Kombat Copper Inc.
TSX VENTURE : KBT

Kombat Copper Inc.

March 29, 2016 07:00 ET

Kombat Copper Progresses Towards Production at the Kombat Mine

TORONTO, ONTARIO--(Marketwired - March 29, 2016) - Kombat Copper Inc. (TSX VENTURE:KBT) ("Kombat Copper" or the "Company") is reporting on the positive progress of pre-production activities at the Kombat Mine. Kombat Copper's local mining contractor, EBM Mining Namibia (Pty) Ltd. ("EBM"), has been active at the mine site and have identified which activities and tasks are necessary to recommence mining at the Kombat Mine and have provided the Company with an update on their findings and progress. EBM is responsible for the costs associated with planning and refurbishment, hiring of staff and workers and the procurement of supplies and equipment.

Health and Safety

EBM has been reviewing the health and safety aspects of the project and are implementing a full health and safety plan during the pre-production phase of restarting the mine.

Plant Refurbishment Update

The plant clean-up has been progressing well and EBM has reported that they are pleased with the progress they are seeing. The commissioning date of the plant is expected to be in Q3 2016 and EBM is confident that they will meet this date. Repairs are currently being performed on pipe fittings and electrical equipment with the goal of getting the full site clean and ready for operation by the target date. Supervision and labour are currently on site working on the refurbishment.

Concentrator Refurbishment Update

Crushing Plant - Cleaning of the crushing plant is in progress with the focus on refurbishment. Repairs are being made to feed chutes and conveyors that require replacement and the Symons Crusher is being stripped, cleaned and rebuilt.

Grinding Plant - Cleaning of the grinding plant was completed in late January 2016 and included the following results:

  • Pumps were opened, cleaned and refurbished
  • Inspection was completed on all rod and ball mills with some repairs required specifically on the rod mill gear and pinion along with the replacement of some of the shell liners and lifters. The mill drives have been cleaned, inspected and lubricated. All required part and spares have been ordered.

Floatation Plant - Work at the flotation plant is scheduled for completion at the end of March 2016 and includes the cleaning and refurbishment of the flotation cells. Currently, EBM is negotiating with a local company to procure needed parts to complete the work on the flotation circuit.

Geology

EBM has been working through the geological reports and extensive data provided by Kombat Copper and good progress has been made in relation to mine planning and scheduling.

Equipment

All necessary equipment and parts not on site have been, or are in the process of being acquired or sourced through contractors.

Paul Bozoki, President and CEO of Kombat Copper, commented: "We are very pleased with the rapid progress we are seeing at the Kombat Mine and the quality of work being performed by EBM. Because of this, I am confident that we will meet our goal of getting the Kombat Mine into production in late 2016 and begin generating cash flow for the Company."

About Kombat Copper

Kombat Copper 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 upside. The Company continues to hold 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 Kombat Mine.

Kombat Copper has contracted EBM to begin mining lead/copper mineralization at Kombat East, Kombat Central and potentially Gross Otavi within the year. Concentrates are expected to be produced at the Company's production facilities, which are being refurbished by EBM. EBM is also evaluating opportunities to market aggregate stone and sand byproducts locally.

Cautionary Notes

Neither the 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 drill program, possible mineralization and deposits, the anticipated timeline regarding future exploration work, the state of plant and equipment at the Kombat Mine and the ability to repair and refurbish plant and equipment, availability of results and production, the Company's expectations regarding mineral resources, EBM's ability to commence operations and operate the applicable portions of the Kombat Mine, EBM's ability to make the requisite investments, the Company's expectations regarding the production and sales of mineralization from the Kombat Mine and potential development work and the Company's plans for the Kombat Mine including any financial impact and community impact. 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.

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