| Achmmach Tin Project |
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Kasbah has aacquired a 100% interest in the Achmmach Tin Project. This project is covered by two Exploitation Permits (PE 2912 and PE 193172) covering an aggregate area of 32 square kilometres at Achmmach. Subject to a positive outcome from the feasibility study, Kasbah intends to progress with the development of the Achmmach project. The Achmmach Tin Project represents one of the largest undeveloped tin deposits in the world. Achmmach is located on the western edge of the El Hajeb province, approximately 140km southeast of the Moroccan capital, Rabat. This district contains a wide zone of tin bearing structures extending for 8km in a north-northeast direction, from Bou El Jai to Achmmach. From 1991 onwards, the BRPM undertook an extensive exploration and evaluation work program on Achmmach, which included regional and project scale geological mapping, soil geochemistry, gravity surveying, surface trenching, 33 diamond drill holes totalling 14,463m, a 85 metre deep exploratory shaft with 827 metres of underground drives, an underground bulk sampling program and metallurgical test work. In October 2010 Kasbah defined 7Mt of ore at 0.8% Sn for 54,000t of contained tin. The company released a scoping study on a potential underground development at Achmmach in October 2010 and is currently completing a pre-feasibility study. Kasbah currently has 5 drill rigs at Achmmach and drilling continues to define new tin targets. |