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Omitiomire

IBML’s premier asset is the Omitiomire Project, which lies approximately 120 km northeast of Windhoek in central Namibia.
The Omitiomire Project hosts the Omitiomire copper deposit and the Barreshagen copper prospect which occur within the Ekuja Dome covered by EPL 3589 which covers some 988 km2.
A Preliminary Feasibility Study (‘PFS’) was completed in May 2010 for the Omitiomire deposit by Green Team International (Pty) Ltd. This is based on the Mineral Resource estimate for the Omitiomire deposit prepared by Hellman & Schofield Pty Ltd in April 2010.
The copper mineralisation occurs mainly as chalcocite within bands of biotite-bearing schist. The deposit is a broadly tabular body, extending at least 2,300m in a north-south direction, 800m in an east-west direction and generally dipping at a shallow angle to the east. The mineralisation remains open in all directions, although to the east the deposit lies at depths of greater than 200m.

Resource Estimation
 

The Omitiomire Mineral Resource estimate was prepared by Hellman & Schofield in April 2010. The estimate is based on data from IBML’s drilling programmes completed to the end of 2009 with some historic drilling included.
 

Cut-off (%Cu)
Indicated (Mt)
%Cu
Cu (t)
Cu (Mlb)

0.10

 43 0.34 146,000 322
0.20 30 0.42 128,000 282
0.25 25 0.47 115,000 253
0.35 14 0.59 85,000 187
0.45 9 0.69 64,000 141

 

Cut-off (Cu)
Inferred (Mt)
%Cu
Cu (t)
Cu (Mlb)
0.10 159 0.37 580,000 1278
0.20 113 0.45 509,000 1122
0.25 92 0.50 465,000 1025
0.35 60 0.62 368,000 811
0.45 41 0.72 292,000 644

 

Cut-off (%Cu)
Indicated plus
Inferred Resource (Mt)
%Cu
Cu (t)
Cu (Mlb)
0.10 202 0.36 726,000 1600
0.20 143 0.45 638,000 1406
0.25 117 0.50 579,000 1277
0.35 74 0.61 453,000 999
0.45 50 0.71 356,000 785

 

The information relating to the Omitiomire Mineral Resource estimate is based on data compiled by Dr P. L. Hellman. Dr Hellman is a Director and founding partner of Hellman & Schofield Pty Ltd and is a Fellow of the Australian Institute of Geoscientists.  Dr Hellman has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which IBML is undertaking to qualify as a Competent Person as defined in the JORC Code.  Dr Hellman consents to the inclusion of this information in the form and context in which it appears.

 

 

 

Omitiomire deposit – drilling, Mineral Resource outline and extent of pit design

Drilling to date has shown that the Omitiomire deposit continues at depth to the northeast.  As part of the DFS, deep drilling is planned to test this zone.  Close to the Omitiomire resource, there are other known copper occurrences and geochemical anomalies which have not yet been tested by detailed drilling.  These areas will be assessed as part of the sterilisation drilling during the DFS.
Most of the Ekuja Dome and much of the surrounding area of EPL 3589 have been covered by detailed (100m x 100m sample spacing) soil geochemical surveys, which showed widespread copper-in-soil anomalies.  Some of these have been tested by a RAB drilling programme, which intersected copper mineralisation at several sites.  Additional RC drilling is required to test these targets.