Kazera Global PLC Update on Exploration at Tantalite Valley Project (1631I)

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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: [phone] 
                                         4980 
 Larry Johnson (CEO) 
 finnCap (Nominated Adviser and Joint   Tel: [phone] 
  broker)                                0500 
  Scott Mathieson / Anthony Adams 
  (corporate finance) 
 Shore Capital (Joint broker)           Tel: [phone] 
  Jerry Keen (corporate broking)         4090 
 Camarco (PR)                           Tel: [phone] 
  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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August 07, 2019 02:01 ET (06:01 GMT)