Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Kazera to up drilling in Namibia to gauge long-term potential of tantalum mine

Historical drilling shows the total licence area potentially has valuable mineralisation.
engine
Tantalum is used in aeroengine blades

Namibia-based tantalum miner Kazera Global PLC (LON:KZG) is to undertake a drilling programme across its whole licence to gauge the potential in its entirety.

Kazera holds a 75% stake in African Tantalum (Aftan), which operates the Namibian Tantalite Investment Mine (NTI).

An analysis of historical drill results has indicated that beyond the defined Homestead and Lepidolite zones, the total licence area has valuable mineralisation.

READ: Kazera Global buoyed by African Tantalum operational update

As production from the mine is now ramping up, efforts will switch to proving up the resources across the whole 452 hectares.

The programme will consist of approximately 3,000 metres of drilling with primary targets the Signalberg mountain, White City and Snake deposits.

This will supplement ongoing drilling taking place at Homestead and Lepidolite areas where over 200 samples have so far been taken.

Tantalum and lithium will be the main mineral targets.

A detailed resource estimate will allow development of a long-life mine plan to include the satellite deposits, said the statement.

Larry Johnson, chief executive, added the exploration would allow Kazera to realise maximum value from NTI while providing highly important strategic choices.

Aftan has made five shipments of tantalum since mining resumed last year and is now consistently extracting high purity tantalum from the Homestead ore body, today's statement added.

View full KZG profile View Profile

Kazera Global PLC Timeline

Related Articles

Picture of timetable for Wolfsberg project
March 12 2018
Chairman Tony Sage says the key number in the prefeasibility study will be the net present value.
Top of King River's Mt Remarkable project
June 29 2018
The Speewah project includes Australia's largest titanomagnetite hosted vanadium resource.
Ironbark’s vessel the Nunavik
August 09 2018
Ironbark is hopeful of attracting equipment suppliers to reduce the capital cost of building its big zinc mine by 30% or US$150 million.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use