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BARYS RESOURCES LIMITED — Capital/Financing Update 2019
Oct 27, 2019
64567_rns_2019-10-27_7ce5d6af-95dc-4c8c-a2c0-1b7a89f9a04a.pdf
Capital/Financing Update
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ASX RELEASE | 28 October 2019
EXPLORATION ACTIVITY UPDATE
HIGHLIGHTS
ABOUT KOPORE METALS
Kopore Metals Limited is a public company listed on the Australian Securities Exchange (ASX) and is actively exploring its copper-silver prospects on the emerging world class Kalahari Copper Belt, Republic of Botswana and Namibia.
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Trace amounts of visible copper mineralisation intercepted in Otjari drilling
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Drilling commenced on a third hole in the Otjari/Qembo corridor
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Environmental Clearance Certificate (ECC) received for recently granted Namibian prospecting licence, PL7264
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Three prospecting licences at Ghanzi West in Botswana have been extended for a further two years, PL203/2016, PL204/2016 & PL205/2016
DIRECTORS & MANAGEMENT
PETER MEAGHER Non-Executive Chairman
SIMON JACKSON Managing Director
GRANT FERGUSON Non-Executive Director
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Two prospecting licences relinquished from Virgo area in Botswana, PL163/2017 & PL164/2017
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Environmental Management Plan (EMP) over remaining Virgo licences is ongoing with completion and anticipated approval by the end of 2019
SHANNON COATES Non-Executive Director
Kopore Metals Limited (“Kopore” or “Company”) is pleased to provide an update on exploration activities on its extensive Kalahari Copper Belt tenement holdings in Botswana and Namibia.
REGISTERED OFFICE Suite 5, 62 Ord Street West Perth WA 6005
Diamond Drilling – Otjari Domal Prospect - Namibia
The Company has completed its first two diamond drill holes at the Otjari Domal Prospect in Namibia.
A third diamond drill hole has been commenced to test an identified target within the Otjari/Qembo Corridor. This third drillhole will seek to test a known copper occurrence and test the inferred Ngwako Pan/D’Kar Formation geological contact.
The Otjari Domal Prospect is interpreted as the along strike extension of the Qembo Dome, where previous explorers obtained historical copper intersections[1] . The initial two Otjari diamond drillholes have been interpreted to intersect the lower D’Kar Formation proximal to the targeted contact position. Observations from the recent drilling program include high temperature alteration and pathfinder sulphides, known to occur on the Kalahari Copper Belt.
Trace amounts of visible copper mineralisation, including chalcocite and bornite have been identified in OTJ_002, at 201.10m depth downhole. The Company will complete the third diamond drillhole and revaluate returning to the first holes for possible depth extension.
1 ASX Announcement – 30 October 2018 - First Copper Intersections identified in Historical Namibian Database – Qembo Dome https://www.asx.com.au/asxpdf/20181030/pdf/43zrm1sxcqh930.pdf
2 This is based solely on visual analysis of the core sample and the sample is yet to be assayed and analysed.
REGISTERED OFFICE
28 October 2019
The first Otjari diamond drillhole OTJ_DD001 was drilled to 350m downhole depth and provided the Company with its first intersection of interbedded shales, siltstones and sandstones exhibiting carbonate and sericite alteration similar to that above mineralised zones in other parts of the belt. Once the current 900m drill program in the Otjari/Qembo corridor is complete, samples will be sent to the assay lab and assay results will be reported when received.
The Company is also pleased to report that it has received the Environmental Clearance Certificate (ECC) for the recently acquired PL7264[2] . This licence contains the western extension of the Otjari Domal Prospect and the completion of the ECC milestone allows the Company to commence planned field exploration activities on this licence in early Q1 2020.
