Kipoi Copper Project - Stage 1 Development
Commencement of mining operations
Freighting of heavy media separation (HMS) plant to site
Commencement of erection of the HMS plant
Kipoi Stage 1 development progressed within budget and on schedule for
plant commissioning in March 2011.
Kipoi Copper Project - Stage 2 Development
Stage 2 SXEW scoping study progressing with planned completion in Q1
Drilling programme planned for 2011 to test targets for identification
of additional resources for Stage 2 development
Lupoto Copper Project
2,821m of reverse circulation and 891m of diamond drilling completed
during the quarter at Sase Central, Sase South and Mwana East prospects
Sase Central results received to date confirm existence of significant
Remaining results expected to be received from South African Laboratory
Sase Central maiden resource estimate planned for Q1 2011
Significant new targets identified at Sase South and Mwana East
Follow-up drilling programmes planned for 2011
PERTH, Western Australia, Jan. 31 /CNW/ - Emerging copper producer Tiger
Resources Limited (ASX/TSX: TSG) is pleased to report its activities
for the December 2010 quarter.
KIPOI COPPER PROJECT (Tiger 60%)
Kipoi Stage 1 Development
The Stage 1 development of the high-grade Kipoi Copper Project, located
in the Democratic Republic of Congo's Katanga copper belt, comprises an
open pit mining operation with a crushing and heavy media separation
(HMS) plant. The plant will produce a concentrate product averaging 25%
copper which will be available for sale to local and export customers.
Development activities progressed on time and within budget during the
Mining contractor MCK Mining sprl (MCK) commenced mining operations
during the quarter and has developed the Kipoi pit with ore exposed
ready to feed the plant. During the quarter MCK also completed the
access road, plant site earthworks, site establishment and equipment
mobilisation. A total of 240,000t of waste material was mined during
the quarter. No ore mining was undertaken.
Plant Construction and Installation
During the quarter DRA Mineral Projects (Pty) Ltd completed the design,
procurement and infrastructure requirements for the plant. The plant
was assembled in Johannesburg, before being disassembled into modules
for transport to site. Freighting of the plant components to Kipoi and
site erection commenced during the quarter.
Significant progress was made with owner managed works during the
Refurbishment of the site-based mess and contractor facilities were
Mining department was established and managed the mining contractor;
Heap leach pad and slimes dam construction commenced;
Recruitment of operations personnel commenced;
Fuel supply contract, catering and medical servicing contracts were
The water supply dam was completed and filling commenced prior to the
The Kipoi Stage 1 development continues to make good progress with
commissioning planned to commence in March 2011. All contractor and
owner works are proceeding within scope, on-time and within respective
Kipoi Stage 2 Development
Stage 2 SXEW Development Study
Tiger appointed ARCCON, an experienced engineering group based in Perth,
to complete an initial study to define the scope and size of a
conceptual Stage 2 SXEW operation to produce LME grade copper cathode
Progress during the quarter included the completion of the life of mine
plan schedule, plant design and sizing. Finalisation of costing is
expected to be completed during Q1 2011. Under current planning the
SXEW facility would have a life exceeding ten years with production
scaling up to 50,000tpa of copper metal.
Near Mine Exploration at Kipoi
Exploration plans have been developed to test targets within the Kipoi
mining lease that have potential to provide additional feed to the
planned infrastructure. Tiger intends to commence drilling of these
targets during Q1 2011. The on-site sample preparation facility at
Kipoi has been re-commissioned and is currently in use for preparation
of samples generated by exploration activities.
LUPOTO PROJECT (100%)
An air core program of 536m, RC drilling program of 2,821m and diamond
drilling program of 891m was carried out at Lupoto during the December
This included an extension and in-fill drilling program at Sase Central,
a prospect within the Lupoto licence area.
First assay results received include the following significant
48m @ 2.11% Cu intersected in hole SASRC001
32m @ 1.10% Cu intersected in hole SASAC442
10m @ 2.10% Cu intersected in hole SASAC443
35m @ 1.18% Cu intersected in hole SASAC446
Holes SASRC001, SASAC442 and SASAC446 ended in mineralisation.
The drilling programme successfully extended the strike length and width
of mineralisation at Sase Central. Mineralisation is now delineated
over a strike length of 700m and with a width extent of up to 300m.
Mineralisation remains open along strike and at depth.
Receipt of final results of the drilling program has been delayed
through hold-ups in clearing the samples through customs at the South
African border. Assay results from the ALS Laboratory in Johannesburg
are now expected to be received and available for release during
A maiden resource estimate for Sase Central is currently being estimated
by geological resource consultants Cube Consulting and is scheduled for
completion during Q1 2011.
New targets were discovered using through soil sampling. The new
targets, Sase South and Mwana East, will be subject to further
investigation in 2011.
Cash on hand at the end of the quarter was A$13.3 million
The Company's financial year end has been changed to 31 December to
align reporting with its DRC subsidiaries. Tiger will therefore prepare
an annual report for the 6-month period to 31 December and hold its
next Annual General Meeting during May 2011.
The Kipoi Project covers an area of 55 sq kms and is located 75km
north‐north‐west of the city of Lubumbashi in the Katangan Province of
the DRC. The Project contains a 12km sequence of mineralised Roan
sediments that host at least five known deposits: Kipoi Central, Kipoi
North, Kileba, Judeira and Kaminafitwe. The Company has reported JORC
standard resources at three of the deposits. The principle deposit is
Kipoi Central which contains a zone of high grade copper mineralisation
within a much larger lower grade global resource.
The Company proposes a staged development at the Kipoi Project. The high
grade zone of mineralisation at Kipoi Central is proposed to be
exploited during the Stage 1 development. During the three year life of
Stage 1 a total of 900,000tpa of 7% Cu is planned to be processed
through a Heavy Media Separation plant to produce the equivalent of
35,000tpa of copper.
A study is under way for the development of a Stage 2 SXEW facility at
Kipoi, that conceptually would have a life exceeding ten years with
production scaling up to 50,000tpa of copper.
Caution Regarding Forward Looking Statements: The forward-looking
statements made in this report are based on assumptions and judgments
of management regarding future events and results. Such forward-looking
statements, including but not limited to those with respect to the
development of a Stage 1 mining operation at the Kipoi Project involve
known and unknown risks, uncertainties, and other factors which may
cause the actual results, performance or achievements of the Company to
be materially different from any anticipated future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the
actual market prices of copper, cobalt and silver, the actual results
of current exploration, the actual results of future mining, processing
and development activities, changes in project parameters as plans
continue to be evaluated, as well as those factors disclosed in the
Company's filed documents. There can be no assurance that the Kipoi
Project will be successfully developed, that any mineralisation
previously disclosed in respect of the Kipoi Project will be proven to
be economic, that anticipated metallurgical recoveries will be
achieved, that future evaluation work will confirm the viability of
deposits identified within the project or that future required
regulatory approvals will be obtained.
Scientific or technical information in this report has been prepared
under the supervision of Mr Bradley Marwood, Managing Director and a
full-time employee of the Company and a Member of the AusIMM (101610.)
Mr Marwood has sufficient experience which is relevant to the style of
mineralization under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the JORC
Code and to qualify as a "Qualified Person" under NI 43-101. Mr Marwood
consents to the inclusion in this report of the matters based on his
information in the form and context in which it appears.
SOURCE Tiger Resources Limited
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