KBT

Kombat Copper Inc. (TSX VENTURE:KBT) ("Kombat Copper" or the "Company")
announces that as a result of a review by the British Columbia Securities
Commission ("BCSC"), Kombat is issuing this news release to clarify our
disclosure. Some of the information on the Company's website and presentation
materials included certain out-of-date information and disclosure of historical
and other mineral resources that was not compliant with the standards of
disclosure for mineral projects as set out by National Instrument 43-101 ("NI
43-101") and as a result could be misleading. 


The presentation that was included on the Company's website dated May 1st, 2014
(the "May Presentation") included historical estimates on pages 7 and 11 that
did not include the required cautionary language about relevance and reliability
and information about the key assumptions and parameters in deriving the
historical estimate. The May Presentation also included disclosure of the
potential copper and silver grades, exploration targets at the Asis Far West
Sector and the Tschudi strike extension exploration targets on pages 11 and 17
of the May Presentation without the cautionary statements. 


Further, the May Presentation included disclosure regarding the potential at
Asis Far West that was superseded by the inferred mineral resource estimate
disclosed in the Company's press release dated May 20, 2014. 


In addition, page 14 of the May Presentation included a reporting of gross
in-situ metal value that could be misleading. Moreover, as such information was
based on a historic estimate, it has been removed from the presentation and the
Company retracts such disclosure because of its potential to be misleading to
shareholders as they may overstate the potential value of the mineral deposit. 


The Company has also removed from the presentation certain disclosure regarding
an exploration target and an economic analysis of the Tschudi Deposit located on
the adjacent property on pages 18 and 19 of the Company's May Presentation and
its March 13, 2014 press release. The Company retrieved this information from
Weatherly International's website but has subsequently been removed from the
Company's presentation as it appeared to imply the potential economics of the
Tschudi exploration target. The economic analysis and exploration target on the
Company's adjacent property are being retracted by the Company and investors
should not rely upon that disclosure.


In particular, the Company included disclosure of a historical estimate of the
Kombat Mine tailings. To the extent such historical information is not addressed
by the Company's press release dated May 20, 2014 and accompanying technical
report. Moreover, the Company has increased its cautionary statements regarding
the use of historical information on the tailings in its new presentation as
found on its website. The non-compliant historical estimate comes from a
resource calculation document by Gold Field's dated 1984. (i)A qualified person
has not done sufficient work to classify this historical estimate as current
mineral resources or mineral reserves. Kombat Copper is not treating the
historical estimate as current mineral resources or mineral reserves and the
historical estimate should not be relied upon. Additional metallurgical and
engineering studies are required.


On pages 15 and 16 of the May 2014 Presentation the Company stated that there
was an inferred resource at its Gross Otavi Property. This declaration was in
error, as it should have been stated as a historic resource. The non-compliant
historical estimate comes from a Samrec classification resource statement
document issued in technical report "Ongopolo Mining Limited, Northern Namibia,
31 December 2004, Summary of Ore Reserves and Resources for Kombat Mining
Complex, Asis West Mine, Kombat Mine, Asis Far West Mine, Gross Otavi Mine". A
qualified person has not done sufficient work to classify this historical
estimate as current mineral resources or mineral reserves. Kombat Copper is not
treating the historical estimate as current mineral resources or mineral
reserves and the historical estimate should not be relied upon. Additional
metallurgical and engineering studies are required.


Finally, the Company is clarifying its disclosure regarding its key objective
for 2014. In particular, the Company advises that it is conducting a Preliminary
Economic Assessment of the project, and not determining economic viability at
this time. Investors are cautioned that Preliminary Economic Assessments are by
definition preliminary in nature, include inferred mineral resources that are
considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves,
and there is no certainty that the preliminary economic assessment will be
realized. 


The Company has filed on SEDAR an updated NI 43-101 compliant-technical report
entitled "Technical Report and Resource Estimate on the Kombat Copper Project,
Grootfontein District, Otjozondjupa Region, Namibia" dated July 17, 2014 by P&E
Mining Consultants Inc.


Qualified Person

F. W. (Bill) Nielsen, P.Geo., President and CEO of Kombat Copper, is the
Qualified Person who has reviewed and approved the contents of this news
release. 


About Kombat Copper

Kombat Copper (TSX VENTURE:KBT) 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 exploration upside.


The Company holds 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 past-producing Kombat Mine. The Kombat Mine's
extensive infrastructure includes an 800m production shaft which was opened in
2006, three recently-operational shafts, ramp systems, extensive underground
workings, mine buildings, a tailings facility, a mill and concentrator
(replacement value est. +$100MM) all supported by the Company's local town site.
The Kombat Mine is linked to vital existing infrastructure, including power,
water, roads, and rail with close proximity to the port of Walvis Bay and to one
of only five commercial-grade smelters in Africa located in Tsumeb, located 100
road kilometers away from the Kombat Mine.


In addition to mining licenses, the Company holds an 80% interest in five
Exclusive Prospecting Licenses ("EPL's") covering an area of more than 2200 km2.
The EPL's are located also within the copper-rich Otavi Mountainlands and are in
close proximity to Tsumeb.


Cautionary Notes

Neither 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 mineral resource estimate, the Company's plans
for the Kombat Mine, its expectations for the Kombat Mine and the potential of
the mine, and the expected effect on the Company's financial and operating
results. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kombat Copper Inc.
Bill Nielsen
President and CEO
+1 (416) 861-1685


Kombat Copper Inc.
Rob Hopkins
Manager, Investor Relations
+1 (416) 861-5899
info@kombatcopper.com
www.kombatcopper.com

Kombat Copper Inc. (TSXV:KBT)
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부터 6월(6) 2024 으로 7월(7) 2024

Kombat Copper Inc. (TSXV:KBT)
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부터 7월(7) 2023 으로 7월(7) 2024