Commenting, Simon Jackson, Managing Director said “ We are very happy with our initial exploration foray into the Otjari/Qembo corridor. This area of the Kalahari Copper Belt is extremely underexplored and we are pleased to be the first movers on many targets. The presence of visible copper mineralisation tells us that we are on the right track and coupled with our increasing geological knowledge, we are looking forward to making the next copper discovery on the belt. ”
Botswana Licence holdings
The Company is pleased to report three Prospecting Licences’ (PL’s) located within the Ghanzi West Group and containing the Kara Domal Prospect, have been granted two year extensions. The PL extensions were granted by the Minister for Mineral Resources, Green Technology and Energy Security ahead of the scheduled expiry date on 30 September 2019 with 100% of the area for PL203/2017 and PL204/2017 prospecting licences being retained, and 99% of the license area at PL205/2017.
The prospecting license extensions for a further two years provides the Company with certainty of title and confidence in the extensive exploration planned for the Kara Dome.
The Company advises that it has relinquished two prospecting licences PL163/2017 and PL164/2017 in the Botswana Virgo Group. The remaining two Virgo licences PL135/2017 and PL162/2017 have walk up drill targets and drilling is planned for the first half of CY2020. The Environmental Management Plans (EMP) for the two remaining licences have been submitted to the Department of Environmental Affairs (DEA) and the Company is currently responding to a number of procedural queries. Following the gazetted public notice period, Kopore expects to have the EMPs in place before the end of 2019.
2 ASX Announcement – 15 May 2019 – New Namibian Prospecting License Awarded https://www.asx.com.au/asxpdf/20190515/pdf/44536hw6ck5r8n.pdf
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28 October 2019
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Figure 1 - Namibian Prospecting Licence Areas with Geology and Area Subject to Hebron Prospecting Action
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Plate 1 – Otjari/Qembo Corridor Drilling Program - QD_DD001 Collar Point Diamond Drilling Rig
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28 October 2019
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Figure 2 - Kalahari Copper Belt Regional Map with Kopore Prospecting Licences, Targets and Known Copper-Silver Occurrences. (source: https://www.cupriccanyon.com/development-exploration/exploration and https://www.asx.com.au/asxpdf/20181016/pdf/43z90dkfrgy792.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
SIMON JACKSON Managing Director Kopore Metals Limited Tel. +61 8 9322 1587 [email protected] www.koporemetals.com
ABOUT KOPORE
Kopore Metals Limited (ASX: KMT) is a public company listed on the Australian Securities Exchange (ASX) and is actively exploring its copper-silver prospects on the Kalahari Copper Belt, located in the Republic of Botswana and Namibia.
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28 October 2019
Kopore continues to explore for stratabound copper-silver deposits across its fourteen 100% owned prospecting licenses in Botswana and nine prospecting licences in Namibia, for a total of 14,813km[2] of the Kalahari Copper Belt. Kopore believes the Kalahari Copper Belt can provide the potential for large scale discovery, as demonstrated by neighbouring resource development companies.
The Directors and management of Kopore have strong complimentary experience with over 20 years of Australian and International technical, legal and executive roles in exploration, resource development, mining, legal and resource fields.
Botswana and Namibia are stable, pro-mining jurisdictions, supportive of mineral exploration and development. According to the most recent Fraser Institute Annual Mining Survey, Botswana and Namibia are ranked #3[rd] and #6[th] respectfully for “investment attractiveness” in Africa, in addition to their highly ranked global position.
COMPETENT PERSONS STATEMENT
The information in this announcement that relates to exploration results is based on information compiled by Mr David Catterall, a Competent Person and a member of a Recognised Professional Organisations (ROPO). David is engaged by Kopore as a consultant Exploration Manager. David Catterall has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). David Catterall is a member of the South African Council for Natural Scientific Professions, a recognised professional organisation.
