Trenching Completed from Kasombo Copper-Cobalt Project in DRC

(firmenpresse) - Trenching Completed from Kasombo Copper-Cobalt Project in DRC

Highlights:

- Good cobalt assays returned from trenches:

o TR006: 10 m (at) 0.21% Co between 42 and 50 m;
o TR007: 12 m (at) 0.23% Co between 17 and 26 m;

- More detailed mapping completed at Kasombo 7;
- New drilling program now planned.

Fe Limited (Company) (ASX: FEL) is pleased to advise that a trenching program was completed at Kasombo Copper-Cobalt Project (Kasombo Project) located in the Democratic Republic of Congo. Sampling was completed from seven trenches (for a total of 598 m and 273 channel samples) across the mineralised strata of cobalt-rich Kasombo 7. The trenches were logged, with the information incorporated into a new geological map.

The channel samples returned good cobalt grades from two trenches at the expected targeted stratigraphic sequence.

Trench summary assay

Trench_FromTo ThicCo_ppmComment
ID k

KSB_TR020.424.94.5 650
01

KSB_TR053.261.28.0 590
01

KSB_TR03.0 9.0 6.0 585
02

KSB_TR0 no
03 significant
Co
assay

KSB_TR04.0 6.0 2.0 920
04

KSB_TR021.028.07.0 690
05

KSB_TR042.052.010.02050
06

KSB_TR016.028.012.02300
07

Kasombo 7 is a cobalt target hosted in the highly prospective Lower Roan Group rocks of the Katangan Copperbelt. The trenching targeted the favourable horizon noted by past work activity which incidentally is exploited by artisanal workers.

Previously announced assays from Kasombo 7 drilling showed shallow intercepts of cobalt mineralisation that included (refer to FEL announcement dated 14 March 2018):

- KSB004: 11 m (at) 0.1% Co from 8 m
- KSB006: 3 m (at) 0.13% Co from 10 m

Previously announced assay results from Kasombo 5 drilling showed wide intersections of high grade copper mineralization that included (refer to FEL announcement dated 14 March 2018):

- KSB001: 23 m (at) 3.18% Cu from 54 m
- KSB003b: 24 m (at) 3.50% Cu from 37 m
- KSB003b: 12 m (at) 0.19% Co from 36 m
- KSB003: 10 m (at) 0.22% Co from 11 m

Commenting on the results of exploration, Chairman Tony Sage said; we are very excited by these results and will now plan a targeted drilling program on both Kasombo 5 and Kasombo 7 to further investigate the size of the great copper results and follow up on the good cobalt results.

The Kasombo Project comprises three mineralised areas, Kasombo 5, 6 and 7, within 600 hectares of area located within two granted mining licenses PE 481 and PE 4886, which are held by La Generale Des Carrieres Et Des Mines S.A. (Gecamines).

In March 2017, Paragon Mining SARL (Paragon) executed a contract with Gecamines for the undertaking of exploration and research work at the Kasombo Project. In November 2017, FEL was assigned the rights to explore and exploit the Kasombo Project from Cape Lambert Resources Limited (Cape Lambert), which in turn acquired its rights to the Kasombo Project via a 50/50 joint venture with Paragon in the newly established Soludo Lambert Mining SAS (full details of the assignment are described in the Notice of the Annual General Meeting, refer ASX announcement dated 4 October 2017).

Yours faithfully
FE LIMITED

Tony Sage
Non-Executive Chairman

http://www.irw-press.at/prcom/images/messages/2018/44367/0355 - Kasombo_Trenching_230818PRcom.001.jpeg


Figure 1: Location of Kasombo Project and nearby Kipushi Processing Plant

http://www.irw-press.at/prcom/images/messages/2018/44367/0355 - Kasombo_Trenching_230818PRcom.002.jpeg

Figure 2: Kasombo Location Map
http://www.irw-press.at/prcom/images/messages/2018/44367/0355 - Kasombo_Trenching_230818PRcom.003.jpeg


Figure 3: Kasombo 7 Trench Location Map - Google Earth view; for trench name and location refer to Figure 4

http://www.irw-press.at/prcom/images/messages/2018/44367/0355 - Kasombo_Trenching_230818PRcom.004.png

Figure 4: Kasombo 7 Trench Location Map - Geology Map; trench location shown by solid black lines, trench name is adjacent to respective location; fault denoted by dotted black lines

Competent Person Statement

The information in this report is compiled and collected by Mr Jess Oram, Executive Director of Cauldron Energy (an affiliate company of FE Limited) who is a Member of the Australasian Institute of Geoscientists. Oram has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves (JORC Code 2012). Oram consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Australian Securities Exchange Code: FEL
Ordinary Shares:
370,877,963

Board of Directors:

Tony Sage
Non-Executive Chairman
Kenneth Keogh
Non-Executive Director
Nicholas Sage
Non-Executive Director

Contact:
www.felimited.com.au
32 Harrogate St, West Leederville
Western Australia 6007 Australia
Telephone +61 8 6181 9793
Email info(at)felimited.com.au

Fe Limited is an Australian domiciled mineral resources exploration and development company.

