In April 2009 Maiden Inferred Mineral Resource estimates were completed for the Kipoi North and the Kileba South deposits which form part of the Kipoi Project. Both deposits are located within the boundaries of the Kipoi Project area which contains a 12 km sequence of mineralised Roan sediments that also hosts the Company’s flagship Kipoi Central deposit.

The mineral resource estimates were based on the results of the extensive diamond and RC resource drilling undertaken on both deposits during 2008. Further potential exists at Kipoi North and Kileba for lateral oxide extensions and the deposits are open at depth with substantial scope for expansion of sulphide resources.

Both resource estimates at Kipoi North and Kileba South represent predominantly oxide mineralisation which should be amenable to treatment in an SXEW operation.

Kipoi North and Kileba South are in close trucking proximity to Kipoi Central offering synergies and efficiencies for future mining operation.

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Copper oxide mineralisation at Kipoi North is predominantly hosted by malachite in deeply oxidised and weathered siltstones and dolomites which are part of the Lower Roan – Mine Series. 

Kipoi North's mineralisation

Mineral Resource Estimate for Kipoi North

The Mineral Resource estimate for Kipoi North was prepared by Cube Consulting Pty Ltd. The resource was calculated in accordance with JORC standards and is classified as an Inferred Mineral Resource.

Table:         Kipoi North deposit – maiden Resource Estimate