David Catterall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Table 1 – Otjari/Qembo Corridor Drilling Details
| Drill Hole No | UTM_E | UTM_N | RL (m) | EOH (m) | Azimuth | Dip | Status |
|---|---|---|---|---|---|---|---|
| OTJ_DD001 | 425677 | 7590813 | 1301 | 350 | 344 | -70 | Complete |
| OTJ_DD002 | 425474 | 7591548 | 1297 | 250 | 0 | -90 | Complete |
| QD_DD001 | 470270 | 7614784 | 1249 | 250 | 180 | -70 | Complete |
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28 October 2019
| Prospecting Licence |
Holder | Date Granted |
Expiry Date |
Project Area **(km2) ** |
Annual Rent (A$) |
|---|---|---|---|---|---|
| PL203/2016 | Icon-TradingCompany (Proprietary) | 1/10/2019 | 30/09/2021 | 928.6 | 579 |
| PL204/2016 | Icon-TradingCompany (Proprietary) | 1/10/2019 | 30/09/2021 | 925.6 | 576 |
| PL205/2016 | Icon-TradingCompany (Proprietary) | 1/10/2019 | 30/09/2021 | 862.5 | 542 |
| PL128/2013 | Alvis Crest(Proprietary)Limited | 1/01/2019 | 31/12/2020 | 202.9 | 130 |
| PL129/2013 | Alvis Crest(Proprietary)Limited | 1/01/2019 | 31/12/2020 | 418.3 | 269 |
| PL127/2017 | Ashmead Holdings(Pty)Ltd | 1/07/2017 | 30/06/2020 | 991 | 594 |
| PL128/2017 | Ashmead Holdings(Pty)Ltd | 1/07/2017 | 30/06/2020 | 452 | 271 |
| PL129/2017 | Ashmead Holdings(Pty)Ltd | 1/07/2017 | 30/06/2020 | 163 | 98 |
| PL207/2017 | Icon-TradingCompany (Proprietary)Limited | 1/01/2018 | 31/12/2020 | 985 | 620 |
| PL208/2017 | Icon-Trading Company (Proprietary) Limited | 1/01/2018 | 31/12/2020 | 581 | 380 |
| PL209/2017 | Icon-TradingCompany (Proprietary)Limited | 1/01/2018 | 31/12/2020 | 164 | 140 |
| PL210/2017 | Alvis Crest(Proprietary)Limited | 1/01/2018 | 31/12/2020 | 1000 | 625 |
| PL135/2017 | Alvis Crest(Proprietary)Limited | 1/10/2017 | 30/09/2020 | 296 | 211 |
| PL162/2017 | Alvis Crest(Proprietary)Limited | 1/10/2017 | 30/09/2020 | 156 | 111 |
| Botswana Subtotal | 8,126 | 5,147 | |||
| EPL7049 | Trans Kalahari Copper Namibia(Pty)Ltd | 1/07/2018 | 30/06/2021 | 936.33 | 1,000 |
| EPL7050 | Trans Kalahari Copper Namibia(Pty)Ltd | 5/07/2018 | 4/07/2021 | 435.85 | 1,000 |
| EPL7051 | Trans Kalahari Copper Namibia(Pty)Ltd | 1/07/2018 | 30/06/2021 | 992.18 | 1,000 |
| EPL7052 | Trans Kalahari Copper Namibia(Pty)Ltd | 1/07/2018 | 30/06/2021 | 942.31 | 1,000 |
| EPL7053 | Trans Kalahari Copper Namibia(Pty)Ltd | 1/07/2018 | 30/06/2021 | 285.32 | 1,000 |
| EPL7054 | Trans Kalahari Copper Namibia(Pty)Ltd | 1/07/2018 | 30/06/2021 | 904.31 | 1,000 |
| EPL7055 | Trans Kalahari Copper Namibia(Pty)Ltd | 1/07/2018 | 30/06/2021 | 996.98 | 1,000 |
| EPL7056 | Trans Kalahari Copper Namibia(Pty)Ltd | 5/07/2018 | 4/07/2021 | 211.87 | 1,000 |
| EPL7264 | Trans Kalahari Copper Namibia(Pty)Ltd | 14/05/2019 | 14/05/2022 | 982.43 | 1,000 |
| Namibia Subtotal | 6,688 | 8,000 | |||
| Total | 14,813 | 13,147 |
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ASX RELEASE | 28 October 2019
Appendix A – JORC Code 2012 Edition: Table 1 - Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections)
| REGISTERED OFFICE Level 2, 470 Collins Street MELBOURNE VIC 3000 REGISTERED OFFICE Suite 5, 62 Ord Street West Perth WA 6005 ABOUT KOPORE METALS Kopore Metals Limited is a public company listed on the Australian Securitie~~s Exchange (ASX) and is~~ actively exploring its copper-silver prospect~~s on the emerging world class~~ Kalahari Copper Belt, Republic of Botswana and Namibia. DIRECTORS & MANAGEMENT PETER MEAGHER Non-Executive Chairman SIMON JACKSON Managing Director GRANT FERGUSON Non-Executive Director SHANNON COATES Non-Exe~~cu~~tive Director Appendix A – JORC Code 2012 JORC Code, 2012 E Section 1 Sampling (Criteria in this section app Criteria JORC • Na ch m in ha no • In re m • As M • In w w pu ca th Un su inf |
REGISTERED OFFICE Level 2, 470 Collins Street MELBOURNE VIC 3000 REGISTERED OFFICE Suite 5, 62 Ord Street West Perth WA 6005 ABOUT KOPORE METALS Kopore Metals Limited is a public company listed on the Australian Securitie~~s Exchange (ASX) and is~~ actively exploring its copper-silver prospect~~s on the emerging world class~~ Kalahari Copper Belt, Republic of Botswana and Namibia. DIRECTORS & MANAGEMENT PETER MEAGHER Non-Executive Chairman SIMON JACKSON Managing Director GRANT FERGUSON Non-Executive Director SHANNON COATES Non-Exe~~cu~~tive Director Appendix A – JORC Code 2012 JORC Code, 2012 E Section 1 Sampling (Criteria in this section app Criteria JORC • Na ch m in ha no • In re m • As M • In w w pu ca th Un su inf |
