JORC (2012) compliant Mineral Resource

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") Ta₂O₅ including 911 ppm Ta₂O₅ 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 Li₂O, including 10,800 ppm Li₂O 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 Ta₂O₅ and an average lithium grade of 3,875 ppm Li₂O 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 Ta₂O₅ and an average lithium grade of 5,259 ppm Li₂O 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 Li₂O, and, in addition to the Li₂O occurring within the Tantalite Mineral Resource, a Lithium Mineral Resource has been declared by MSA. The Li₂O 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)	Li2O ppm	Ta2O5 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)	Li2O ppm			Ta2O5 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 (Thousands)	Li2O ppm			Ta2O5 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: [phone]
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint broker) Scott Mathieson / Anthony Adams (corporate finance)	Tel: [phone]
Shore Capital (Joint broker) Jerry Keen (corporate broking)	Tel: [phone]
Camarco (PR) Gordon Poole / James Crothers / Monique Perks	Tel: [phone]

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.

 

END

 

 

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