KRE -- Navigator's Seltene Erden Ableger

To satisfy the acquisition of the initial 40% interest, Kimberley Rare Earths will pay Great Western a further A$250,000, taking total payments to $300,000, as well as issue 1 million shares at the five day volume weighted average price prior to issue and 750,000 options exercisable at $0.30 each within four years from six months after the date of issue.

Additional consideration comprises a cumulative $4 million payment over five years to earn up to 80%, with a right to increase to 90% by sole funding to production.

Kimberley Rare Earths will begin exploration immediately with the re-processing of geophysical and Landsat data to define suitable exploration targets for follow-up.

Dobson said the first exploration program will include including geological mapping, rock chip sampling and stream sediment sampling to identify the first drilling targets.

The company is aiming to have a rig on the project for the start of drilling after Mozambique’s wet season in the June quarter 2012.


Impressive historical data

No doubt attracting Kimberley Rare Earths to the Mozambique domiciled project is the historical data, which includes rock chip samples assaying over 20% TREO.

Added to this is concentrates from 38 separate pits located throughout the pegmatite field sampled by the current owner, which have averaged over 1000ppm TREO with 55% being LREO, 25% HREO and 20% yttrium oxide.

A sample extracted from the eluvial beds was subjected to mineralogical examination by a scanning electron microscope and found to comprise major xenotime and minor monazite and zircon.

In addition to yttrium, the xenotime shows appreciable dysprosium and erbium.


Strategic project location

Malilongue is located in western Mozambique about 300 kilometres west of the regional mining centre of Tete, and comprises two tenements, Mining Concession 1133C and Prospecting License 1583L.

Another plus for the project is good access with grid hydroelectric power, with mobile phone coverage located 50 kilometres to the east.

Great Western has established some basic infrastructure within the mining concession including a secure office, accommodation, workshop complex and has fully operational earth moving, haulage and treatment facilities associated with its gemstone operation.



Potential Projects

Dobson also told Proactive Investors Kimberley Rare Earths is assessing somewhere between five and 10 potential heavy and light rare earths project acquisitions at the moment, both in Australia and overseas.

“We are looking at other rare earth projects. We will only take on good quality projects. One of our biggest assets is our cash position and we want to make sure we conserve that as best we can,” he said.  

“We’ve only got room for a couple of grassroots projects. I am actually looking for another advanced project. Our plan is to have a pipeline of projects that will move into production over say the next five to 10 years

Expanded production is expected to commence in January and will mean a 10% increase in planned copper metal production from 4,900 to 5,200 tonnes in concentrate. Current mill capacity has been restricted to a maximum of 28 tonnes per hour (250,000 tonnes of ore per annum) due to tailings pipe and mill cyclone pump restrictions, resulting in no catch up ability after power or other outages. These restrictions are currently been addressed with a second tailings line currently being installed and larger mill cyclone pumps due for installation in the next two weeks.

ACN 129 954 365 ASX: KBL, KBLGA Level 3, 2 Elizabeth Plaza, Nth Sydney NSW 2060. PO Box 98, Nth Sydney NSW 2059. 12 December 2011 Further gains are expected in mill feed based on coarse grind metallurgy test work completed by the Company.

Indications are that high copper recoveries are still achievable at coarser

“We are particularly excited by the Vundu prospect, which has never previously been explored for any minerals, let alone rare earths. We plan to mobilise field crews as soon as weather permits.”


Vundu

The largest and highest priority target has been named the Vundu prospect and measures 3 kilometres in strike with total count activity levels that peak at eight times background.

The size and location of this anomaly are considered geologically significant being located on the margins of the intrusion where pegmatite-hosted HREO mineralisation is expected to occur.

No previous exploration has been conducted over this area. Kimberley Rare Earths is now planning to conduct ground radiometric surveys, soil geochemistry and geological mapping programs to define targets for reverse circulation drill testing.

This is expected to begin in March, following the current wet season.

High resolution aeromagnetic/radiometric data flown in 2008 by Kimberley Rare Earths’ joint venture partner Great Western Mining has been acquired and reprocessed to reveal considerable HREO potential within the project tenure.

A circular Malilongue granite intrusion was identified which appears to demonstrate significant internal magnetic zonation. This zonation may be a factor in targeting further HREO exploration.

Landsat and ASTER satellite thermal emission and reflectance data were acquired over the project area and manipulated in an attempt to enhance various alteration products potentially associated with pegmatite emplacement.

Strong vegetation cover over most of the project area resulted in a subdued response to many of the alteration ratios, however a marked vegetation anomaly was detected along the northern margins of the granite intrusion and coincident with the Vundu radiometric anomaly in particular.

Collis said Kimberley Rare Earths aims to begin drilling at Malilongue before mid-year, weather permitting.

