Kombat Copper Annouces the Appointment of Basil Read (Pty) Ltd. as Mining Sub-Contractor
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/05/16 -- Kombat Copper Inc. (TSX VENTURE: KBT) ("Kombat Copper" or the "Company") is pleased to announce that the reputable mining contractor Basil Read (Pty) Ltd., a South African based mining and construction company, has been retained effective May 1, 2016 on a day works contract by EBM Mining Namibia (Pty) Ltd. ("EBM").
The Basil Read contract secures the necessary labour and equipment (including an excavator, grader, front-end loader, hydraulic hammer and trucks) to commence near surface mining at Kombat Copper''s Gross Otavi mining license later this month. EBM expects to commence mining at the main Central Pit on the "Kombat Central" portion of the property early in the third quarter.
The Kombat mill refurbishment and clean up is progressing well and remains on target. For more images of the Mill and infrastructure refurbishment please visit the Kombat website at and select the "Gallery" tab.
To view Figures 1-3, visit the following link:
Paul Bozoki, President and CEO of Kombat Copper, having just returned from Namibia, commented: "It is clear that EBM is preparing for production at the Kombat Mine. We are pleased to see that they have selected and contracted a well respected mining sub-contractor who will be mobilizing to commence surface mining at Gross Otavi and the Central Pit while also refurbishing the Kombat mill; which is expected to be in operation late in the third quarter."
About Kombat Copper
Kombat Copper 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 upside. The Company continues to hold 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 Kombat Mine.
Kombat Copper has contracted EBM to begin mining lead/copper mineralization at Kombat East, Kombat Central and Gross Otavi within the year. Concentrates are expected to be produced at the Company''s production facilities, which are being refurbished by EBM. EBM is also evaluating opportunities to market aggregate stone and sand byproducts locally.
Cautionary Notes
Neither the 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 drill program, possible mineralization and deposits, the anticipated timeline regarding future exploration work, availability of results and production, the Company''s expectations regarding mineral resources, EBM''s ability to commence operations and operate the applicable portions of the Kombat mine, EBM''s ability to make the requisite investments, Basil Read''s ability to execute mining operations, the Company''s expectations regarding the production and sales of mineralization from the Kombat Mine and potential development work and the Company''s plans for the Kombat Mine including any financial impact and community impact. 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.
Contacts:
Kombat Copper Inc.
Rob Hopkins
Manager, Investor Relations
+1 (416) 861-5899
Kombat Copper Inc.
Paul Bozoki
President and CEO
+1 (416) 309-2951
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Datum: 05.05.2016 - 05:00 Uhr
Sprache: Deutsch
News-ID 1432920
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