Welcome!

News Feed Item

Kombat Copper Corporate Update: The Road to Bringing Kombat Mine Back Into Production

TORONTO, ONTARIO -- (Marketwired) -- 01/16/14 -- Kombat Copper Inc. ("Kombat Copper" or the "Company") (TSX VENTURE:KBT) is rapidly taking steps to determine the cost and schedule for bringing the former producing Kombat Mine, located in northern Namibia, back into production.

Extensive data related to past production and resource drilling is being compiled and Southern African consulting groups have been approached to scope out the requirements for a technical report. This will enable the Company to formulate a time line and budget to get the Asis Far West sector of the Kombat Mine into production. This study is to be completed in the second quarter of 2014. Based on the conclusions of that study, the Company plans to undertake a detailed budget, plan and schedule including but not limited to technical feasibility studies, detailed engineering, permitting and other aspects of putting the deposit into commercial production including, shaft and underground rehabilitation, additional resource drilling, processing plant overhaul and other improvements. A resource estimate is the first priority. Essentially, the study will serve as a blueprint for the re-development of the property and will determine if further exploration is required to define or upgrade a mineral resource. It will also define what permitting is required and what further technical studies need to be undertaken.

The Asis Far West area of the property was drilled from surface in the 1980s and a number of significant copper intersections were reported over a strike length in excess of 650 meters, including 10.0 metres at 8.05% copper and 9.0 metres at 2.67% copper. Subsequently it was decided to sink a shaft 800 meters to the upper limits of the favorable stratigraphy. A large diameter, 800 meter deep production shaft was competed in 2006 and limited underground workings were established. A limited amount of underground drilling was carried out with intersections including 18.0 metres at 3.53% copper and 6.15% copper over 8.0 metres. Unfortunately, economic conditions and a heavy inflow of water in to the mine to the east (not interconnected with Asis Far West) forced a shutdown of commercial operations at Kombat Mine and the operation has been on a care and maintenance basis ever since.

Kombat Copper is looking to define a minimum of 4-5 million tonnes of copper mineralization averaging between 2.5% and 3.5% copper in the Asis Far West Zone. (The potential quantities and grades that are the target of the Company's planned future exploration are based on previous drilling, planned surface and underground drilling (10,000-20,000m) and sampling of underground workings conducted on the property and are conceptual in nature. There has been insufficient exploration to define a mineral resource for the property. It is uncertain if further exploration will result in the target being delineated as a mineral resource.)

Bill Nielsen, the President and CEO of Kombat Copper, stated, "Very recent geological investigations have indicated that a significant re-interpretation of the geological model and emplacement of copper mineralization at Kombat Mine is being formulated. This new understanding can have long-term implications on the Company's exploration and mining outlook. We still have several kilometers of strike length to explore on our mining license and believe that the favorable stratigraphic horizon hosting significant copper mineralization is present to the west where a 1980's drill hole intersected 1.68 metres assaying 11.7% copper and 151.48 g/t silver."

Kombat Copper is also looking at the feasibility of expanding the current milling facility from a 1,100 tonne per day operation to something larger that would allow for improved economies of scale. Past operators looked at an area for potential open pit mining and this blended with underground material could justify a mill expansion. Other operators in the area have intersected significant copper mineralization that could also be used as custom mill feed, which may help improve project economics.

The Company's on-site manager and staff have maintained the Kombat Mine, including all its facilities and town site for the past six years. Their commitment to the upkeep of the facilities is expected to save the Company significant amounts of capital in the future.

Kombat is studying the viability of disposing of non-core assets such as the potential mining of material from the tailings containment area resulting from past mining. A number of groups have approached the Company with respect to re-processing what has been estimated to be 10.6 million tonnes of material (Weatherly 2007). Detailed drilling of the stacked tailings in 2012 indicated that the upper 15 meters of the dump (total height 25-26 meters) contains material assaying 0.25% to 0.30% copper, based on the average of the established regularly spaced drill holes. (The Company is not treating historical estimates as current mineral resources. A Qualified Person has not done sufficient work to classify the historical work as a current mineral resources estimate. Additional work will be required to verify historical work completed at the Kombat Mine).

2014 Upcoming Events

Kombat Copper will be attending the Vancouver Resource Investment Conference, January 19-20th, Mining Indaba Africa in Cape Town February 3-6th and at PDAC March 1-2. The Company looks forward to updating its shareholders and interested investors in person at these conferences.

Investor Relations Manager Appointment

Kombat Copper announces that it has appointed Mr. Robert Hopkins as Manager, Investor Relations effective January 1, 2014. Mr. Hopkins will be paid a base salary of $1,300 per month and has been granted 50,000 stock options at $0.13 expiring on January 2, 2019 as part of his compensation. These stock options will vest over a period of 12 months in four equal installments with the first installment vesting three months from the date of grant. Mr. Hopkins shall not be engaged in any market-making activities and does not currently hold any securities or convertible securities in the Company other than those listed above.

About Kombat Copper

Kombat Copper (TSX VENTURE:KBT) is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world's most prospective copper regions, where it has substantial assets in place with significant exploration upside.

The Company holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past-producing mines including the Company's flagship property: the past-producing Kombat Mine. The Kombat mine's extensive infrastructure includes an 800m production shaft which was opened in 2006, three recently-operational shafts, ramp systems, extensive underground workings, mine buildings, a tailings facility, a mill and concentrator all supported by the Company's local town site. The Kombat mine originally opened in 1962 and historically produced approx. 8.7 million tonnes of ore grading 3.1% copper and is linked to vital existing infrastructure, including power, water, roads, and rail with close proximity to the port of Walvis Bay and to one of only five commercial-grade smelters in Africa located in Tsumeb, located 100 road kilometers away from Kombat.

In addition to mining licenses, the Company holds an 80% interest in five Exclusive Prospecting Licenses ("EPL's") covering an area of more than 2200 km2. The EPL's are located also within the copper-rich Otavi Mountainlands and are in close proximity to Tsumeb.

Qualified Person

F. W. Nielsen P.Geo, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.

Cautionary Notes

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements include statements regarding the Company's plans for the Kombat Mine, its expectations for the Kombat Mine and the expected effect on the Company's financial and operating results. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...