Mount Burgess Mining (ASX:MTB) has outlined the steps required to define both a Prefeasibility and Definitive Feasibility Study for its polymetallic Kihabe-Nxuu Project in Botswana.
It comes as part of an updated summary of all of the company’s exploration work undertaken to date.
The company says it has consolidated its exploration data from both the Kihabe and Nxuu deposits, which are considered prospective for polymetallic mineralisation including zinc, lead, silver, vanadium, germanium and gallium.
Mount Burgess reports its planned Prefeasibility Study (PFS) for the Nxuu deposit, which is estimated to cost $300,000, requires a JORC 2012 compliant measured/indicated Mineral Resource Estimate (MRE). To achieve this, the company estimates it will need to complete a further 2,500m of vertical HQ diamond core in-fill drilling.
This drilling work is expected to comprise 55 drillholes with an average depth of 45.5m per hole and is expected to take 2 months to complete.
Meanwhile, the company says a Definitive Feasibility Study (DFS) on the Nxuu deposit will cost in the region of $1 million. However, Mount Burgess can only deliver the DFS once it has completed various activities in the area.
These include the confirmation of costs and percentages of individual on-site metal recovery processes or concentrate recoveries, waste-to-ore ratios, the availability of a reliable and economic power supply, and the availability of water supply.
Meanwhile, at the Kihabe deposit, Mount Burgess says exploration conducted to date has allowed for MREs to be conducted on mineralisation down to vertical depths of 175m.
Further, recent growth in demand has generated price increases in vanadium, germanium, and gallium, adding potential to the future of the Kihabe/Nxuu project.
With the company continuing in its goal of establishing a PFS and DFS for the Kihabe-Nxuu Project, Mount Burgess announces it will also seek to conduct geochemical soil sampling at its Westwin zinc anomaly exploration target
With the company continuing in its goal of establishing a PFS and DFS for the Kihabe-Nxuu Project, Mount Burgess announces it will also seek to conduct geochemical soil sampling at its Westwin zinc anomaly exploration target, which shows signs of potential mineralisation. Work will be designed to determine if the spot is anomalous for zinc and warrant drilling to clarify any future potential.
Mount Burgess Mining is an ASX-listed exploration company with interests in southern Africa. The company has tenements covering the Western Ngamiland region of Botswana, on the border with Namibia, about 700km northwest of the capital city of Gaborone and 350km by road from Maun.
The Kihabe-Nxuu project comprises a total land area of 1,000km-square, located on the border of Namibia and extending 40km south from the Dobe border gate.
Images: Mount Burgess Mining NL