Fe Limited
ABN: 31 112 731 638
http://www.irw-press.at/prcom/images/messages/2018/44367/0355 - Kasombo_Trenching_230818PRcom.005.jpeg












Table 1; Location of Trenching

Prop TrencShorGPS GPS GPS AzimLengt
ID h t UTM_E UTM_N Elevauth h
ID ID tion (m)

KSB_PTKSB_TTR005339678710291289 045 120
R009 R001 1 3

KSB_PTKSB_TTR005339698710341322 045 96
R002 R002 2 3

KSB_PTKSB_TTR005340218710251300 045 100
R003 R003 3 9

KSB_PTKSB_TTR005340818710261297 045 100
R007 R004 4 9

KSB_PTKSB_TTR005340858710261321 150 75
R006 R005 5 8

KSB_PTKSB_TTR005340278710241294 150 62
R005 R006 6 8

KSB_PTKSB_TTR005340108710221295 150 45
R004 R007 7 8

KEY:
Grid Datum: wgs84, zone 35 south
GPS_UTM_E: easting of trench datum position
GPS_UTM_N: northing of trench datum position
GPS_Elevation: elevation of trench datum position
Azimuth: Azimuth of trench orientation looking from trench datum position
Length (m): Length of trench looking from trench datum position



Table 2; Assays and Stratigraphic Description of Trenching

TRENCGeol_FROTO WidCu_PrefCo_MS61Fe_MS6S_MS6Cu_Pref_
H Desc M th _ppm _ppm 1_% 1_% Method
ID

