KIW Kiwara

 

TIDMKIW 
 
RNS Number : 1956A 
Kiwara PLC 
05 October 2009 
 

JSE - KWR 
AIM - KIW 
ISIN - GB0007702953 
 
 
 
 
5th October 2009 
 
 
Kiwara plc 
 
 
("Kiwara" or the "Company") 
 
 
KIWARA TO PROCEED TO PRE-FEASIBILITY STUDY 
 
 
The board of Kiwara, the Zambian based exploration Company, is pleased to 
announce that it has agreed the format of, and commenced a pre-feasibility study 
for the Kalumbila copper project. 
 
 
 
 
Highlights: 
 
 
  *  Kiwara appoints Snowden Mining Consultants to advise and assist with 
  pre-feasibility study at Kalumbila; 
  *  Area for study to define open pittable mineralisation identified in central 
  core of Kalumbila strike; 
  *  In-fill drilling programme commenced to raise resource category from Inferred to 
  Indicated; 
  *  Northeast and southwest of central core to be subject to further exploration. 
 
 
 
Kiwara has contracted Snowden the independent mining consultants to assist and 
advise in a pre-feasibility study of the Kalumbila copper project. 
 
 
The initial area of focus for open pittable mineralisation has been identified 
by Snowden to contain an Inferred Resource of 340 million tonnes at a grade of 
0.78% copper (as at September 2009 at a 0.3% copper cut-off). In selecting the 
area for pre-feasibility study, management focused on the central mineralised 
zone that occurs over a strike length of 4km and extends from surface to 450m 
below surface, and in which, Company drill results show geological continuity 
with thick zones of mineralisation extending from surface (for example the 
Company's borehole L27 includes 96m at 1.02% Cu from 178m (announced 21 February 
2008) and borehole L33 includes 4.7m at 0.80% from 14m and 46m at 1.39%Cu from 
140.5m (announced 20 August 2008)). 
 
 
The initial objective of the pre-feasibility study is defined as an in-fill 
drilling programme to raise the resource category of the identified open 
pittable mineralisation from Inferred to Indicated. This programme is underway 
and the aim is to release the results of the study during Quarter One 2010. 
 
 
Results so far obtained suggest that the central area of Kalumbila has potential 
to significantly add both tonnage and grade to the resource. The contribution 
from the Northeast and Southwest parts of the Kalumbila strike will be 
re-assessed as drilling continues and their confidence status increases. 
 
 
In proceeding with the pre-feasibility study, the Company has instructed Snowden 
to work only with the data generated by Kiwara or third party data in close 
proximity to and correlating with the Company's own data; the reason being that 
there is no evidence of quality control records for the historic data and 
reliance upon such data may prejudice future resource definition. 
 
 
 
 
Colin Bird, Chairman, said "The appointment of Snowden to advise with this study 
confirms our belief that the Kalumbila project is worthy of being "fast 
tracked". We intend to move towards bankable study as soon as possible." 
 
 
Craig Morley, Chief Executive Officer of Snowden said: "The initial resource 
modelling satisfied both ourselves and Kiwara that there are prospects for 
economic extraction of a copper resource at Kalumbila. We have agreed with our 
client on the parameters for the study focused on the central core and look 
forward to defining a commercial project." 
 
 
The Resource Estimation for the initial open pittable target 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 
Colin Bird, ChairmanTel: +44 (0)207 581 4477 
 
Peter Vivian-Neal, Chief Executive Officer                 Tel: +260 (0)211 
257453 
 
Snowden Mining Consultants 
Ivor Jones, Group General Manager ResourcesTel: +61 (0)8 9213 9213 
 
 
FinnCap, London 
Matthew Robinson, Corporate Finance                       Tel: +44 (0)20 7600 
1658 
 
 
sasfin, Johannesburg 
Brian Christie, Corporate Finance                          Tel: +27 (0)11 809 
7511 
 
 
Bishopsgate Communications Ltd 
Suzanne Johnson-Walsh                                         Tel: +44 (0)20 
7562 3359 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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