CLIO Cape Lambert

 

TIDMCLIO 
 
RNS Number : 5654N 
Cape Lambert Iron Ore Limited 
19 February 2009 
 

19 February 2009 
 
 
The Company Announcements Office 
AIM/ASX 
 
 
 
 
Via E Lodgement 
Projects Update 
Australian resources company, Cape Lambert Iron Ore Limited (the "Company" or 
"Cape Lambert") (ASX: CFE, AIM: CLIO) is pleased to provide the following market 
update on its Marampa Iron Ore project (Sierra Leone) and Cape Lambert South 
project (Pilbara, Western Australia). 
Marampa Iron Ore Project (35% interest and Manager) 
The initial work program at Marampa comprises: 
  *  Tailings drilling and metallurgical test work; 
  *  Evaluation of hard rock potential initially by pitting and trenching, with 
  follow-up drill testing of defined geophysical gravity anomalies; and 
  *  Regional evaluation of the exploration licence through geological mapping. 
 
Tailings 
The Company has collected, through face and test pit sampling, a 370kg bulk 
tailings sample for metallurgical test work. This sample was despatched to 
independent, Australian metallurgical testing group, AMMTEC Limited, with test 
work now underway. The objective of the metallurgical test program is to assess 
a number of beneficiation options to enable the production of a hematite 
concentrate with greater than 65% Fe for, blast furnace or direct reduction, 
pellet production. 
In addition, the Company has also secured a reverse circulation drill rig and 
drill testing of the tailings to confirm grade and tonnage, and to allow a JORC 
resource estimate to be completed, is scheduled to commence in March; the 
Company is working toward publishing a JORC compliant resource estimate for the 
tailings located on the exploration licence at the end of the third calendar 
quarter of 2009. 
Hard Rock 
Test pitting and mapping of the West gravity prospect and East anomaly has 
commenced. The test pitting and mapping is being done to enable the folding and 
orientation of the hematite mineralisation to be determined prior to drilling. 
Re-logging of the existing core (drilled by the previous operator) has commenced 
to enable mineralised zones to be selected for metallurgical test work in 
Australia. 
Regional 
The Company has engaged SRK Consulting to undertake a regional mapping program 
throughout the entire 319km� exploration licence. 
SRK commenced the regional mapping program in early February. The mapping will 
be followed-up by trenching and ground gravity geophysics as 
warranted. 
 
Cape Lambert South (100% interest) 
During the December 2008 quarter, the Company completed an initial drilling 
program at Cape Lambert South, comprising 14 reverse circulation ("RC") drill 
holes for a total advance of 4,107 metres and a single diamond hole (375m). 
Within the central portion of the magnetic anomaly, magnetite 
banded-iron-formation, with down-hole intervals of between 35 and 73 metres, was 
logged in 4 RC holes and the diamond hole over a strike length of approximately 
1.8km. Assay results and Davis Tube Recovery tests for these intervals and the 
other drill holes are still pending. 
The Company had been advised that some results were expected at the end of 
January 2009, but all results remain outstanding due to assaying delays. Cape 
Lambert continues to press the laboratory for the pending assays. 
 
Yours faithfully 
Cape Lambert Iron Ore Limited 
 
 
Tony Sage 
Executive Chairman 
 
 
For more information please contact: 
 
 
Cape Lambert Iron Ore Limited: 
Tony Sage +61 (0)8 9380 9555 
 
 
Australian Enquiries: 
Professional Public Relations 
David Tasker +61 (0)8 9388 0944/ +61 433 112 936 
 
 
UK Enquiries: 
 
 
AIM Broker: 
Collins Stewart Europe Limited 
Adrian Hadden +44 (0)20 7523 8353 
 
 
Conduit PR: 
Jos Simson +44 (0)20 7429 6603/+44 (0)7899 870 450 
Gareth Tredway +44 (0)20 7429 6612 
 
 
Website: www.capelam.com.au 
  Competent Persons Attributes: 
The Metallurgical information in this report is based on information compiled by 
GV Ariti who is a Member of The Australasian Institute of Mining and Metallurgy. 
Mr. Ariti has sufficient experience which is relevant to the style of 
mineralisation and type of deposit under consideration and to the activity which 
he is undertaking to qualify as a Competent Person as defined in the 2004 
Edition of the "Australasian Code for Reporting of Exploration Results, Mineral 
Resources and Ore Reserves". Mr. Ariti consents to the inclusion in this report 
of the matters based on his information in the form and the context in which it 
appears. 
The Exploration information in this report is based on information compiled by K 
Bischoff who is a Member of The Australasian Institute of Mining and Metallurgy. 
Mr. Bischoff has sufficient experience which is relevant to the style of 
mineralisation and type of deposit under consideration and to the activity which 
he is undertaking to qualify as a Competent Person as defined in the 2004 
Edition of the "Australasian Code for Reporting of Exploration Results, Mineral 
Resources and Ore Reserves". Mr. Bischoff consents to the inclusion in this 
report of the matters based on his information in the form and the context in 
which it appears. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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