KSB_TOVB 16.18.2.0219 209 4.5 <0.01ME-MS61
R001 4 4 0

KSB_TOVB 18.20.2.0201 431 7.0 0.0 ME-MS61
R001 4 4 0

KSB_TRAT 20.21.1.0347 657 5.9 0.0 ME-MS61
R001 4 4 0

KSB_TRAT 21.22.1.0254 765 7.8 0.0 ME-MS61
R001 4 4 0

KSB_TRAT 22.23.0.8264 645 6.1 0.0 ME-MS61
R001 4 2 0

KSB_TRAT 23.23.0.7246 671 5.4 0.0 ME-MS61
R001 2 9 0

KSB_TD 23.24.1.0276 508 5.4 0.0 ME-MS61
R001 STRA9 9 0
T

KSB_TD 24.25.1.0251 209 4.2 0.0 ME-MS61
R001 STRA9 9 0
T

KSB_TD 25.26.1.0247 74 2.7 0.0 ME-MS61
R001 STRA9 9 0
T

KSB_TD 26.27.0.8320 163 2.9 0.0 ME-MS61
R001 STRA9 7 0
T

KSB_TRSF 27.28.0.8246 175 2.9 0.0 ME-MS61
R001 7 5 0

KSB_TRSF 28.29.0.8255 87 2.5 0.0 ME-MS61
R001 5 3 0

KSB_TRSC 29.31.1.0184 99 2.1 0.0 ME-MS61
R001 3 3 0

KSB_TRSC 31.33.0.7115 106 2.6 0.0 ME-MS61
R001 3 0 0

KSB_TSD 33.35.1.0241 225 4.1 0.0 ME-MS61
R001 0 0 0

KSB_TSD 35.36.1.961 62 2.0 0.0 ME-MS61
R001 0 9 0

KSB_TSD 36.38.2.0222 408 4.5 0.0 ME-MS61
R001 9 9 0

KSB_TSD 38.40.2.0179 236 4.7 0.0 ME-MS61
R001 9 9 0

KSB_TSD 40.42.1.3171 259 3.8 0.0 ME-MS61
R001 9 2 0

KSB_TSD 42.43.1.0230 214 4.4 0.0 ME-MS61
R001 2 2 0

KSB_TSD 43.44.1.0269 174 5.7 0.0 ME-MS61
R001 2 2 0

KSB_TSD 44.45.1.0155 173 4.9 0.0 ME-MS61
R001 2 2 0

KSB_TSD 45.46.1.0253 268 4.8 0.0 ME-MS61
R001 2 2 0

KSB_TSD 46.47.1.0354 390 5.9 0.0 ME-MS61
R001 2 2 0

KSB_TSD 47.49.2.0257 283 5.2 0.0 ME-MS61
R001 2 2 0

KSB_TSD 49.51.2.0546 320 5.2 0.0 ME-MS61
R001 2 2 0

KSB_TSD 51.53.2.0658 392 5.9 0.0 ME-MS61
R001 2 2 0

KSB_TSD 53.55.2.0826 836 8.0 0.0 ME-MS61
R001 2 2 0

KSB_TSD 55.57.2.0473 533 6.4 0.0 ME-MS61
R001 2 2 0

KSB_TSD 57.59.2.0355 400 7.0 0.0 ME-MS61
R001 2 2 0

KSB_TSD 59.61.2.0500 590 6.9 0.0 ME-MS61
R001 2 2 0

KSB_TSD 61.62.0.8160 175 4.1 0.0 ME-MS61
R001 2 0 0

KSB_TSD 62.62.0.8102 138 3.0 0.0 ME-MS61
R001 0 8 0

KSB_TSD 62.63.0.887 81 3.0 0.0 ME-MS61
R001 8 6 0

KSB_TSD 63.64.1.085 58 3.1 0.0 ME-MS61
R001 6 6 0

KSB_TSD 64.65.1.082 68 3.3 0.0 ME-MS61
R001 6 6 0

KSB_TSD 65.66.1.0103 74 3.5 0.0 ME-MS61
R001 6 6 0

KSB_TSD 66.67.1.0106 87 3.7 0.0 ME-MS61
R001 6 6 0

KSB_TSD 67.68.1.094 82 3.4 0.0 ME-MS61
R001 6 6 0

KSB_TSD 68.69.0.887 116 4.0 0.0 ME-MS61
R001 6 4 0

KSB_TSD 69.70.0.850 134 4.1 <0.01ME-MS61
R001 4 2 0

KSB_TSD 70.71.0.842 101 3.4 <0.01ME-MS61
R001 2 0 0

KSB_TSD 71.71.0.6111 122 4.3 0.0 ME-MS61
R001 0 6 0

KSB_TSD 71.73.1.473 76 2.9 0.0 ME-MS61
R001 6 0 0

KSB_TSD 73.74.1.548 66 2.4 <0.01ME-MS61
R001 0 5 0

KSB_TSD 74.76.1.556 54 2.5 <0.01ME-MS61
R001 5 0 0

KSB_TSD 76.78.2.073 69 2.7 <0.01ME-MS61
R001 0 0 0

KSB_TSD 78.80.2.0110 53 3.1 0.0 ME-MS61
R001 0 0 0

KSB_TSD 80.82.2.081 54 2.9 0.0 ME-MS61
R001 0 0 0

KSB_TSD 82.84.2.090 116 3.0 <0.01ME-MS61
R001 0 0 0

KSB_TSD 84.86.2.073 67 3.0 0.0 ME-MS61
R001 0 0 0

KSB_TSD 86.88.2.065 51 2.8 <0.01ME-MS61
R001 0 0 0

KSB_TSD 88.90.2.066 47 2.7 <0.01ME-MS61
R001 0 0 0

KSB_TSD 90.92.2.078 48 2.8 <0.01ME-MS61
R001 0 0 0

KSB_TSD 92.94.2.061 41 2.7 <0.01ME-MS61
R001 0 0 0

KSB_TSD 94.96.2.096 71 2.7 <0.01ME-MS61
R001 0 0 0

KSB_TSD 96.97.1.762 81 2.9 <0.01ME-MS61
R001 0 7 0

KSB_TCMN 97.99.2.0129 94 2.7 0.0 ME-MS61
R001 7 7 0

KSB_TCMN 99.1012.0108 72 3.1 <0.01ME-MS61
R001 7 .7 0

KSB_TCMN 1011032.066 83 3.4 <0.01ME-MS61
R001 .7 .7 0

KSB_TCMN 1031052.0136 129 4.8 <0.01ME-MS61
R001 .7 .7 0

KSB_TCMN 1051072.0124 155 3.6 <0.01ME-MS61
R001 .7 .7 0

KSB_TCMN 1071092.0133 331 5.0 <0.01ME-MS61
