Kombat Copper Inc. (TSX-V: KBT) (“Kombat Copper” or the “Company”) has signed an addendum to the previously announced Memorandum of Agreement (“MOA”) with EBM Mining Namibia (Pty) Ltd. (“EBM”) whereby EBM will be Kombat Copper’s contractor and will essentially manage the refurbishment of the local infrastructure as well as carry out development and mining of near surface mineralization at the Kombat Mine for a minimum period of three years. Initial production is expected before the end of this year.
Kombat Copper is also discussing several other business opportunities associated with the Kombat Mine property with EBM including the stockpiling and distribution of aggregate stone and sand material, important byproducts of the mining operations to be run by EBM, which could potentially be sold to the local market. Another possible opportunity is the reprocessing of tailings at the Kombat Mine, however, further technical test work and studies will be required to determine if this is economically viable.
Paul Bozoki, President and CEO of Kombat Copper, commented: “Kombat has an extensive database and significant local infrastructure that will allow for a relatively quick start up of mining and milling operations at the Kombat Mine with our contractor EBM Mining Namibia. The management of EBM Mining Namibia has extensive contract mining experience in Southern Africa and the Company feels that this relationship will be financially beneficial to both parties. This work will no doubt have a ripple effect with positive economic implications in the local region. Kombat Copper shares this positive news with its local partners, Epangelo Mining and Havana Investments in contributing to the economy of Namibia.”