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Last C$0.10 CAD
Change Today +0.01 / 11.11%
Volume 148.5K
As of 3:40 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

kombat copper inc (KBT) Snapshot

Open
C$0.09
Previous Close
C$0.09
Day High
C$0.10
Day Low
C$0.09
52 Week High
05/8/14 - C$0.14
52 Week Low
12/18/14 - C$0.04
Market Cap
11.5M
Average Volume 10 Days
114.0K
EPS TTM
C$-0.02
Shares Outstanding
114.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KOMBAT COPPER INC (KBT)

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kombat copper inc (KBT) Details

Kombat Copper Inc., together with its subsidiaries, acquires, explores, develops, and maintains mines and mineral properties in Namibia. It primarily explores for copper, lead, zinc, and silver metals. The company’s flagship property includes the Kombat Mine located in northern Namibia. It also owns exploration properties in Ontario, Canada. The company was formerly known as Pan Terra Industries Inc. and changed its name to Kombat Copper Inc. in April 2012. Kombat Copper Inc. was incorporated in 2005 and is headquartered in Toronto, Canada.

Founded in 2005

kombat copper inc (KBT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$80.0K
Chief Financial Officer
Total Annual Compensation: C$10.0K
Compensation as of Fiscal Year 2014.

kombat copper inc (KBT) Key Developments

Kombat Copper Inc. Provides Update on 2,000 Metre Drill Program

Kombat Copper Inc. is continuing its 2,000 metre surface drill program at the Kombat Mine property. To date, a total of 17 holes have been completed and core logging and sampling are ongoing. Samples from the initial 5 holes, as well as trench and underground samples, have been sent to a commercial laboratory for assay with initial results expected in a few weeks' time. The program is designed to renewed focus on defining a near-surface mineral resource to support an open pit mining scenario that would allow the Company to fast track to production. Drilling is targeting a strike length of 1,500 meters between the #1 and #3 shafts where past mining has provided positive indications of near surface copper mineralization. Recent field investigations have also revealed numerous access points to old underground workings and these are being investigated further to determine if remnant mineralization still remains. Historic workings from the 1908-1925 era have been trenched and sampled and underground investigation and sampling of shallow workings is ongoing. A second phase of drilling will be required to attain a sufficient density of data to calculate a compliant mineral resource estimate.

Kombat Copper To Divest Stake In Congo Namibia

Kombat Copper Inc. (TSXV:KBT) intends to divest its stake in Congo Namibia Trading Pty. Ltd. The company stated that it has decided to divest all involvement with its five Exploration Prospecting Licences (EPLs) located in the surrounding Otavi Mountainlands region through the sale of its interest in Congo Namibia. The definitive agreement regarding this sale is expected to be executed shortly.

Kombat Copper Inc. Announces Start of Drill Program At the Kombat Mine Property

Kombat Copper Inc. announced that it has commenced a 2,000 metre surface drill program at the Kombat Mine property and has enlisted the services of a reputable Namibian-based drill contractor, Ferrodrill, to complete the drilling activities. The program is designed to renewed focus on defining a near- surface mineral resource to support an open pit scenario that would allow the Company to fast track to production. Prior to this, the Kombat Mine historically produced 12.46 million tonnes of ore grading 2.62% copper plus by-products of lead and silver over a period of 45 years starting in 1962. Phase 1: This phase entails a 2,000 metre diamond drill campaign targeting previously defined mineralized zones that projects to surface. This initial drilling will occur in the immediate vicinity of old mine workings that were established from 1908 to 1925 and identified through historic documentation. These documents revealed a small open pit immediately to the north east of an old shaft that reportedly mined mineralization grading greater than 5% copper to depths of 20 meters. Records from 1908 indicate a shipment of 37 tons of ore grading 35% copper (hand sorted). Subsequent records indicate that a total of 1,122 tons of 38.23% copper were direct shipped and a further 11,592.5 tons grading 11.4% copper were shipped to a smelter up until 1925 when mining operations shut down. Subsequent drilling will target a strike length of 750 meters between the #1 and #3 shafts where past mining has provided positive indications of near surface copper mineralization. Phase 2: A second phase of drilling will be required to attain a sufficient density of data to calculate a compliant mineral resource estimate. The Company is greatly encouraged that recent compilation work of extensive hard copy and electronic data has provided this opportunity to define near-surface mineral resources that could be fast tracked to production.

 

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