Kalumbila Resource Update

 

TIDMKIW 
 
RNS Number : 0532U 
Kiwara PLC 
17 June 2009 
 

JSE - KWR 
 
 
AIM - KIW 
 
 
ISIN - GB0007702953 
 
 
17th June 2009 
 
 
Kiwara plc 
 
 
("Kiwara" or the "Company") 
 
 
Independent Ore Resource Statement demonstrates the Kalumbila Copper Resource to 
contain a potential 1.38 Billion tonnes at 0.78% total Copper with Nickel and 
Cobalt credits 
 
 
The Board of Kiwara plc are very pleased to announce that Snowden, the 
international Mining Consultancy, has estimated the Kalumbila Mineral Resource 
as 1.38 Billion tonnes with an average grade of 0.78% total Copper above a 
reporting cut-off grade of 0.3% total Copper. 
Highlights: 
  *  Kalumbila Inferred Mineral Resource estimated by Snowden as 1.38 Billion tonnes 
  at 0.78% Copper; 
  *  Model is based upon the data from 31 bore holes drilled by the Company together 
  with 31 historic bore holes; 
  *  Mineral Resource classified as Inferred in accordance with SAMREC 2007 
  guidelines; 
  *  Geological model is open on strike; 
  *  The Board considers the magnitude and attitude of inferred resource suggest 
  potential for world-class open pit mine. 
 
 
 
Snowden independent Inferred Resource Statement 
+----------------+------------+------------+--------------+-------------+-------------+ 
|Classification  | Cut - Off  |  Tonnage   |Total Copper  |    Total    |    Total    | 
| (SAMREC 2007)  |  (T Cu %)  |    (MT)    |     (%)      |   Nickel    |   Cobalt    | 
|                |            |            |              |    (%)      |    (%)      | 
+----------------+------------+------------+--------------+-------------+-------------+ 
|    Inferred    |    0.3     |   1,380    |    0.78      |    0.04     |    0.03     | 
+----------------+------------+------------+--------------+-------------+-------------+ 
 
 
Snowden generated a geological model and has estimated grades for total Copper, 
Nickel and Cobalt based on assay results previously reported to the market. 
Snowden classify the Mineral Resource as Inferred in accordance with SAMREC 2007 
guidelines. 
The geological model is open on strike to the south west - an area for which the 
Company has determined geochemical anomalies, which will be drilled. 
The purpose of this independent study was to assess in broad terms the magnitude 
of the Kalumbila project and its potential for contained metal. From this 
Statement the Company will conduct further infill drilling, metallurgical 
assessment and financial modelling to determine the size and structure of a 
potential mine. Thereafter, if appropriate, the Company will optimise the 
results and progress to bankable feasibility study. 
Colin Bird (Chairman) said "We are very pleased with this independent result, 
which has endorsed our conviction that Kalumbila is indeed a large resource 
suitable for bulk, open pit mining. The Inferred Resource Statement indicated 
that the deposit is open ended and therefore there is the potential for 
significant enlargement. 
We will now aggressively move towards closer definition, with the objective of 
producing an ore resource statement of a type suitable for inclusion in a 
bankable feasibility study. 
Concurrently, we will conduct further drilling at the Kawako nickel and copper 
projects, whose early results demonstrated significant potential." 
The Resource Statement was prepared by Shaun Hackett - BSc, Geology, MAusIMM, 
MAIG, Group Geostatistician for Snowden Mining Consultancy. 
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: [phone] 
Colin Bird, Chairman 
 
 
Peter Vivian-Neal, Chief Executive Officer     Tel: [phone] 
 
 
Sasfin, Johannesburg 
Brian Christie, Corporate Finance             Tel: [phone] 
 
 
FinnCap, London 
Matthew Robinson, Corporate Finance Tel: [phone] 
 
 
Bishopsgate Communications Ltd 
Suzanne Johnson-Walsh                     Tel: [phone] 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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