REGISTERED OFFICE Level 2, 470 Collins Street MELBOURNE VIC 3000 REGISTERED OFFICE Suite 5, 62 Ord Street West Perth WA 6005 ABOUT KOPORE METALS Kopore Metals Limited is a public company listed on the Australian Securitie~~s Exchange (ASX) and is~~ actively exploring its copper-silver prospect~~s on the emerging world class~~ Kalahari Copper Belt, Republic of Botswana and Namibia. DIRECTORS & MANAGEMENT PETER MEAGHER Non-Executive Chairman SIMON JACKSON Managing Director GRANT FERGUSON Non-Executive Director SHANNON COATES Non-Exe~~cu~~tive Director Appendix A – JORC Code 2012 JORC Code, 2012 E Section 1 Sampling (Criteria in this section app Criteria JORC • Na ch m in ha no • In re m • As M • In w w pu ca th Un su inf |
REGISTERED OFFICE Level 2, 470 Collins Street MELBOURNE VIC 3000 REGISTERED OFFICE Suite 5, 62 Ord Street West Perth WA 6005 ABOUT KOPORE METALS Kopore Metals Limited is a public company listed on the Australian Securitie~~s Exchange (ASX) and is~~ actively exploring its copper-silver prospect~~s on the emerging world class~~ Kalahari Copper Belt, Republic of Botswana and Namibia. DIRECTORS & MANAGEMENT PETER MEAGHER Non-Executive Chairman SIMON JACKSON Managing Director GRANT FERGUSON Non-Executive Director SHANNON COATES Non-Exe~~cu~~tive Director Appendix A – JORC Code 2012 JORC Code, 2012 E Section 1 Sampling (Criteria in this section app Criteria JORC • Na ch m in ha no • In re m • As M • In w w pu ca th Un su inf |
Edition: Table 1 - Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections) |
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| REGIST Suite 5, West Pe ABOUT Kopore compan Securitie actively prospect Kalahari Botswan DIRECT PETER Non-Exec SIMON J Managing GRANT Non-Exec SHANNO Non-Exe~~c~~ |
KOPORE METALS Metals Limited is a public y listed on the Australian JORC Code, 2012 E Section 1 Sampling (Criteria in this section app |
dition – Table 1 report template Techniques and Data ly to all succeeding sections.) |
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| ~~s Exchange (ASX) and is~~ exploring its copper-silver ~~s on the emerging world class~~ Criteria JORC |
Code explanation Commentary |
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| ERED OFFICE 62 Ord Street rth WA 6005 Copper Belt, Republic a and Namibia. ORS & MANAGEMENT MEAGHER utive Chairman ACKSON Director FERGUSON utive Director N COATES ~~u~~tive Director |
of • Na ch m in ha no |
ture and quality of sampling (e.g. cut channels, random ips, or specific specialised industry standard easurement tools appropriate to the minerals under vestigation, such as down hole gamma sondes, or ndheld XRF instruments, etc). These examples should t be taken as limiting the broad meaning of sampling. • Ongava Drilling Program – Sampling comprised 42 samples analysed by ICP and Intertek in Perth. • Otjari & Qembo drilling programs – sampling in progress • Historic drilling was undertaken in EISP-038 but no samples were submitted for analysis • |
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| • In re m |
clude reference to measures taken to ensure sample presentivity and the appropriate calibration of any easurement tools or systems used • Ongava drill hole ONGRCD-004 was sampled to accepted industry standards with sample intervals determined by lithological contacts, veining and mineralisation. Maximum sample interval was 1m and minimum was 20cm. Samples were taken from half core, crushed, pulverised and 100g sent for assay by ICP • Otjari & Qembo diamond drill holes are currently being reviewed, cut and sampled. Sampling will be conducted to accepted industry standards with sample intervals determined by lithological contacts, veining and mineralisation. Selected samples will be taken from half core, crushed, pulverised and 100g shipped to Intertek, Perth, for 32 element ICP Historic hole EISP-038 was not sampled • QAQC procedures were adhered to with the insertion of blanks, standards and field duplicates at a rate of 1 in every 20 samples for general geochemistry and 1 in every 10 for drill core pects of the determination of mineralisation that are aterial to the Public Report. cases where ‘industry standard’ work has been done this ould be relatively simple (e.g. ‘reverse circulation drilling as used to obtain 1 m samples from which 3 kg was lverised to produce a 30 g charge for fire assay’). In other ses, more explanation may be required, such as where ere is coarse gold that has inherent sampling problems. usual commodities or mineralisation types (e.g. bmarine nodules) may warrant disclosure of detailed ormation. |