“If we get some really good hits in the first drilling phase, which hopefully will be around about June, then we’ll be straight into resource drilling after that,” he said.


Impressive historical data

No doubt attracting Kimberley Rare Earths to the Mozambique domiciled project is the historical data, which includes rock chip samples assaying over 20% TREO.

Added to this is concentrates from 38 separate pits located throughout the pegmatite field sampled by the current owner, which have averaged over 1000 parts per million TREO with 55% being light rare earth oxides, 25% HREO and 20% yttrium oxide.

A sample extracted from the eluvial beds was subjected to mineralogical examination by a scanning electron microscope and found to comprise major xenotime and minor monazite and zircon.

In addition to yttrium, the xenotime shows appreciable dysprosium and erbium.


Farm-in Agreement

Under the farm-in agreement made with Great Western Mining, a gemstone mining company incorporated in Mozambique, Kimberley Rare Earths can earn up to a 90% interest in the Malilongue project.

Malilongue is just one of a number of acquisitions Kimberley Rare Earths has been considering.

Dobson also told Proactive Investors previously Kimberley Rare Earths is assessing somewhere between five and 10 potential heavy and light rare earths project acquisitions, both in Australia and overseas.


Cash-backed

At the end of the December quarter Kimberley Rare Earths held cash reserves of A$13.7 million, with a market cap of just $10 million.

 This presentation does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company nor shall it or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or commitment or investment decision relating to any securities in the Company. Any decision regarding any proposed subscription for securities in the Company must be made solely on the basis of information on the Company that is publicly available.  This presentation does not constitute an offer of securities for sale.

COMPETENT PERSONS STATEMENT  Information in this presentation that relates to exploration or exploration results is based on information compiled by Mr Geoff Collis, who is a member of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activities which are being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Collis consents to the inclusion of these estimates in the form and context in which they appear.  ....
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Präsentation auf der IQPC Seltene Erden Conferemnce Tue, 21 Februar 2012 09.05.00 1000 5 Stunden, 25 Minuten


Cummins Range - in Richtung Produktion IQPC Seltene Erden & Strategic Metals Conference Februar 2012 DISCLAIMER  Die Informationen in dieser Präsentation enthaltenen Informationen sind nicht Finanzproduktberatung. Die Präsentation ist zu Informationszwecken und sind allgemeiner Natur und die Zusammenfassung nur. Es stellt weder ein Angebot. Kimberley Rare Earths Limited (KRE) gibt keine Garantien in Bezug auf die Aussagen und Informationen in dieser Präsentation. Anleger sollten sich eine geeignete Beratung über ihre eigenen Ziele, finanziellen Situationen und Bedürfnisse. unterliegen naturgemäss Risiken und Unsicherheiten, die tatsächlichen Werte, Leistungen oder Erfolge erheblich von jenen unterscheiden ausgedrückt, impliziert oder in den zukunftsgerichteten Aussagen prognostizierten verursachen könnten.  Diese Präsentation enthält bestimmte Aussagen, die "zukunftsgerichtete Aussagen" darstellen können. Solche Aussagen sind nur Vorhersagen sind und  KRE lehnt jegliche Absicht oder Verpflichtung zur öffentlichen Aktualisierung jeglicher zukunftsgerichteter Aussagen, gleich ob als Ergebnis neuer Informationen, zukünftiger Ereignisse oder Ergebnisse oder auf andere Weise. Investoren werden darauf hingewiesen, dass zukunftsgerichtete Aussagen sind keine Garantien für zukünftige Leistungen und Investoren werden davor gewarnt, in unangemessener Weise auf zukunftsgerichtete Aussagen aufgrund der inhärenten Unwägbarkeiten enthalten.  Diese Präsentation stellt weder bilden einen beliebigen Teil eines Angebots oder einer Einladung zum Verkauf oder zur Ausgabe oder einer Bewerbung eines Angebots zum Kauf oder zur Zeichnung von Wertpapieren der Gesellschaft noch darf sie oder ein Teil davon, oder die Tatsache ihrer Verbreitung, bilden die Basis, auf oder im Zusammenhang mit der geltend gemacht werden einem Vertrag oder einer Verpflichtung oder Investitionsentscheidung betreffend Wertpapiere der Gesellschaft. Jede Entscheidung, zu allen Vorschlägen für Abonnements von Wertpapieren der Gesellschaft muss ausschließlich auf der Grundlage von Informationen über das Unternehmen, das öffentlich zugänglich ist, vorgenommen werden.  Diese Präsentation stellt weder ein Angebot zum Kauf von Wertpapieren. ZUSTÄNDIGE PERSONEN UND VERLUSTRECHNUNG  Die Informationen in dieser Präsentation, die auf Explorations-oder Explorationsergebnisse bezieht sich auf Informationen von Herrn Geoff Collis, der ein Mitglied des Australian Institute of Mining and Metallurgy ist zusammengestellt basiert und verfügt über ausreichend Erfahrung, die relevant Exploration ist es, die Art von Mineralisation und den Typ von Lagerstätte Überlegung und zu den Aktivitäten, die umgesetzt werden, um als qualifizierte Person, wie in der Ausgabe 2004 des "Australian Code for Reporting von mineralischen Ressourcen definiert und Ore Reserves ". Herr Collis stimmt der Aufnahme dieser Schätzungen in Form und Kontext, in dem sie erscheinen.  ....
media.wotnews.com.au/asxann/01270375.pdf