R001 .7 .7 0

KSB_TCMN 1091112.073 229 3.3 <0.01ME-MS61
R001 .7 .7 0

KSB_TRAT 0.01.01.0151 344 6.4 0.0 ME-MS61
R002 0

KSB_TRAT 1.02.01.0132 310 6.4 <0.01ME-MS61
R002 0

KSB_TRAT 2.03.01.0127 353 7.4 <0.01ME-MS61
R002 0

KSB_TRAT 3.04.01.0217 512 6.0 <0.01ME-MS61
R002 0

KSB_TRAT 4.05.01.0243 496 4.7 <0.01ME-MS61
R002 0

KSB_TRAT 5.06.01.0350 607 4.8 <0.01ME-MS61
R002 0

KSB_TRAT 6.06.70.7461 724 2.6 <0.01ME-MS61
R002 0

KSB_TRAT 6.77.40.7475 428 7.7 0.0 ME-MS61
R002 0

KSB_TRAT 7.48.10.7449 556 7.0 0.0 ME-MS61
R002 0

KSB_TRAT 8.19.00.9489 760 5.8 0.0 ME-MS61
R002 0

KSB_TRAT 9.010.1.0231 367 4.4 0.0 ME-MS61
R002 0 0

KSB_TD 10.11.1.0191 242 4.1 0.0 ME-MS61
R002 STRA0 0 0
T

KSB_TD 11.12.1.0280 347 5.7 0.0 ME-MS61
R002 STRA0 0 0
T

KSB_TD 12.13.1.0198 319 2.3 0.0 ME-MS61
R002 STRA0 0 0
T

KSB_TD 13.14.1.0172 179 2.8 0.0 ME-MS61
R002 STRA0 0 0
T

KSB_TD 14.15.1.0155 178 3.1 0.0 ME-MS61
R002 STRA0 0 0
T

KSB_TD 15.16.1.0177 232 2.1 0.0 ME-MS61
R002 STRA0 0 0
T

KSB_TD 16.17.1.0127 223 1.5 0.0 ME-MS61
R002 STRA0 0 0
T

KSB_TD 17.18.1.0145 169 2.1 0.0 ME-MS61
R002 STRA0 0 0
T

KSB_TD 18.19.1.0183 188 1.5 <0.01ME-MS61
R002 STRA0 0 0
T

KSB_TD 19.20.1.0176 168 2.9 0.0 ME-MS61
R002 STRA0 0 0
T

KSB_TD 20.20.0.8157 122 2.5 0.0 ME-MS61
R002 STRA0 8 0
T

KSB_TD 20.21.0.7145 74 2.0 0.0 ME-MS61
R002 STRA8 5 0
T

KSB_TRSF 21.22.1.0121 53 1.6 0.0 ME-MS61
R002 5 5 0

KSB_TRSF 22.23.1.0112 65 1.6 0.0 ME-MS61
R002 5 5 0

KSB_TRSF 23.24.1.0198 89 2.1 0.0 ME-MS61
R002 5 5 0

KSB_TRSF 24.25.0.7264 82 2.1 0.0 ME-MS61
R002 5 2 0

KSB_TRSC 25.27.0.9155 129 1.4 0.0 ME-MS61
R002 2 1 0

KSB_TRSC 27.29.1.087 70 1.5 <0.01ME-MS61
R002 1 1 0

KSB_TRSF 29.30.1.0177 97 2.0 0.0 ME-MS61
R002 1 1 0

KSB_TRSF 30.31.1.0146 73 2.0 0.0 ME-MS61
R002 1 1 0

KSB_TRSF 31.32.1.0177 636 6.8 0.0 ME-MS61
R002 1 1 0

KSB_TRSF 32.33.1.0246 493 4.4 0.0 ME-MS61
R002 1 1 0

KSB_TRSF 33.34.1.0209 249 2.6 0.0 ME-MS61
R002 1 1 0

KSB_TRSF 34.35.1.0191 201 2.7 0.0 ME-MS61
R002 1 1 0

KSB_TRSC 35.35.0.7183 322 3.8 0.0 ME-MS61
R002 1 8 0

KSB_TSD 35.37.1.083 765 6.8 0.0 ME-MS61
R002 8 8 0

KSB_TSD 37.39.1.0113 365 5.2 0.0 ME-MS61
R002 8 8 0

KSB_TSD 39.41.1.0171 246 4.0 0.0 ME-MS61
R002 8 8 0

KSB_TSD 41.43.1.584 100 4.5 0.0 ME-MS61
R002 8 3 0

KSB_TSD 43.44.1.0140 220 6.0 0.0 ME-MS61
R002 3 3 0

KSB_TSD 44.45.1.0339 319 6.4 0.0 ME-MS61
R002 3 3 0

KSB_TSD 45.46.0.7333 460 5.2 0.0 ME-MS61
R002 3 0 0

KSB_TSD 46.47.1.0394 496 6.9 0.0 ME-MS61
R002 0 0 0

KSB_TSD 47.49.2.0482 798 6.7 0.0 ME-MS61
R002 0 0 0

KSB_TSD 49.51.2.0309 233 12.2 0.0 ME-MS61
R002 0 0 0

KSB_TSD 51.53.2.0855 317 8.1 0.0 ME-MS61
R002 0 0 0

KSB_TSD 53.55.2.0404 552 9.5 0.0 ME-MS61
R002 0 0 0

KSB_TSD 55.57.2.0341 426 7.5 0.0 ME-MS61
R002 0 0 0

KSB_TSD 57.58.1.0453 468 8.2 0.0 ME-MS61
R002 0 0 0

KSB_TSD 58.59.1.0629 468 6.7 0.0 ME-MS61
R002 0 0 0

KSB_TSD 59.60.1.0233 284 5.6 <0.01ME-MS61
R002 0 0 0

KSB_TSD 60.61.1.0306 285 5.1 <0.01ME-MS61
R002 0 0 0

KSB_TSD 61.62.1.0245 81 3.5 <0.01ME-MS61
R002 0 0 0

KSB_TSD 62.63.1.0113 161 3.5 <0.01ME-MS61
R002 0 0 0

KSB_TSD 63.64.1.058 78 1.9 <0.01ME-MS61
R002 0 0 0

KSB_TSD 64.66.2.098 115 2.9 <0.01ME-MS61
R002 0 0 0

KSB_TSD 66.68.2.0101 92 3.3 0.0 ME-MS61
R002 0 0 0

KSB_TSD 68.70.2.0130 59 3.1 0.0 ME-MS61
R002 0 0 0

KSB_TSD 70.72.2.0107 115 3.1 0.0 ME-MS61
R002 0 0 0

KSB_TSD 72.74.2.074 64 3.1 0.0 ME-MS61
