Kombat Copper Inc. ("Kombat Copper" or the "Company") (TSX VENTURE:KBT) is
rapidly taking steps to determine the cost and schedule for bringing the former
producing Kombat Mine, located in northern Namibia, back into production. 


Extensive data related to past production and resource drilling is being
compiled and Southern African consulting groups have been approached to scope
out the requirements for a technical report. This will enable the Company to
formulate a time line and budget to get the Asis Far West sector of the Kombat
Mine into production. This study is to be completed in the second quarter of
2014. Based on the conclusions of that study, the Company plans to undertake a
detailed budget, plan and schedule including but not limited to technical
feasibility studies, detailed engineering, permitting and other aspects of
putting the deposit into commercial production including, shaft and underground
rehabilitation, additional resource drilling, processing plant overhaul and
other improvements. A resource estimate is the first priority. Essentially, the
study will serve as a blueprint for the re-development of the property and will
determine if further exploration is required to define or upgrade a mineral
resource. It will also define what permitting is required and what further
technical studies need to be undertaken.


The Asis Far West area of the property was drilled from surface in the 1980s and
a number of significant copper intersections were reported over a strike length
in excess of 650 meters, including 10.0 metres at 8.05% copper and 9.0 metres at
2.67% copper. Subsequently it was decided to sink a shaft 800 meters to the
upper limits of the favorable stratigraphy. A large diameter, 800 meter deep
production shaft was competed in 2006 and limited underground workings were
established. A limited amount of underground drilling was carried out with
intersections including 18.0 metres at 3.53% copper and 6.15% copper over 8.0
metres. Unfortunately, economic conditions and a heavy inflow of water in to the
mine to the east (not interconnected with Asis Far West) forced a shutdown of
commercial operations at Kombat Mine and the operation has been on a care and
maintenance basis ever since.


Kombat Copper is looking to define a minimum of 4-5 million tonnes of copper
mineralization averaging between 2.5% and 3.5% copper in the Asis Far West Zone.
(The potential quantities and grades that are the target of the Company's
planned future exploration are based on previous drilling, planned surface and
underground drilling (10,000-20,000m) and sampling of underground workings
conducted on the property and are conceptual in nature. There has been
insufficient exploration to define a mineral resource for the property. It is
uncertain if further exploration will result in the target being delineated as a
mineral resource.)


Bill Nielsen, the President and CEO of Kombat Copper, stated, "Very recent
geological investigations have indicated that a significant re-interpretation of
the geological model and emplacement of copper mineralization at Kombat Mine is
being formulated. This new understanding can have long-term implications on the
Company's exploration and mining outlook. We still have several kilometers of
strike length to explore on our mining license and believe that the favorable
stratigraphic horizon hosting significant copper mineralization is present to
the west where a 1980's drill hole intersected 1.68 metres assaying 11.7% copper
and 151.48 g/t silver."


Kombat Copper is also looking at the feasibility of expanding the current
milling facility from a 1,100 tonne per day operation to something larger that
would allow for improved economies of scale. Past operators looked at an area
for potential open pit mining and this blended with underground material could
justify a mill expansion. Other operators in the area have intersected
significant copper mineralization that could also be used as custom mill feed,
which may help improve project economics.


The Company's on-site manager and staff have maintained the Kombat Mine,
including all its facilities and town site for the past six years. Their
commitment to the upkeep of the facilities is expected to save the Company
significant amounts of capital in the future. 


Kombat is studying the viability of disposing of non-core assets such as the
potential mining of material from the tailings containment area resulting from
past mining. A number of groups have approached the Company with respect to
re-processing what has been estimated to be 10.6 million tonnes of material
(Weatherly 2007). Detailed drilling of the stacked tailings in 2012 indicated
that the upper 15 meters of the dump (total height 25-26 meters) contains
material assaying 0.25% to 0.30% copper, based on the average of the established
regularly spaced drill holes. (The Company is not treating historical estimates
as current mineral resources. A Qualified Person has not done sufficient work to
classify the historical work as a current mineral resources estimate. Additional
work will be required to verify historical work completed at the Kombat Mine). 


2014 Upcoming Events 

Kombat Copper will be attending the Vancouver Resource Investment Conference,
January 19-20th, Mining Indaba Africa in Cape Town February 3-6th and at PDAC
March 1-2. The Company looks forward to updating its shareholders and interested
investors in person at these conferences.


Investor Relations Manager Appointment 

Kombat Copper announces that it has appointed Mr. Robert Hopkins as Manager,
Investor Relations effective January 1, 2014. Mr. Hopkins will be paid a base
salary of $1,300 per month and has been granted 50,000 stock options at $0.13
expiring on January 2, 2019 as part of his compensation. These stock options
will vest over a period of 12 months in four equal installments with the first
installment vesting three months from the date of grant. Mr. Hopkins shall not
be engaged in any market-making activities and does not currently hold any
securities or convertible securities in the Company other than those listed
above.


About Kombat Copper 

Kombat Copper (TSX VENTURE:KBT) is a publicly traded Canadian exploration and
development company with its core operations focused on copper resources in
Namibia, one of the world's most prospective copper regions, where it has
substantial assets in place with significant exploration upside. 


The Company holds an 80% interest in five mining licenses in the Otavi
Mountainlands, an area of Namibia particularly known for its high-grade copper
deposits. Within these licenses are three past-producing mines including the
Company's flagship property: the past-producing Kombat Mine. The Kombat mine's
extensive infrastructure includes an 800m production shaft which was opened in
2006, three recently-operational shafts, ramp systems, extensive underground
workings, mine buildings, a tailings facility, a mill and concentrator all
supported by the Company's local town site. The Kombat mine originally opened in
1962 and historically produced approx. 8.7 million tonnes of ore grading 3.1%
copper and is linked to vital existing infrastructure, including power, water,
roads, and rail with close proximity to the port of Walvis Bay and to one of
only five commercial-grade smelters in Africa located in Tsumeb, located 100
road kilometers away from Kombat. 


In addition to mining licenses, the Company holds an 80% interest in five
Exclusive Prospecting Licenses ("EPL's") covering an area of more than 2200 km2.
The EPL's are located also within the copper-rich Otavi Mountainlands and are in
close proximity to Tsumeb.


Qualified Person 

F. W. Nielsen P.Geo, is a "qualified person" as such term is defined in National
Instrument 43-101 and has reviewed and approved the technical information and
data included in this press release.


Cautionary Notes 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


This news release may contain forward-looking statements. These statements
include statements regarding the Company's plans for the Kombat Mine, its
expectations for the Kombat Mine and the expected effect on the Company's
financial and operating results. These statements are based on current
expectations and assumptions that are subject to risks and uncertainties. Actual
results could differ materially because of factors discussed in the management
discussion and analysis section of our interim and most recent annual financial
statements or other reports and filings with the TSX Venture Exchange and
applicable Canadian securities regulations. We do not assume any obligation to
update any forward-looking statements, except as required by applicable laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kombat Copper Inc.
Bill Nielsen
President and CEO
+1 (416) 861-1685


Kombat Copper Inc.
Rob Hopkins
Manager, Investor Relations
+1 (416) 861-5899
info@kombatcopper.com
www.kombatcopper.com

Kombat Copper Inc. (TSXV:KBT)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Kombat Copper Inc. Charts.
Kombat Copper Inc. (TSXV:KBT)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Kombat Copper Inc. Charts.