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| • As M |
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| • In w w pu ca th Un su inf |
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REGISTERED OFFICE
28 October 2019
| Drilling techniques | • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). • Diamond drilling was drilled at NQ core size |
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| Drill sample recovery |
• Method of recording and assessing core and chip sample recoveries and results assessed. • Sample recovery was recorded for both reverse circulation drilling and diamond drilling. Sample recovery was generally excellent in RC drilling and >95% recoveryin diamond drilling |
| • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Diamond drill cores were measured every run and the loss or gain was recorded bythe drill companyand thegeologist on site |
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| • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due topreferential loss/gain of fine/coarse material. • Sample recovery was generally very good and as such it is not expected that any such bias exists. |
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| Logging | • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • RC chips and diamond drill core are geologically logged by a qualified geologist using predefined lithological, mineralogical and physical characteristic (colour, weathering etc) logging codes. The geologist on site followed Kopore’s standard operating procedure for RAB/Percussion, RC and diamond drilling processes. RAB/RC chip trays are collected for each of the intervals and stored at the field office. Diamond drill cores are stored at the company facility in Windhoek • Data is recorded manually by hand on paper standard logging sheets (hard copy) and then data captured to Excel logging sheets. |
| • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • Logging uses standard published logging charts for grain size, composition, texture and sorting characteristics to maintain a qualitative and semi- quantitative standard based on visual estimation • Magnetic susceptibility readings are also taken every meter and checks carried out where a large magnetic variation occurs between readings |
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| • The total length and percentage of the relevant intersections logged. • 100% of all recovered intervals were geologically logged |
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| • If core, whether cut or sawn and whetherquarter, half or • Diamond cores were cut usingindustrystandard core cutters into half |
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| Sub-sampling techniques and sample preparation |
all core taken. cores. Quarter cores were cut for duplicate samples as part of the QAQC process |
| • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry • Duplicate RC samples were collected from the full recovered one metre interval at the drill rig by cyclone and riffle splitter. • 20% QA/QC blanks, standards and/or duplicates are inserted on site while sampling further standards are inserted by the laboratory. |
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| • For all sample types, the nature, quality and appropriateness of the samplepreparation techniques • Field sample preparation is suitable for the material. |
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| • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Kopore standard field QAQC procedures include the field insertion of blanks, standards and collection of field duplicates. These are being inserted at a rate of 5% for each to ensure an appropriate rate of QAQC. |
