Kombat Copper Corporate Update; Shrs Near Yr Lows
Kombat Copper Inc. (KBT.V), which is trading near year lows, provide an update on its Namibian copper projects as well as its broader corporate objectives for the third and fourth quarters of 2012.
Following the April 24, 2012 acquisition of the Kombat Copper Project in Northern Namibia, the company said it has now completed the necessary corporate restructuring to formalize ownership of its Namibian holding and operating subsidiaries. With the restructuring and the changeover of the relevant personnel, management, and contractors complete, the company has achieved a major milestone and continues towards its goal of returning the Kombat mine to production. Key elements of this objective include completion of a focused drill program, evaluating the economics of the existing resource, undertaking detailed engineering studies, rehabilitating the existing mill and concentrator, and dewatering the mine.
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