R002 0 0 0

KSB_TSD 74.76.2.0100 88 3.0 <0.01ME-MS61
R002 0 0 0

KSB_TRSC 0.02.02.0153 142 3.0 0.0 ME-MS61
R003 0

KSB_TRSC 2.04.02.0162 97 3.2 0.0 ME-MS61
R003 0

KSB_TRSC 4.06.02.0143 169 2.8 0.0 ME-MS61
R003 0

KSB_TRSC 6.08.02.0177 92 3.9 0.0 ME-MS61
R003 0

KSB_TRSC 8.010.2.0233 87 3.7 0.0 ME-MS61
R003 0 0

KSB_TRSC 10.12.2.0209 155 3.2 0.0 ME-MS61
R003 0 0 0

KSB_TRSC 12.14.2.0253 211 4.5 0.0 ME-MS61
R003 0 0 0

KSB_TSD 14.16.2.0272 203 4.5 0.0 ME-MS61
R003 0 0 0

KSB_TSD 16.18.2.0257 371 6.2 0.0 ME-MS61
R003 0 0 0

KSB_TSD 18.20.2.0113 94 3.7 0.0 ME-MS61
R003 0 0 0

KSB_TSD 20.22.2.0247 226 5.5 0.0 ME-MS61
R003 0 0 0

KSB_TSD 22.24.2.0160 147 5.2 0.0 ME-MS61
R003 0 0 0

KSB_TSD 58.60.1.5239 152 4.6 0.0 ME-MS61
R003 5 0 0

KSB_TSD 60.61.1.2152 325 3.1 0.0 ME-MS61
R003 0 2 0

KSB_TSD 0.02.02.057 282 4.3 <0.01ME-MS61
R004 0

KSB_TSD 2.04.02.0163 400 4.6 0.0 ME-MS61
R004 0

KSB_TSD 4.06.02.0280 918 6.3 0.0 ME-MS61
R004 0

KSB_TSD 6.08.02.0184 456 4.1 0.0 ME-MS61
R004 0

KSB_TSD 8.010.2.0256 139 6.0 0.0 ME-MS61
R004 0 0

KSB_TSD 10.12.2.0185 94 4.5 <0.01ME-MS61
R004 0 0 0

KSB_TSD 12.14.2.0173 156 4.6 <0.01ME-MS61
R004 0 0 0

KSB_TSD 14.16.2.0201 118 5.0 0.0 ME-MS61
R004 0 0 0

KSB_TSD 16.18.2.0175 274 4.7 <0.01ME-MS61
R004 0 0 0

KSB_TSD 18.20.2.0145 133 4.5 <0.01ME-MS61
R004 0 0 0

KSB_TSD 20.22.2.0149 131 4.2 <0.01ME-MS61
R004 0 0 0

KSB_TSD 22.24.2.0217 160 4.8 <0.01ME-MS61
R004 0 0 0

KSB_TSD 24.26.2.0272 168 5.3 <0.01ME-MS61
R004 0 0 0

KSB_TSD 26.28.2.0253 198 4.8 <0.01ME-MS61
R004 0 0 0

KSB_TSD 28.29.1.5251 263 4.5 <0.01ME-MS61
R004 0 5 0

KSB_TSD 29.31.1.5319 319 4.7 <0.01ME-MS61
R004 5 0 0

KSB_TSD 31.33.2.0245 137 4.4 <0.01ME-MS61
R004 0 0 0

KSB_TCMN 33.34.1.0324 152 4.8 0.0 ME-MS61
R004 0 0 0

KSB_TCMN 34.35.1.0661 863 7.0 0.0 ME-MS61
R004 0 0 0

KSB_TSD 15.17.2.0127 292 2.8 0.0 ME-MS61
R005 0 0 0

KSB_TSD 17.19.2.0113 281 2.2 0.0 ME-MS61
R005 0 0 0

KSB_TSD 19.20.1.0147 291 2.5 <0.01ME-MS61
R005 0 0 0

KSB_TSD 20.21.1.0124 359 2.1 <0.01ME-MS61
R005 0 0 0

KSB_TSD 21.22.1.0353 805 3.0 <0.01ME-MS61
R005 0 0 0

KSB_TSD 22.23.1.0275 400 3.1 <0.01ME-MS61
R005 0 0 0

KSB_TSD 23.24.1.0438 703 5.2 0.0 ME-MS61
R005 0 0 0

KSB_TSD 24.25.1.0440 838 5.6 0.0 ME-MS61
R005 0 0 0

KSB_TSD 25.26.1.0393 901 6.0 0.0 ME-MS61
R005 0 0 0

KSB_TSD 26.27.1.0223 503 4.0 0.0 ME-MS61
R005 0 0 0

KSB_TSD 27.28.1.0575 647 7.0 0.0 ME-MS61
R005 0 0 0

KSB_TSD 28.29.1.0329 495 6.0 0.0 ME-MS61
R005 0 0 0

KSB_TRAT 39.40.1.0419 637 6.5 0.0 ME-MS61
R005 0 0 0

KSB_TRAT 40.41.1.0268 346 3.8 0.0 ME-MS61
R005 0 0 0

KSB_TRAT 41.42.1.0214 411 4.0 0.0 ME-MS61
R005 0 0 0

KSB_TRAT 42.43.1.063 213 6.8 0.0 ME-MS61
R005 0 0 0

KSB_TRAT 43.44.1.048 174 5.6 0.0 ME-MS61
R005 0 0 0

KSB_TRAT 44.45.1.0133 189 7.0 0.0 ME-MS61
R005 0 0 0

KSB_TRAT 45.45.0.777 209 8.0 0.0 ME-MS61
R005 0 7 0

KSB_TRAT 45.46.0.5164 195 6.6 0.0 ME-MS61
R005 7 2 0

KSB_TRAT 46.47.0.9114 204 8.8 0.0 ME-MS61
R005 2 1 0

KSB_TRAT 47.48.0.9124 200 8.2 0.0 ME-MS61
R005 1 0 0

KSB_TSD 11.13.2.0255 178 4.5 0.0 ME-MS61
R006 0 0 0

KSB_TSD 13.15.2.0143 78 3.5 0.0 ME-MS61
R006 0 0 0

KSB_TSD 15.16.1.0264 114 4.4 0.0 ME-MS61
R006 0 0 0

KSB_TSD 16.17.1.0344 135 5.7 0.0 ME-MS61
R006 0 0 0

KSB_TSD 17.18.1.0306 218 5.9 0.0 ME-MS61
R006 0 0 0

KSB_TSD 18.19.1.0298 218 5.8 0.0 ME-MS61
R006 0 0 0

KSB_TSD 19.20.1.0224 150 4.0 0.0 ME-MS61
