Last checked at 28 Mar 2018 07:00
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 % Li2O and 603 ppm Ta2O5 over 5.2 m in borehole DHLP02
• 2.86 % Li2O and 396 ppm Ta2O5 over 4 m in borehole DHLP03
• 0.72 % Li2O and 489 ppm Ta2O5 over 5.2m in borehole DHLP04
Results from the Homestead pegmatite include:
• 0.13 % Li2O and 8,159 ppm Ta2O5 over 1.68 m in borehole DHHM01
• 0.05 % Li2O and 3,138 ppm Ta2O5 over 1.95 m in borehole DHHM03
The assay results received to date are summarized in the tables below:
Pegmatite Name | Sampled Pegmatite interval | Average grade through pegmatite | Including | ||||||||
HoleID | From (m) | To (m) | Width (m) | Li2O (%) | Ta2O5 (ppm) | From (m) | To (m) | Width (m) | Li2O** (%) | Ta2O5 (ppm) | |
Lepidolite1 | 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 | |
Homestead2 | 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 20-30° to the southwest. Quoted widths are within 15% of the true thickness.
2- The Homestead Pegmatite dips at
* - DHLP drilled at -65° and quoted widths represent the true thickness
** - results reported as Li and converted to Li2O 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 (m) | Northing- UTM34S/WGS84 (m) | Depth of 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 Ta2O5 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 and Joint broker) Christopher Raggett / Scott Mathieson / Anthony Adams (corporate finance) Simon Johnson (corporate broking) | Tel: +44 (0)20 7220 0500
|
Shore Capital (Joint broker) Mark Percy / Toby Gibbs (corporate finance) Jerry Keen (corporate broking) | Tel: +44 (0) 207 408 4090 |
Camarco (PR) Gordon Poole / James Crothers / Monique Perks | Tel: +44 (0) 203 757 4980 |
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.