- The document reports on results from 35 drill holes completed in 2015 exploring the Kombat Mine area in Namibia. Significant copper, lead and silver mineralization was intersected in many of the holes. - Highlights include Hole K15-004 which intersected 19 meters of 0.97% copper and 11.58 g/t silver, and Hole K15-015 which intersected 2.34 meters of 16.31% copper and 75.34 g/t silver. - The Kombat Mine has operated since 1976 and produces copper and silver from a series of underground shafts and open pits. Drilling is testing for additional resources near the existing mine workings.

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#1 Shaft
#1A shaft

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#3 shaft
Glory Hole

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Hole #
From
(m)
To (m)
Length
(m)
Est.
True
Width
Cu% Pb% Ag g/t
K15-001 8.27 37.92 29.65 18.5 1.24 0.0053 19.18
Incl. 14.76 32.27 17.51 10.9 1.86 0.0044 29.34
K15-002 13.47 24.58 11.11 6.8 0.75 0.14 6.68
K15-003 NSV
K15-004 32 51 19 9.3 0.97 2.24 11.58
incl. 38.64 43 4.36 2.70 3.49 9.65 37.06
K15-005 19.34 46.65 27.31 13.4 0.61 1.95 5.68
incl. 19.34 34.37 15.03 7.4 0.17 3.53 2.15
incl. 33.68 46.65 12.97 6.4 1.23 0.23 11.54
K15-006 1.5 10.2 8.7 5.39 0.57 NSV 4.32
K15-007 15.1 23.57 8.47 5.25 0.69 NSV 6.39
K15-008 32.21 34 1.79 1.11 2.74 NSV 19.36
K15-009 17.15 18.85 1.7 1.05 0.54 NSV 2.07
K15-010 0 19.25 19.25 11.94 1.16 NSV 11.04
K15-011 0 13.76 13.76 8.53 0.16 NSV 1.64
K15-012 3.55 11.88 8.33 5.16 1.37 NSV 14.77
K15-012 40.05 50.11 10.06 6.24 0.1 NSV 1.52
K15-013 5.4 24.52 19.11 11.85 0.76 NSV 9.12
K15-014 46.25 61.59 15.34 9.51 0.47 NSV 1.89
K15-015 9.66 23.6 13.94 8.64 2.86 0.00 9.66
incl. 9.66 12 2.34 1.45 16.31 0.07 75.34
K15-016 NSV
K15-017 53.7 79.12 25.42 15.76 0.29 0.51 1.61
K15-018 41.4 52.95 11.55 7.16 0.48 0.004 4.73
K15-019 NSV
Hole #
From
(m)
To (m)
Length
(m)
Est.
True
Width
Cu% Pb% Ag g/t
K15-020 21.1 44.45 23.25 14.42 0.56 0.01 1.98
K15-021 7.44 46.33 38.89 24.11 0.66 2.29 8.67
incl. 32.03 46.33 14.3 8.87 1.38 2.32 17.84
K15-022 34.07 42.3 8.23 5.1 2.01 0.39 7.9
K15-023 6.82 11.26 4.44 2.75 0.63 0.08 1.42
K15-024 NSV
K15-025 NSV
K15-026 40.13 43.38 3.25 2.02 0.84 4.46 8.9
K15-027 NSV
K15-028 29.2 30.4 1.2 0.74 10.95 0.16 142
K15-029 43.84 54 10.16 6.3 1.05 0.003 15.36
K15-030 29.47 45.00 15.53 9.63 1.35 0.8 15.36
incl. 29.47 32.86 3.39 2.10 4.57 3.59 53.44
incl 43.02 45.00 1.98 1.23 2.53 0.015 24.53
K15-031 2.60 7.94 5.34 3.31 0.48 0.007 4.89
and 50.36 52.00 1.64 1.02 0.54 0.0006 4.56
K15-032 15.36 15.96 0.6 0.37 0.95 0 21.7
and 34.90 41.55 6.65 4.12 0.04 1.06 0.85
and 52.00 53.53 1.53 0.95 0.47 0.02 2.75
K15-033 1.53 23.60 22.07 13.68 0.64 1.1 4.95
incl. 1.53 13.83 12.3 7.63 1.04 1.62 8.16
and 28.24 31.00 2.76 1.71 1.12 0.04 2.46
and 50.80 61.00 10.2 6.32 0.78 1.48 4.89
incl. 50.80 57.00 6.2 3.84 1.13 2.43 6.72
K15-034 NSV
K15-035 NSV
NSV=No Significant Values

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Rod and Ball Mills Flotation Circuits AFW Shaft Hoist

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2015 Drilling
Area

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Angola
Botswana
South Africa
Zambia
Kombat Mine

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52 Week Price Performance
$-
$0.02
$0.04
$0.06
$0.08
$0.10
$0.12

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