R006 0 0 0

KSB_TSD 20.21.1.0311 160 4.7 0.0 ME-MS61
R006 0 0 0

KSB_TSD 21.22.1.0258 174 5.4 0.0 ME-MS61
R006 0 0 0

KSB_TSD 22.23.1.0221 186 5.2 0.0 ME-MS61
R006 0 0 0

KSB_TSD 24.25.1.0293 234 5.0 0.0 ME-MS61
R006 0 0 0

KSB_TSD 25.26.1.0246 237 4.6 0.0 ME-MS61
R006 0 0 0

KSB_TSD 26.27.1.0271 284 4.7 0.0 ME-MS61
R006 0 0 0

KSB_TSD 27.28.1.0264 294 4.7 0.0 ME-MS61
R006 0 0 0

KSB_TSD 28.29.1.0285 388 4.6 0.0 ME-MS61
R006 0 0 0

KSB_TSD 29.30.1.0228 448 4.9 0.0 ME-MS61
R006 0 0 0

KSB_TSD 30.31.1.1266 339 4.1 0.0 ME-MS61
R006 0 1 0

KSB_TSD 31.33.2.0146 153 3.8 0.0 ME-MS61
R006 1 1 0

KSB_TRSC 33.35.1.9293 425 3.2 0.0 ME-MS61
R006 1 0 0

KSB_TRSC 35.36.1.0296 411 3.5 0.0 ME-MS61
R006 0 0 0

KSB_TRSC 36.37.1.0234 278 2.6 0.0 ME-MS61
R006 0 0 0

KSB_TRSC 37.38.1.0277 389 2.5 0.0 ME-MS61
R006 0 0 0

KSB_TRSC 39.41.1.0270 264 3.3 0.0 ME-MS61
R006 4 0 0

KSB_TRSC 41.42.1.0301 338 3.9 0.0 ME-MS61
R006 0 0 0

KSB_TRSC 42.43.1.0272 1090 3.5 0.0 ME-MS61
R006 0 0 0

KSB_TRSF 45.45.0.8268 1865 3.1 0.0 ME-MS61
R006 0 8 0

KSB_TRSF 45.46.0.7227 2260 1.3 0.0 ME-MS61
R006 8 5 0

KSB_TD 46.47.1.0399 4030 2.9 0.0 ME-MS61
R006 STRA5 5 0
T

KSB_TD 47.48.1.0415 3530 4.1 0.0 ME-MS61
R006 STRA5 5 0
T

KSB_TRAT 48.50.1.5260 2320 2.3 0.0 ME-MS61
R006 5 0 0

KSB_TRAT 50.51.1.0198 639 7.2 0.0 ME-MS61
R006 0 0 0

KSB_TRAT 51.52.1.0220 688 5.0 0.0 ME-MS61
R006 0 0 0

KSB_TRAT 52.53.1.0180 398 5.4 0.0 ME-MS61
R006 0 0 0

KSB_TRAT 53.54.1.0132 242 4.8 0.0 ME-MS61
R006 0 0 0

KSB_TRAT 54.55.1.0142 297 4.9 <0.01ME-MS61
R006 0 0 0

KSB_TRAT 55.56.1.0115 208 5.3 0.0 ME-MS61
R006 0 0 0

KSB_TRAT 56.57.1.088 174 6.0 0.0 ME-MS61
R006 0 0 0

KSB_TRAT 57.58.1.0160 281 6.0 0.0 ME-MS61
R006 0 0 0

KSB_TRAT 58.59.1.0122 286 6.7 <0.01ME-MS61
R006 0 0 0

KSB_TRAT 59.60.1.0122 215 7.6 <0.01ME-MS61
R006 0 0 0

KSB_TRAT 60.61.1.0123 249 7.6 <0.01ME-MS61
R006 0 0 0

KSB_TRSC 10.12.2.0143 327 2.2 0.0 ME-MS61
R007 0 0 0

KSB_TRSC 12.13.1.7130 277 1.7 0.0 ME-MS61
R007 0 7 0

KSB_TRSF 13.14.1.2194 265 2.8 0.0 ME-MS61
R007 7 9 0

KSB_TD 14.16.1.1168 292 2.6 0.0 ME-MS61
R007 STRA9 0 0
T

KSB_TD 16.17.1.0203 964 2.7 0.0 ME-MS61
R007 STRA0 0 0
T

KSB_TD 17.18.1.0873 6450 10.5 0.0 ME-MS61
R007 STRA0 0 0
T

KSB_TD 18.19.1.0358 1965 4.5 0.0 ME-MS61
R007 STRA0 0 0
T

KSB_TRAT 19.20.1.0426 2310 4.9 0.0 ME-MS61
R007 0 0 0

KSB_TRAT 20.21.1.0457 1725 4.7 0.0 ME-MS61
R007 0 0 0

KSB_TRAT 21.22.1.0559 2020 5.2 0.0 ME-MS61
R007 0 0 0

KSB_TRAT 22.23.1.0588 2150 5.0 0.0 ME-MS61
R007 0 0 0

KSB_TRAT 23.24.1.01450 4710 4.3 <0.01ME-MS61
R007 0 0 0

KSB_TRAT 24.25.1.0562 2040 5.1 <0.01ME-MS61
R007 0 0 0

KSB_TRAT 25.26.1.0431 1380 4.8 <0.01ME-MS61
R007 0 0 0

KSB_TRAT 26.27.1.0324 951 5.8 0.0 ME-MS61
R007 0 0 0

KSB_TRAT 27.28.1.0282 941 5.9 <0.01ME-MS61
R007 0 0 0

KSB_TRAT 28.29.1.0172 438 6.0 <0.01ME-MS61
R007 0 0 0

KSB_TRAT 29.30.1.0181 385 5.0 0.0 ME-MS61
R007 0 0 0

KEY:
Geol_Desc is stratigraphic sequence intersected by trench sample; refer to map of Figure 4.
Assay preparation by ALS Lubumbashi; assay digest and finish by ALS Johannesburg
Assays by ALS method ME_MS61, three acid digest with ICP-AES and ICP=OES finish
Trench From and To distance is relative to the trench datum defined by the co-ordinate of Table 1.
Cobalt colour highlight:
· Buff: -> 500 ppm and <= 1000 ppm
· Orange: -> 1000 ppm and <= 4000 ppm
· Red -> 4000 ppm





