Business
Operational Update Namibia Tantalite Valley Mine
Operational Update Namibia Tantalite Valley Mine.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \n \n RNS Number : 0016V\n Kazera Global PLC\n 04 August 2020\n \n \n \n \n 04 August 2020\n \n \n Kazera Global plc \n \n \n Operational Update Namibia Tantalite Valley Mine\n \n \n \n \n \n Kazera Global plc (\"Kazera Global\", \"Kazera\" or \"the Company\"), the AIM quoted investment company, is pleased to provide an operational update on progress at the Namibia Tantalite Valley Mine, Namibia (the \"Mine\"). \n \n \n \n Highlights\n \n :\n \n \n \n · \n Kazera has now completed the drilling portion of its Phase ll exploration program \n \n \n \n \n o \n Preliminary study of the Phase ll cores continues to identify presence of lithium and tantalite mineralisation within the intermediate zone of pegmatite at Purple Haze, Snake, Homestead and Signaalberg\n \n \n o \n Homestead, Purple Haze, Snake and Signaalberg have all outperformed expectations, averaging a 95% pegmatite intersect for holes drilled\n \n \n o \n An estimated 300 drill core samples being prepared to ship to ALS to be assayed and reported by MSA by the end of 2020 \n \n \n o \n Lateral and depth extent of the mineralisation host pegmatite remains open-ended \n \n \n o \n Completion of testing on channel samples to demonstrate grade of established resources is ongoing at White City \n \n \n \n \n · \n Based on these positive Phase II results, and a further 70% of the licence being untested (including White City, due to mechanical issues), the Company is exploring options for a Phase III exploration program which would test virgin ground\n \n \n · \n Discussions are well advanced with a new mine operator who will be responsible for drilling, blasting, processing plant and earth moving. The proposed mine operator has over 30 years' experience as a Namibian based company\n \n \n · \n The Orange River Pipeline project has progressed, with Aftan completing all government compliancy certificates as well as engaging with local farmers for the installation of the pipeline\n \n \n · \n Positive discussions continue with a Namibian Investor with regards to the Orange River Pipeline\n \n \n · \n In keeping with the Company's focus on supporting local businesses while expanding the network from which Kazera Trading operates, Kazera Trading has engaged with local mine operators in Namibia to bring together their mineral samples and ...