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
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....