Kalumbila Resource Update
September 02 2009 - 3:00AM
UK Regulatory
TIDMKIW
RNS Number : 3638Y
Kiwara PLC
02 September 2009
JSE - KWR
AIM - KIW
ISIN - GB0007702953
2nd September 2009
Kiwara plc
("Kiwara" or the "Company")
Independent Ore Resource Statement Report raises Kalumbila Copper Resource to
contain a potential 1.45 Billion tonnes at 0.76% total Copper
The board of Kiwara plc is pleased to announce that it has received the signed
Resource Estimation Report for Kalumbila from Snowden, the international Mining
Consultancy.
Highlights:
* Kalumbila Inferred Mineral Resource revised by Snowden from 1.38 Billion to 1.45
Billion tonnes - an increase of 5%
* Grade revised from 0.78% to 0.76% (Copper) Cu at 0.3% cut-off - a decrease of
2.5%
* Grade /tonnage table shows very robust model - copper grade increases to above
1% Cu with 830 million tonnes at cut-off of 0.5%Cu
* Gross resource of 3.76 Billion tonnes at 0.37% Cu without cut-off
* Aggressive infill together with strike and dip extension drilling programme
implemented
Snowden independent Resource Estimation (Revised):
+----------------+------------+------------+--------------+-------------+-------------+
|Classification | Cut - Off | Tonnage |Total Copper | Total | Total |
| (SAMREC 2007) | (T Cu %) | (MT) | (%) | Nickel | Cobalt |
| | |[initially | [initially | (%) | (%) |
| | | reported] | reported] | | |
+----------------+------------+------------+--------------+-------------+-------------+
| Inferred | 0.3 | 1,450 | 0.76 | 0.04 | 0.03 |
| | | (1,380) | (0.78) | | |
+----------------+------------+------------+--------------+-------------+-------------+
Colin Bird (Chairman) said "We are delighted with this revised resource
estimation. The revision shows increased tonnage, without an adverse effect on
grade. Of significance is the strong indication of continuity. We are
particularly impressed with the gross tonnage and grade suggesting a major
copper resource.
Kiwara is moving rapidly on to a feasibility study and to which end we are
already employing drills on closer definition for mining reserve purposes."
Grade / Tonnage Curve
Taken through the range of cut-offs set out in the table below, significant
tonnages accrue, indicating consistency. Meanwhile the ore body remains open
both in dip and strike.
+-------------------+---------------------+------------------+
| Cut-off | Tonnage | Grade |
| (Cu) | (Billions of | (Cu) |
| | Tonnes) | |
+-------------------+---------------------+------------------+
| Nil | 3.76 | 0.37% |
+-------------------+---------------------+------------------+
| 0.3% | 1.45 | 0.76% |
+-------------------+---------------------+------------------+
| 0.5% | 0.83 | 1.04% |
+-------------------+---------------------+------------------+
| 0.8% | 0.39 | 1.52% |
+-------------------+---------------------+------------------+
| 1.0% | 0.26 | 1.84% |
+-------------------+---------------------+------------------+
Drilling Programme
In the light of the variograms generated from the existing drill data,
Snowden conclude that drilling on a 200m x 150m grid will provide sufficient
data for an "indicated" resource. This is now being executed by the Company.
Concurrent with this infill and strike extension drill programme, other related
programmes will be conducted to provide data for scoping study.
The Resource Estimation was prepared by Shaun Hackett - BSc, Geology, MAusIMM,
MAIG, Group Geostatistician for Snowden Mining Consultancy, in accordance with
the SAMREC 2007 guidelines
This release has been approved by Colin Bird, who is Executive Chairman of
Kiwara, Chartered Engineer and a fellow of The Institute of Materials, Minerals
and Mining.
About Kiwara:
Kiwara is an exploration company with a focus on base metals in the Republic of
Zambia, which is a major copper producing country.
Kiwara, through its majority owned subsidiary, Kalumbila Minerals, holds
Prospecting Licence 267 which is within the Kabompo Dome in North Western
Zambia, a geologically complex antiformal feature, which contains a number of
base metal and uranium targets. This is within the area considered to be the
western extension of the Copperbelt, an increasingly significant mining area
that contains the recently developed Kansanshi and Lumwana copper mines.
For further information, please contact:
Kiwara Plc Tel: +44 (0)207 581
4477
Colin Bird, Chairman
Peter Vivian-Neal, Chief Executive Officer Tel: +260 (0) 211 293899
Sasfin, Johannesburg
Brian Christie, Corporate Finance Tel: +27 (0) 11 809 7511
FinnCap, London
Matthew Robinson, Corporate FinanceTel: +44 (0) 20 7600 1658
Bishopsgate Communications Ltd
Nick Rome/ Giang Nguyen Tel: +44 (0) 20 7562 3350
This information is provided by RNS
The company news service from the London Stock Exchange
END
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