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| • Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. • Sampling is deemed appropriate for the type of survey and equipment used. |
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| • Whether sample sizes are appropriate to the grain size of the material being sampled. • The sample sizes collected are in line with standard practice |
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| Quality of assay data and laboratory tests |
• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • The sampling process was overseen by a competent geological company representative and the samples dispatched to a commercially recognised laboratory for standard ICP and multi-element analysis |
| • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • N/A |
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| • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. • QA/QC certified reference assay standards obtained from OREAS, Victoria, Australia • As for the second part, samples are being dispatched and will be reviewed upon receipt of analysis results. |
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| Verification of sampling and assaying |
• The verification of significant intersections by either independent or alternative company personnel. • All data is electronically stored with peer review of data processing and modelling • Data entry procedures standardized in SOP, data checking and verification routine. • Data storage on partitioned drives and backed up • There are no significant intersections to report at this stage and no adjustments have been made to any of the lab results. • One hole at Qembo, QD_DD001 was designed to duplicate historic hole T10R-004 • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. |
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| Location of data points |
• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • A hand-held GPS is used for geophysical station locations with track logs and points plotted to check for consistency and accuracy during surveying. Drilling • Drill collar coordinates are captured by GPS and later by DGPS. • Diamond drill holes use core orientation equipment supplied by REFLEX and are surveyed using REFLEX survey instruments • RAB/Percussion & RC holes are vertical, no downhole surveys have been done. • The grid system used is WGS84 Zone 34S. All reported coordinates are referenced to this grid. • Topographic control is based on satellite survey data collected at 10m intervals.Qualityis considered acceptable. • Specification of the grid system used. • Quality and adequacy of topographic control. |
| Data spacing and distribution |
• Data spacing for reporting of Exploration Results. • Whether the data spacing, and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. •Data station spacing was based on geology and NSAMT method requirements • Sampling is deemed appropriate for the type of survey and equipment used. |
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Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which
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Orientation of data this is known, considering the deposit type.
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in relation to • If the relationship between the drilling orientation and geological structure the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
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NSAMT Survey was completed on 2 x 6km long grid lines with spacing deemed optimal for level of exploration results reported
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Data spacing is appropriate for the initial reconnaissance drilling program
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The Company’s technical representative review the measured structural data to assess if drill orientation introduces sample bias. The Company does not believe this is present with the Ongava, Otjari and Qembo drilling programs.
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All readings/geophysical measurements collected and stored on computer. Data was transferred on USB and sent by courier from collection point to processing point. All readings/geophysical measurements collected and stored on computer with backup data transported by courier.
