Purple Haze Lithium)
Pegmatite Zone Class Tonnes (Thousands) Li(2) O Ta(2) O(5)
ppm ppm
------------- ------------------- ----------- ------------------- -------- -----------
Purple Haze Tantalite+Lithium Indicated 19.4 5,500 911
Tantalite+Lithium Inferred 58.8 4,300 650
Purple Haze All Indicated 19.4 5,500 911
All Inferred 58.8 4,300 650
------------------- ------------------------- ------------------- -------- -----------
Purple Haze All Sub-Total 78.2 4,598 715
------------- ------------------- ----------- ------------------- -------- -----------
Homestead Mining Area Indicated 73.8 6,900 355
Mining Area Inferred 16.2 10,800 361
Outside Mining
Area Inferred 109.1 800 139
Homestead All Indicated 73.8 6,900 355
All Inferred 125.3 2,093 168
------------------- ------------------------- ------------------- -------- -----------
Homestead All Sub-Total 199.1 3,875 237
------------- ------------------- ----------- ------------------- -------- -----------
Tantalite Valley Indicated 93.2 6,609 471
----------------------------------
Inferred 184.1 2,798 322
Total 277.3 4,079 372
--------------------------------------------- ------------------- -------- -----------
Total Lithium (excludes Homestead Outside Mining Area)
Pegmatite Zone Class Tonnes Li(2) O Ta(2) O(5)
(Thousands) ppm ppm
------------- ------------------- ----------- ------------------- -------- -----------
Purple Haze Tantalite+Lithium Indicated 19.4 5,500 911
Tantalite+Lithium Inferred 58.8 4,300 650
Lithium Indicated 11.6 5,900 36
Lithium Inferred 35.7 6,500 35
Purple Haze All Indicated 31.0 5,650 584
All Inferred 94.5 5,131 418
------------------- ------------------------- ------------------- -------- -----------
Purple Haze All Sub-Total 125.5 5,259 459
------------- ------------------- ----------- ------------------- -------- -----------
Homestead Mining Area Indicated 73.8 6,900 355
Mining Area Inferred 16.2 10,800 361
Homestead All Indicated 73.8 6,900 355
All Inferred 16.2 10,800 361
------------------- ------------------------- ------------------- -------- -----------
Homestead All Sub-Total 90.0 7,602 356
------------- ------------------- ----------- ------------------- -------- -----------
Tantalite Valley Indicated 104.8 6,530 423
----------------------------------
Inferred 110.7 5,961 409
Total 215.5 6,238 416
--------------------------------------------- ------------------- -------- -----------
Notes:
1 All tabulated data have been rounded and as a result minor
computational errors may occur.
2 Mineral Resources which are not Ore Reserves have no
demonstrated economic viability.
3 The Mineral Resource is reported as 100% of the Mineral Resource for the project.
4 Depleted by the extent of mine workings.
5 Homestead Mineral Resources were estimated using a mining cut of 4 m.
6 Tantalite Mineral Resources were estimated using a threshold
of 80 ppm Ta and Lithium Mineral Resources were estimated using a
threshold of 300 ppm Li.
Larry Johnson, CEO of Kazera commented:
"We are delighted by these initial results particularly those at
Purple Haze where there exists significant opportunity to deliver
high quantities and grades of both tantalite and lithium. The
initial resource numbers at Purple Haze were ahead of what we
initially expected and we look forward to additional resources
there and at White City, Signaalberg and through additional
drilling at Homestead.
With a water supply option, government certified via the Orange
River, and a maiden JORC compliant Mineral Resource confirmed, NTI
continues to show the capacity to become a long-term mine for
stable production. Today's result represents the first of a number
of phases in identifying the total mineralization on the
portfolio."
**ENDS**
Kazera Global plc (c/o Camarco) Tel: +44 (0)203 757
4980
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint Tel: +44 (0)207 220
broker) 0500
Scott Mathieson / Anthony Adams (corporate
finance)
Shore Capital (Joint broker) Tel: +44 (0)207 408
Jerry Keen (corporate broking) 4090
Camarco (PR) Tel: +44 (0)203 781
Gordon Poole / James Crothers / Monique 8331
Perks
The technical information contained in this disclosure has been
read and approved by Mr Jeremy Witley (Pr. Sci. Nat., FGSSA), who
is a qualified geologist and acts as the Competent Person under the
AIM Rules - Note for Mining and Oil & Gas Companies. Jeremy
Witley has visited the NTI Mine site and reviewed MSA's drilling
and sampling protocols and procedures. Mr Witley is a Principal
Mineral Resource Consultant working for the MSA Group Pty Ltd,
which has been engaged by Kazera Global to provide technical
support.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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