JORC Code, 2012 Edition - Table 1 Kasombo Trenching and Mapping
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling · Nature and quality of sampling (eg cut · trench samples were collected
techniqu channels, random chips, or specific from each one
es
specialised industry standard measurement metre horizontal increment; commenc
tools appropriate to the minerals under ing from the
investigation, such as down hole gamma
trench datum to the end of trench
sondes, or handheld XRF instruments, etc). · Calico bags used to take a 2 kg
These examples should not be taken as assay sample
limiting the broad meaning of
sampling.
· We rely on ALS systems, a NATA
· Include reference to measures taken to certified laboratory, to ensure
ensure sample their ICP instruments are in
calibration
representivity and the appropriate
calibration of any measurement tools or
systems
used.

· Aspects of the determination of mineralis
ation
that are Material to the Public Report.
· In cases where industry standard work
has been done this would be relatively
simple
(
eg reverse circulation drilling was used
to obtain 1 m samples from which 3 kg was

pulverised to produce a 30 g charge for
fire assay). In other cases more
explanation may be required, such as
where there is coarse gold that has
inherent sampling problems. Unusual
commodities or

mineralisation types (eg submarine
nodules) may warrant disclosure of
detailed
information.

Drilling · Drill type (eg core, reverse · No drilling completed
techniqu circulation, open-hole hammer, rotary air
es blast, auger, Bangka, sonic,

etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails,
face-sampling bit or other type, whether
core is oriented and if so, by what
method,

etc).
Drill · Method of recording and assessing core · The samples collected do not
sample and chip sample recoveries and results relate to
recovery assessed. drilling

· Measures taken to maximise sample
recovery and ensure representative nature
of the
samples.

· Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.

Logging · Whether core and chip samples have been · The samples collected from the
geologically and geotechnically logged to trench were geologically logged;
a level of detail to support appropriate and a geological interpretation
Mineral Resource estimation, mining at 1:5000 scale was completed
studies and metallurgical from new data collected from
studies. trenches and previous mapping
data
· Whether logging is qualitative or
quantitative in nature. Core (or

costean, channel, etc) photography.
· The total length and percentage of the
relevant intersections
logged.

Sub-sampl· If core, whether cut or sawn and whether · No sub-sampling required -
ing quarter, half or all core original sample taken from trench
techniqu taken.
es and was submitted to laboratory
sample · If non-core, whether riffled, tube · Blanks, duplicates and standards
preparat sampled, rotary split, were inserted into the trench
ion sample sequence at a rate of 1
etc and whether sampled wet or dry. control per 20
· For all sample types, the nature, samples
quality and appropriateness of the sample
preparation
technique.

· Quality control procedures adopted for
all sub-sampling stages to

maximise representivity of samples.
· Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for
instance results for field
duplicate/second-half
sampling.

· Whether sample sizes are appropriate to
the grain size of the material being
sampled.

Quality · The nature, quality and appropriateness · Three acid digest is capable of
of of the assaying and laboratory procedures totally digesting the target
assay used and whether the technique is elements
data considered partial or
and total. · Samples were prepared and analyse
laborato d
ry · For geophysical tools, spectrometers, by ALS; with samples crushed and p
tests handheld XRF instruments, ulverised
in ALS Lubumbashi, DRC
etc, the parameters used in determining laboratory, and ICP-AES or ICP-MS
the analysis including instrument make finish in ALS Johannesburg
and model, reading times, calibrations laboratory.
factors applied and their derivation,
etc. · Preparation: crush and pulverise
so that 80% of sample pass minus
· Nature of quality control procedures 80
adopted micron
(
eg standards, blanks, duplicates, external · ALS method ME-MS61, having a low
laboratory checks) and whether acceptable lower level of
levels of accuracy detection
(
ie lack of bias) and precision have been · Over-range assay re-analysed by
established. ALS ore grade method
OG-62

· Digest: four acid digest on a
0.25g
charge

· Element Suite (with lower level
of detection in brackets in ppm):
Ag(0.01), Al(100), As(0.2),
Ba(10), Be(0.05), Bi(0.01),
Ca(100), Cd(0.02), Ce(0.01),
Co(0.1), Cr(1), Cs(0.05),
Cu(0.2), Fe(100), Ga(0,05),
Ge(0,05), Hf(0.1), In(0.005),
K(100), La(0.5), Li(0.2),
Mg(100),

Mn(5), Mo(0.05), Na(100), Nb(0.1),
Ni(0.2), P(10),

Pb(0.5), Rb(0.1), Re(0.002),
S(100), Sb(0.05),

Sc(0.1), Se(1), Sn(0.2), Sr(0.2),
Ta(0.05),

Te(0.05), Th(0.2), Ti(0.005),
Tl(0.02), U(0.1), V(1), W(0.1),
Y(0.1), Zn(2),

Zr(0.5)
· Certified Reference Material
(CRM) where inserted in the
sample stream at every
20
th consecutive sample


Verificat· The verification of significant · This trenching program is the
ion of intersections by either independent or verification of previous
sampling alternative company selective
and personnel.
assaying rockchip sampling programs; this
· The use of twinned holes. trenching thus provides a more
· Documentation of primary data, data rigorous control of the selective
entry procedures, data verification, data
storage (physical and electronic) rockchips
protocols.