| • | All readings/geophysical measurements collected and stored on computer. Data was transferred on USB and sent by courier from collection point to processing point. All readings/geophysical measurements collected and stored on computer with backup data |
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| Sample security | • The measures taken to ensure sample security. | transported by courier. | |
| • | Diamond core is transported to the regional office and stored in a secure | ||
| facility | |||
| • | RC Sample bags are logged, tagged and stored at the field office then | ||
| moved to the regional office for secure storage | |||
| • | All sampling procedures are documented and according to industry | ||
| standard practice. | |||
| Audits or reviews | • The results of any audits or reviews of sampling | • | Kopore’s drill hole sampling procedure is done according to industry best |
| techniques and data. | practice. | ||
| • | Once a suitable number of significant results have been reported | ||
| selected samples will be sent to a different laboratory for comparison |
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Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Mineral tenement and land tenure status |
• Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. |
• The information in this release relates to the Namibian Project Portfolio, on prospecting licences EPL7049, EPL7050, EPL7051, EPL7052, EPL7053, EPL7054, EPL7055, EPL7056 & EPL7264, which was recently granted to Kopore Metals Limited 100% owned subsidiary Trans Kalahari Copper Namibia Pty Ltd. • There are no existing impediments to EPL7053, EPL7054, EPL7055, EPL7056 or EPL7264 • There is an application for review by Hebron Prospecting Pty Ltd and the Namibian Department of Mines that covers four of the Company’s prospecting licenses EPL7049, EPL7050, EPL7051, EPL7052. |
| Exploration done by other parties |
• Acknowledgment and appraisal of exploration by other parties. | • Limited previous exploration on EPL7049, EPL7050, EPL7051, EPL7052, EPL7053, EPL7054, EPL7055, PL7056 & EPL7264 was conducted by EISEB Prospecting and Talismanis Prospecting Company Ltd (EISEB Prospecting & Mining/Antofagasta <Minerals Joint Venture • No other historical information identified oReverse Circulation (RC), Diamond (DD) and Rotary Air Blast/Percussion (RAB) drilling have been performed historically across EPL7049, EPL7050, EPL7051, EPL7052, EPL7053, EPL7054, EPL7055, EPL7056 & EPL7264 oA historical collar map covering these licences has an estimated 75 drillholes, with collar information for 59 drillholes to date. The initial 59 holes provided include 18 RAB, 25 RC and 16 DDH, with collar and survey information. oSize of diamond and RC drillholes are not documented |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
oDocumented sampling procedures for percussion drilling is as follows: oAll samples are taken at 1m intervals. oSamples are riffled down to 25%>, with the 75%> fraction kept as reference. oThe 25°/o fractions are composited in 5m intervals. oSamples are submitted for 21 element ICP analysis (Bureau Veritas Laboratories). oOnce anomalous values are received, 1m intervals are re- submitted, for a full suite of analyses. oWaste is put back in the hole oSoil sampling historical information - sampling traverse positions were selected based on airborne magnetic imagery and the co-ordinates for each sample point generated using ArcGIS 9.1 software. Field teams navigated to sample points by means of hand-held GPS. oSampling depth has been decreased to 10cm based on research by Genalysis showing that anomalies may not be detected below 15cm depth under semi-arid conditions. Sample spacing remains 40m |
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| Geology | • Deposit type, geological setting and style of mineralisation. | • The regional geological setting underlying all the Licences is interpreted as Neoproterozoic meta sediments, deformed during the Pan African Damaran Orogen into a series of NE trending structural domes cut by local structures. • The style of mineralisation expected comprises stratabound and structurally controlled disseminated and vein hosted Cu/Ag mineralisation |
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28 October 2019
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Drill hole Information |
• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collaro elevation or RL (Reduced Level – elevation above sea level inmetres) of the drill hole collar o dip and azimuth of the holeo down hole length and interception deptho hole length.• If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. |
• Information relating to the reverse circulation (RC) holes described in this announcement are listed in this JORC Table 1 and Table 1 Otjari/Qembo Drillholes, located within the text of this press release. |
| Data aggregation methods |
• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated. |
• Any significant intersection results will be compiled and reported by Kopore. • All other assay results will be reported as assay results received. |
| Relationship between mineralisation widths and intercept lengths |
• These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, _true width not known’). _ |
• Down hole widths are used throughout |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Diagrams | • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. |
• Appropriate maps and images demonstrating the licence locations and regional setting together with the continental geo-tectonic setting. |
| Balanced reporting |
• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced avoiding misleading reporting of Exploration Results. |
• The accompanying document is considered to be a balanced and representative report. |
| Other substantive exploration data |
• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. |
• Six regional NSAMT ground geophysical traverses have been completed for a total of 46.5Km. • Down hole conductivity/resistivity/gamma probes have been acquired in two diamond holes at Otjari. • Historical exploration information has been previously reported in a targeted press release. |
| Further work | • The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. |
• Any further work on the Licences will be dependent upon results from the initial orientation and reconnaissance soil sampling and ongoing geological re-interpretation together with the re-processed Government aeromagnetic |
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