LATEST UPDATE

 

Melbourne Mining Club Presentation – Cutting Edge Series

19th July

Click here to View…….


Mt Holland emerges as significant Lithium discovery

15th July 2016

RC drill holes into the Earl Grey pegmatite return exceptional grades over very broad zones up to 50m true width with all holes ending in mineralisation

Highlights

  • Spectacular first assays from the shallow Earl Grey pegmatite at the Mt Holland gold-lithium project near Southern Cross in WA
  • Results from the five holes submitted for assay include:
  • 52m @ 1.53% Li2O from 206m to end of hole
  • 45m @ 1.81% Li2O from 231m to end of hole, including 7m @ 2.23% Li2O from 255m and 5m @ 2.5% Li2O from 268m downhole
  • 39m @ 1.93% Li2O from 189m to end of hole including 12m @ 2.46% from 215m downhole
  • 11m @ 1.04% Li2O from 126m downhole and 27m @ 1.73% Li2O from 153m to end of hole including 9m @ 2.45% Li2O from 168m downhole
  • 34m @ 1.35% Li2O from 176m downhole and 29m @ 1.31% Li2O% including 6m @ 2.09% Li2O from 218m downhole,
  • All drillholes were terminated in Lithium mineralisation as they were originally drilled targeting gold
  • Follow-up RC drilling being planned; thickness of the Earl Grey pegmatite is still unknown; however the existing drill holes confirm a minimum true width of 50m.
  • Follow-up drill holes will target up-dip mineralisation towards surface and laterally; the mineralised zone is open in every direction
  • Mineralised zone dips around 20-25 degrees, ideal for open cut mining at a lower strip ratio; Earl Grey located on granted Mining Lease
  • Earl Grey pegmatite is located along strike within the same ultramafic unit as the Prince of Wales and Texas pegmatites which are yet to be tested for lithium but are confirmed by drilling to be 2.2km long and 6.3km long respectively (Refer Figures 3)

 

Kidman Resources (ASX: KDR) is pleased to advise that it has discovered a second high-grade lithium-bearing pegmatite at its Mt Holland gold project near Southern Cross in WA.

Assays from the Earl Grey pegmatite have returned sample grades of up to 3.94 per cent lithium (Li2O) and highly-mineralised intersections over widths of up to 52m. All holes have ended in mineralisation. Other strategic metals such as Tantalum (up to 255ppm Ta2O5), Caesium (up to 0.162% Cs2O) and Niobium (up to 359ppm Nb2O5) all show enrichment in zones within the Earl Grey Pegmatite. Click here to read more…


KDR completes acquisition of Mt Holland Gold-Lithium Project

7 July 2016

Settlement clears way for resource drill-out at the high-grade Blue Vein gold deposit and for extensive drilling program targeting thenewly-defined lithium pegmatite targets Kidman Resources Limited (ASX: KDR) is pleased to announced that it has completed the acquisition of the Mt Holland gold-lithium project in WA.

Shareholders approved the transaction at a general meeting held on 29 June, 2016 and the final documentation was completed today. Click here to read more…


Review highlights Mt Holland’s outstanding lithium potential

5 July 2016

Kidman to launch extensive drilling program having established pegmatite occurrences over 25km with true widths up to 50m and interval grades of more than 2 per cent lithium Click here to read more…


Drilling extends high-grade Blue Vein gold deposit in WA

20 June 2016

Kidman now to commence infill drilling program to grow 372,000oz Resource by targeting high-grade areas and down-plunge extensions Kidman Resources (ASX: KDR) is pleased to advise that it has extended the highgrade Blue Vein deposit within its Mt Holland gold project in WA by 60m downdip.

The result, which came via an intersection of 3.8m at 5.47gpt within a wider zone of 13m @2.28 gpt , highlights the strong economic potential of Blue Vein, which has a Combined Measured, Indicated and Inferred Resource of 372,000oz at 2.39gpt (see ASX Announcement 18 December 2015). Click here to read more….


Kidman completes Gunga West gold project sale

20 June 2016

Kidman Resources Limited (ASX: KDR) is pleased to announce that it has completed the sale of its Gunga West gold project near Kalgoorlie to Metals X Limited (ASX: MLX). A s announced on 31 March 2016, the deal comprises $1.5 million in cash, a further payment of $500,000 upon production of 10,000oz at Gunga West and a final payment of $500,000 upon production of 30,000 oz. Click here to read more…


Mt Holland Lithium Potential Confirmed

23rd May 2016

Kidman Resources’ (ASX:KDR) ongoing review of the lithium potenal at the Mt Holland project (see ASX release dated April 13, 2016) has completed the first assessment and analysis of historic Bounty drill core. Click here to read further….


Maiden diamond drilling program set to start at ~1Moz Mt Holland gold project in WA

10th May 2016

Kidman Resources (ASX: KDR) is pleased to advise that the Company’s maiden diamond drilling program at its ~1 million-ounce Mt Holland goldfield near Southern Cross in WA is set to start this week. The drilling will target depth extensions to the known mineralisation at the Blue Vein deposit, where the deepest intersection of 14m at 13.64gpt was recorded at a vertical depth of around 350m. Click here to read further….

DDH1 Drilling Rig setup to begin 1st exploration drilling hole by Kidman at Mt Holland Blue Vein


PAC PARTNERS RESEARCH REPORTS

Lithium Results – Strong potential to add value from Non – Core  Asset – 23rd May 2016

Recent Research Reports

1. KDR First Gold Results from Mt Holland are Positive – 19th May 2016

2. Getting Ready to Expand Gold Production – 10th May 2016

3. Initiation Report  – 2nd May 2016


VISION

“To become a mid-tier miner creating significant value for shareholders through the acquisition, development and operation of assets that have the ability to sustain high operating margins, return cash to shareholders and have a self funding growth profile.”


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