June 2008
HIGHLIGHTS
KIHABE ZINC/LEAD PROJECT, BOTSWANA
NXUU ZINC/LEAD DEPOSIT
During the quarter resource drilling commenced at the Nxuu deposit, 7 kms east of the Kihabe zinc/lead resource. The drilling delineated an area of 220,000m2 of the geological basin containing flat lying quartz wacke, host to zinc/lead mineralisation. The quartz wacke is covered by 1 - 6m of Kalahari sands and on average is estimated to be between 30 – 40m thick. Core is currently being cut and results are pending.
KIHABE ZINC/LEAD RESOURCE
Results from 41 diamond core drill holes amounting to 5,380m are currently being incorporated into the Kihabe resource model for the purpose of upgrading the resource estimate
TSUMKWE BASE METALS/DIAMOND PROJECT, NAMIBIA
BASE METALS
Results from two diamond core holes drilled during the quarter into a strong geochemical Zn/Pb anomaly, are pending.
DIAMONDS
One potential kimberlite target was drilled during the quarter.
TELFER
COPPER RESOURCE
The Company has estimated an Inferred Resource of 6 million tonnes @ 0.47% copper to a depth of 130m, using a 0.2% external cut-off, for 28,000 tonnes of contained copper metal, at the Camp Dome deposit Telfer, over which the Company has an Exploration Licence Application.
