Mount Burgess Mining N.L. (“Mount Burgess” or “the Company”) is focussed on the 100% owned Kihabe-Nxuu Zn-Pb-Ag-Cu-V-Ga-Ge Project (“the Project”) in the highly productive
Damara Belt of Western Botswana.
Immediate plans are to conduct 2,500 m of resource upgrade drilling at the shallow, fully oxidised and weathered Nxuu deposit, to allow Indicated and Measured JORC 2012-compliant resources to be estimated. Results will be used in a Feasibility Study, with this expected to indicate relatively low costs for an operation initially at Nxuu, and then moving to the oxide and sulphide mineralisation at the nearby Kihabe deposit. Between them the two deposits contain 27 Mt @ 2.0% ZnEq (60% Indicated, and at a 0.5% ZnEq cutoff). At a 1.5% ZnEq cutoff the MRE is 16.4 Mt @ 2.6% ZnEq. Both oxide and fresh mineralisation has generally returned very good recoveries in metallurgical test work. In addition to Zn, Pb, Ag and V2O5 the deposits also contain gallium and germanium, however this has been estimated for Nxuu only, and no metallurgical test work has yet been completed.
