Kasbah Resources (KAS)

Shares / Stock Code

KAS

Stock Exchange / Sharemarket

Australian Securities Exchange

Kasbah Resources (KAS) is an Australian listed mineral exploration and development company. The company's strategy is to build a Moroccan focused mining company and their portfolio of Moroccan assets includes the Achmmach Tin Project in the El Hajeb Province and the Tamlalt Gold Project in Eastern Morocco. KAS was listed on the Australian Stockmarket (ASX) on 27 April, 2007.

The company's prime commodity focus is tin. Tin is an LME traded metal, with over 50% of all tin metal consumed as tin solder in the manufacture of consumer and electronic industrial goods. Tin is also consumed as tinplate in packaging applications and in the Chemical sector. The tin market is facing increasing supply pressure as existing, mature mines are depleted and mining from illegal, environmentally damaging or unconventional sources becomes increasing unsustainable.

The Achmmach Tin Project is a new, high grade, hard rock tin project in a politically stable country. The project is currently in pre-feasibility and Kasbah’s strategy is to continue to increase the size of the JORC resource, prove the economics, de-risk the project and advance Achmmach to a development decision in 2011.

Achmmach Tin Project

Kasbah has an exclusive right to acquire a 100% interest in the Achmmach tin project by completing a positive feasibility study. This project is covered by two Exploitation Permits (PE 2912 and PE 2960) 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 project represents a large, highly prospective tin exploration project. Kasbah commenced a scoping study and drilling on Achmmach during the second half of 2007 to test the potential of near surface mineralisation and down-plunge extensions to existing zones, along with other zone extensions and repetitions identified to date within the Achmmach property.

The Achmmach project 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.

The project area mineralisation occurs in three main orientations. The most significant occurs as stacked lodes striking east-northeast, dipping steeply to the north. Six main structures have been identified and traced over several hundreds of metres of strike length.

From 1991 onwards, the BRPM undertook an extensive exploration and evaluation work programme 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.

Tamlalt Gold Project

Kasbah entered into an agreement with ONHYM (ONHYM was formed through the merger of the Office National de Recherches et d’Exploitations Petrolieres and the BRPM) during the year to acquire the Tamlalt gold deposit, located at the eastern end of the Moroccan High Atlas Mountains, about 300 km south of the town of Oujda. The Tamlalt gold deposit mining property is covered by eight exploration permits covering a total surface area of 128 km2.

At Tamlalt ONHYM has completed preliminary exploration work including 33 diamond drill holes totaling 7,019m. The ONHYM drilling shows that the Tamlalt deposit consists of a multiple-veined quartz system developed within a chlorite-sericite altered folded porphyritic body. Within the 400m of strike length that has so far been drill-tested, gold mineralization has been intersected to within 12m of the surface and to a maximum depth of 360m vertical from surface.

The Tamlalt Project has the potential to provide an open pit gold resource together with an associated underground target.

Kasbah Resources (KAS) Products and Services

  • Mineral exploration

Kasbah Resources (KAS) Locations and Subsidiaries

Kasbah Resources Head Office
19 Hardy Street,
SOUTH PERTH, WA, AUSTRALIA, 6151
Phone: (08) 9463 6651
Fax: (08) 9463 6652

Kasbah Resources (KAS) Share Price

Submitted by ASX Listed Company on 10 May, 2010 - 04:42

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