Orange River Certificate and Drill Assay Results

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 % 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 <16° to the west. All boreholes drilled at Homestead were vertical and intersection width approximate to the trues thickness of the pegmatite

* - 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: [phone]
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint broker) Christopher Raggett / Scott Mathieson / Anthony Adams (corporate finance) Simon Johnson (corporate broking)	Tel: [phone]
Shore Capital (Joint broker) Mark Percy / Toby Gibbs (corporate finance) Jerry Keen (corporate broking)	Tel: [phone]
Camarco (PR) Gordon Poole / James Crothers / Monique Perks	Tel: [phone]

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.

 

END

 

 

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