Malilongue - Heavy Rare Earth Exploration UnderwayThu, 5 Apr 2012 09:33:00 +1000       3 hours, 52 minutes ago


[Type text] ASX:KRE ASX ANNOUNCEMENT 5 April 2012 Kimberley Rare Earths Limited ABN 20 147 678 779 Directors Ian Macpherson – Chairman & NED Tim Dobson – Managing Director Allan Trench – NED Jon Parker – NED Management Tim Dobson – Managing Director Geoff Collis – GM Exploration Michael Chan – GM Project Dev. Darren Crawte – Company Secretary Head Office Suite 1, 83 Havelock St West Perth WA 6005 Telephone: +61 8 9486 4326 Facsimile: +61 8 9486 4327 Website www.kimberleyrareearths.com.au Capital Structure 126.6m shares 6.0m 25c, 2014 unlisted options 3.5m 30c, 2014 unlisted options 0.75m 30c, 2015 unlisted options Cash at 31 March 2012 $12.9 million Market Cap at 2 April 2012 $10.2 million For further information, please contact: TIM DOBSON Managing Director info@kimberleyrareearths.com.au Tel: +61 8 9486 4326 Malilongue, Mozambique: Heavy Rare Earth Exploration Underway KEY POINTS  Field exploration commenced at Malilongue HREE project  Vundu prospect’s significance confirmed via ground radiometric survey  Location of previously unrecorded artisanal pegmatite workings confirmed via mapping  Soil geochemistry program in progress Kimberley Rare Earths Limited (ASX:KRE) is pleased to announce it has begun the first systematic exploration program of its 40%‐owned Malilongue Heavy Rare Earth Project located in Mozambique (see Appendix 1 for location map). KRE entered into the Malilongue Project, a joint venture, in September 2011 to take advantage of the strong prospectivity for xenotime‐hosted heavy rare earth oxides such as yttrium, dysprosium and erbium; coupled with the strong market outlook for heavy rare earth products.

A program of high‐impact exploration is underway to rapidly assess priority heavy rare earth targets identified from regional geophysical datasets previously advised to ASX on 17 February 2012. The aim is for the priority targets identified to be the basis of a drilling program during the 2012 dry season. A ground radiometric survey is in progress at the Vundu prospect.

Initial indications confirm and significantly enhance the airborne anomaly. Scintillometer readings in excess of 10 times background have been recorded along segments of the prospect leading to discrete targets constrained within the broader Vundu prospect. Full results will be released when the survey is complete.

Reconnaissance geological mapping is also underway and has uncovered previously unrecorded artisanal workings excavated within pegmatites. Some of these diggings are very recent indicating that new pegmatite discoveries are constantly being made within the tenement area. These new occurrences are being mapped and sampled to ....

media.wotnews.com.au/asxann/01285616.pdf

The tin in soil values peak at 992ppm from within an anomaly defined by a threshold value of 200ppm tin, with the anomaly slightly offset from the lithium-tantalum zone and may be indicative of a zoned pegmatite body which is consistent with similar deposits currently being mined around the world.

Tim Dobson, managing director, commented: “The KRE exploration team has done an excellent job in identifying two significant prospects in quick succession. These early achievements confirm our view that Malilongue is highly prospective for a range of deposit types.”

Importantly - geological mapping at Chigaio has identified that the surface lithium tantalum tin anomalism is directly related to a large pegmatite body emplaced along a major NE trending structure that defines the SE contact of the Malilongue granite.

A major plus us early indications suggest that the Chigaio pegmatite is of a particular rare element class known as LCT, which is one of the most important sources of tantalum, lithium, tin, other rare metals and gemstones.

Geoff Collis, GM of Exploration, told Proactive Investors today that prospects keep appearing at Malilongue. "We continue to discover good values of rare earths and heavy rare earths, along with lithium and tantalum. Heavy rare earths remain our primary target."


News flow to increase in the short term

Kimberley will look to release more geochemical soil results in August and September, with a trenching program to commence immediately in the Chigaio prospect area, which is a low cost and effective method of follow up testing.

Once these additional results have been received and targets defined, Kimberley can then look to drill test using a reverse circulation rig which has been sourced locally.


Quelle
Proactive Investors