Kimber Resources Reports Filing of Technical Report for Monterde Project; Shares Dip 2% Near Low

By Staff,

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Kimber Resources Inc. ( KBX ) is down 2.4% after filing its NI 43-101 compliant Technical Report, including the Updated Mineral Resource Estimate for the Carmen Deposit Monterde Project.

The Technical Report was prepared by Micon International Ltd., with assistance by Kirkham Geosystems Ltd. and Knight Piesold Consulting Ltd. Micon recommends that the Monterde Project be advanced to the pre-feasibility stage as well as considering further exploration to expand gold and silver mineral resources.

KBX is trading at $0.40 in a 52-week range of $0.35 - $1.32. Shares have fallen 60% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: KBX

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