TIDMKZG
RNS Number : 1631I
Kazera Global PLC
07 August 2019
7 August 2019
Kazera Global plc
Update on Exploration at the Tantalite Valley Project
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 an update to its Tantalite Valley Project
exploration programme including initial drilling results for the
White City Pegmatite and additional results from channel sampling
at Purple Haze.
The results are an important step towards expanding the
high-grade Mineral at Homestead and Purple Haze and will guide the
Phase 2 exploration step-out drilling which we expect to delineate
further Mineral Resources. An update to the Mineral Resource
estimate, that will include all the Phase 1 drilling results, is
targeted before the end of the year.
Kazera, with technical input from MSA Group Pty Ltd ("MSA"), is
planning a Phase 2 programme of approximately 2,000meters of
drilling aimed at delineating further mineralisation at the White
City, Homestead and Purple Haze projects and testing potential
mineralised zones at Signaalberg. The Tantalite Valley pegmatites
are highly prospective with only a fraction of the potential
mineralised area being drill tested to date.
Purple Haze
-- The Purple Haze channel sample grades confirm the
particularly high concentrations of lepidolite mineralisation
observed at surface on the eastern slope outcrop area, up to 1.81%
Li(2) O over 3m
-- Four holes have recently been completed at Purple Haze; two
short holes to obtain representative samples on the eastern slope
area and two with the aim of extending the Mineral Resource
westwards down-dip from the current Mineral Resource area
-- Visible tantalite and lepidolite occurs in all four holes and
the sample assays are expected before the end of 2019
-- An update to the Mineral Resource estimate that will include
the extended area, is expected before the end of 2019
Significant intersections at Purple Haze include:
-- 5 m @ 285 ppm Ta(2) O(5) and 1.62% Li(2) O in channel sample section LP05 at surface
-- 3 m @ 506 ppm Ta(2) O(5) and 1.81% Li(2) O in channel sample section LP06 at surface
White City
-- The White City intersections are close to surface and have
confirmed mineralisation intersected in historical drilling by
previous operators
-- Phase 1 drilling at White City is expected to be completed
within this quarter and we expect to report a Maiden Mineral
Resource for White City in the fourth quarter of 2019
Significant intersections at White City include:
-- 1 m @ 322 ppm Ta(2) O(5) in drillhole DHWC03 from 8.93 m to 9.93 m
-- 2 m @ 1,027 ppm Ta(2) O(5) from 3.86 to 5.86 m and 3.66 m @
237 ppm Ta(2) O(5) from 6.86 m to 10.52 m in drillhole DHWC05
-- 2.01 m @ 692 ppm Ta(2) O(5) from 7.12 m to 9.13 m and 283 ppm
Ta(2) O(5) from 9.55 m to 16.57 m in drillhole DHWC08
The significant intercepts for lithium are based on a minimum
sample grade of 500 ppm Li, minimum length of 0.5 m and maximum
internal dilution length of 0.5 m. The significant intercepts for
tantalum are based on a minimum sample grade of 50 ppm Ta, minimum
sample length of 0.5 m and maximum internal dilution length of
0.5m.
All the intersections received to date from the drilling
programme at Tantalite Valley are shown in the accompanying table
and map.
https://kazeraglobal.com/wp-content/uploads/2019/08/Batch-7-map_v3.jpg
Please see below link to Company website for full summary of
intercept tables.
https://kazeraglobal.com/wp-content/uploads/2019/08/Kazera-Summary-Tables-Phase-1-Batch-7.pdf
Larry Johnson, CEO of Kazera commented:
"We are very pleased with the initial drilling results at White
City and additional results from channel sampling at Purple Haze,
of which sample grades confirm the particularly high concentrations
of lepidolite mineralisation at the site.
"These additional results are an important step towards
expanding the high-grade Mineral at Homestead and Purple Haze and
will enable us to set out the Phase 2 exploration step-out drilling
which we expect to delineate further Mineral Resources across the
property.
"We look forward to the completion of Phase 1 drilling at White
City to be completed within the quarter and expect to report a
Maiden Mineral Resource for White City in the fourth quarter of
2019."
**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 / 8331
Monique Perks
Competent Person's Statement
In accordance with the AIM Note for Mining and Oil and Gas
Companies, Kazera Global discloses that Jeremy Witley of The MSA
Group Pty Ltd, is the Competent Person that has reviewed the
technical information contained in this document. Jeremy Witley is
registered as Pr.Sci.Nat. with the South African Council for
Natural Scientific Professions ("SACNASP") and is a Fellow of the
Geological Society of South Africa. Mr Witley 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". Mr Witley consents to the inclusion of
the information in this announcement in the form and context in
which it appears.
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.
Appendix
Assaying and QAQC
Vertical diamond drilling produced NQ size cores (47.6 mm
diameter) that were split longitudinally in half using a rotating
diamond saw. Channel samples of similar size to the diamond drill
core were cut from representative exposures from current and
previous mine workings. The half-core samples and channel samples
were couriered to the ALS Laboratories Swakopmund preparation
facility for crushing and milling. The samples, weighing between 2
kg and 3 kg, were crushed to minus 2 mm and split to provide a 500
g sub-sample that was pulverised to 85% passing 75 microns. A 120 g
subsample was split from the pulverised sample for assay. The pulps
produced by ALS Swakopmund were couriered to Canada and analysed by
ALS Vancouver using a sodium peroxide fusion and determination by
ICP-AES (method code ME-ICP89). Samples were assayed for a suite of
52 elements including lithium, tin, tantalum and niobium. The
assaying was monitored by a quality assurance and quality control
(QAQC) programme comprising the insertion of certified reference
materials (CRMs), blank and duplicate samples. A blank or CRM
sample was inserted at a rate of one for each ten field samples.
The results demonstrated that there was no significant
contamination during the assaying and that the assays were accurate
and precise to within industry acceptable limits.
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END
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