The Mineral Resource estimate was compiled by an independent resource consultant
Mineral Resource Estimate
The Mineral Resource was estimated by applying a 0.5% low cut to a Zn equivalent grade calculated for Zn/Pb/Ag/V2O5, totalling 21 million tonnes at 2.04% Zn equivalent. The total resource is made up of 11.7 million tonnes of Indicated Mineral Resource (55.9%) and 9.3 million tonnes of Inferred Mineral Resource (44.1%)
Geology and Geological Interpretation
The Kihabe Deposit, situated within a Neo-Proterozoic belt, 7km West of the Nxuu Deposit, covers a strike length of 2.4km. The Kihabe Deposit lies in the north-western region of
Competent Person Statement
The information in this release that relates to Mineral Resources is based on information compiled by Mr
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Forward Looking Statement
This report contains forward looking statements in respect of the projects being reported on by the Company. Forward looking statements are based on beliefs, opinions, assessments and estimates based on facts and information available to management and/or professional consultants at the time they are formed or made and are, in the opinion of management and/or consultants, applied as reasonably and responsibly as possible as at the time that they are applied. Any statements in respect of Ore Reserves, Mineral Resources and zones of mineralisation may also be deemed to be forward looking statements in that they contain estimates that the Company believes have been based on reasonable assumptions with respect to the mineralisation that has been found thus far. Exploration targets are conceptual in nature and are formed from projection of the known resource dimensions along strike. The quantity and grade of an exploration target is insufficient to define a Mineral Resource. Forward looking statements are not statements of historical fact, they are based on reasonable projections and calculations, the ultimate results or outcomes of which may differ materially from those described or incorporated in the forward-looking statements. Such differences or changes in circumstances to those described or incorporated in the forward-looking statements may arise as a consequence of the variety of risks, uncertainties and other factors relative to the exploration and mining industry and the particular properties in which the Company has an interest. Such risks, uncertainties and other factors could include but would not necessarily be limited to fluctuations in metals and minerals prices, fluctuations in rates of exchange, changes in government policy and political instability in the countries in which the Company operates
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