| Announcement Date: | 2022-05-30 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Kopore Metals ltd. |
| Project name: | Agadez |
| Location: | Niger |
| Commodities: | Uranium |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Kopore Metals Limited (ASX:KMT) (“Kopore” or the “Company”) is pleased to announce that following the completion of the acquisition of the Agadez Uranium Project in Niger, as announced on 24 May 2022 (“Agadez Project”), the Company has updated the JORC Mineral Resource estimate at the Takardeit deposit from the JORC 2004 to JORC 2012 guidelines. The updated MRE at the Takardeit deposit is 16.5Mt at a grade of 295ppm eU3O8 for 10.7Mlbs, in the Inferred category. On 27 May 2022, Kopore announced that it would commence a drilling and surface sampling program in June 2022, with the intention of confirming and extending mineralisation previously delineated within Jurassic formations (Tchirezrine I and Mousseden) at the Takardeit deposit. The drilling program will comprise a total of 5,500m, for approximately 5,340m of rotary mud drilling and 160m of diamond core. The Company expects the drill program to be completed within 10 weeks, with preliminary downhole gamma results expected shortly after completion of the program and assay results due in Q4 CY 2022. |
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