Kalumbila Resource Update


 

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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