· Discuss any adjustment to assay data.
Location · Accuracy and quality of surveys used to · Samples were located with
of data locate drill holes (collar and down-hole handheld
points surveys), trenches, mine workings and GPS
other locations used in Mineral Resource , having an accuracy of plus or
estimation. minus 10
m.
· Specification of the grid system used.
· Quality and adequacy of topographic · Trenches were excavated straight
control. with widths sufficient to allow a
person to
enter

· Collar location described in
datum WGS84 Zone
35south

Data · Data spacing for reporting of · The data is not suitable for
spacing Exploration Mineral Resource estimation;
and Results.
distribu further drilling is required
tion · Whether the data spacing and · Mapping indicated a relatively
distribution is sufficient to establish small target zone, this target
the degree of geological and grade zone is sufficiently covered by
continuity appropriate for the Mineral the trenches, and needs to be
Resource and Ore Reserve estimation followed up by further drilling
procedure(s) and classifications
applied.
· No sample compositing
· Whether sample compositing has been
applied.

Orientati· Whether the orientation of sampling · All trenches are oriented
on of achieves unbiased sampling of possible orthogonal to strike of strata;
data in structures and the extent to which this
relation is known, considering the deposit mineralisation is comformable to
to type. bedding; therefore trenches are
geologic appropriately
al · If the relationship between the drilling
structur orientation and the orientation of key aligned to probable strike of miner
e alisation
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.

Sample · The measures taken to ensure sample · Samples kept under supervision
security security. of geological/sampling crew and
transported to ALS laboratory by

geological crew
Audits · The results of any audits or reviews of · No audits or reviews have been
or sampling techniques and completed
reviews data.



Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral · Type, reference name/number, location · The licence is held by state
tenement and ownership including agreements or owned company
and land material issues with third parties such
tenure as joint ventures, partnerships, Gecamines and is the subject of a
status overriding royalties, native title rights agreement between
interests, historical sites, wilderness
or national park and environmental Gecamines and Paragon SARL. Paragon
settings. has a joint venture with Cape
Lambert Resources and Cape Lambert
· The security of the tenure held at the Resources has entered in to an
time of reporting along with any known agreement with Fe Limited to
impediments to obtaining a assign its rights to the

licence to operate in the area. Kasombo Project to Fe Limited.

Exploratio· Acknowledgment and appraisal of · Gecamines mapping completed in
n done by exploration by other 1990s.
other parties.
parties

Geology · Deposit type, geological setting and · Cu-Co mineralisation of the Katang
style of an
style; where stratabound mineralisa
mineralisation. tion
is located in the Lower Roan
Supergroup

· Breccia style cross-cutting Cu-Co
mineralisation
in vertically dipping structures
Drill · A summary of all information material · Location of all trenches is shown
hole to the understanding of the exploration in Table
Informati results including a tabulation of the 1
on following information for all Material and Figures 3 and 4 of text
drill
holes:

o easting and northing of the drill hole
collar

o elevation or RL (Reduced Level -
elevation above sea level in

metres) of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
· If the exclusion of this information
is justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly explain
why this is the
case.

Data · In reporting Exploration Results, · length weighted averaging applied
aggregati weighting averaging techniques, maximum · No mass weighted averaging
on and/or minimum grade truncations
methods (
eg cutting of high grades) and cut-off
grades are usually Material and should
be
stated.

· Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results,
the procedure used for such aggregation
should be stated and some typical
examples of such aggregations should be
shown in
detail.

· The assumptions used for any reporting
of metal equivalent values should be
clearly
stated.

Relationsh· These relationships are particularly · Trenches aligned orthogonal to
ip important in the reporting of interpreted
between Exploration
Results. mineralisation; they are at least
mineralisa orthogonal to bedding as mapped in
tion · If the geometry of the mineralisation w surface outcrop and in excavated
widths ith respect to the drill hole angle is trench
and known, its nature should be exposure
intercept reported. .
lengths · Mapping shows a folded nature to
· If it is not known and only the down the
hole lengths are reported, there should
be a clear statement to this effect favourable horizon (mineralisation t
( arget) which shows limited size
eg down hole length, true width not potential
known).

Diagrams · Appropriate maps and sections (with · Presented in the body of the
scales) and tabulations of intercepts report
should be included for any significant
discovery being reported These should
include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional
views.

Balanced · Where comprehensive reporting of all · Full reporting of results
reporting Exploration Results is not practicable, presented
representative reporting of both low here
and high grades and/or widths should be ; all assays are shown in Table 2;
summary intercepts also shown,
practiced to avoid misleading reporting using a cutoff of 500 ppm
of Exploration Co
Results.

Other · Other exploration data, if meaningful · Further data may be collected in
substanti and material, should be reported the
ve including (but not limited to): next phase of exploration, if
explorati geological observations; geophysical appropriate from results of this
on survey results; geochemical survey trenching
data results; bulk samples - size and method work
of treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
substances.

Further · The nature and scale of planned · Scout drilling may be required to
work further work follow up
(
eg tests for lateral extensions or depth mineralisation intersected by
extensions or large-scale step-out trench
drilling). sampling.

· Diagrams clearly highlighting the
areas of possible extensions, including
the main geological interpretations and
future drilling areas, provided this
information is not commercially
sensitive.

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