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  • Kaboko Mining Acquires Processing Plant To Treat Manganese At Northern Zambian Project 0 comments
    Apr 3, 2013 10:59 PM

    Kaboko Mining (ASX: KAB) has acquired a processing plant that is scheduled for delivery at its Northern Manganese Project in Mansa, Zambia in the June quarter of 2013.

    The modular processing plant is a semi-mobile, three stage plant with a mobile jaw crusher that will be used onsite to reduce the size of ore extracted.

    The secondary jaw crusher and cone crusher will be installed at Kaboko's railing siding near Serenje, Zambia by the end of the June quarter 2013.

    Following initial crushing, onsite ore from the Northern Manganese Project will be trucked to the rail siding for further crushing and processing before being sent to port via rail.

    The plant is capable of taking raw manganese ore at a feed size of 300 millimetres at a rate of 80 to 100 tonnes per hour to produce a crushed ore size of 20 millimetres.

    Mine development has begun at the project with the mobilisation of personnel and equipment.

    Infrastructure construction and installation, including repairing the local access bridge damaged during the wet season, has also been completed.

    Kaboko is currently developing the mine plan for the Northern Manganese Project, with a Scoping Study, which is due for completion early in the June quarter, being prepared by independent consultant Minxcon.

    During the June quarter, the company will also undertake a further drill program, comprising 24 holes and 1,200 metres, targeting extensions of the existing mineralisation zone.

    This will be followed by the definition of a JORC Resource.

    Kaboko recently completed the Tranche A financing as part of the $10 million Prepayment Debt Facility and long term manganese ore off-take agreement with Noble Resources International.

    The draw-down of the final $3 million of the $4.5 million Tranche A facility followed satisfactory due diligence of the licensing conditions for the Northern Manganese Project.

    The completion of first tranche financing paved the way for the completion of the mine development and procurement of associated plant and equipment.

    Kaboko plans to start production at a rate of 5,000 tonnes per month in the September quarter of this year and ramp up to 10,000 tonnes per month by the December quarter 2013 or March quarter 2014.

    The company is fully funded to begin mining at the Northern Manganese Project as well as fulfil its offtake agreement with Noble.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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