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Date Nov 19, 2008
Oct 24, 2008
Simberi Grants Options To Officers & Directors
Oct 8, 2008
Simberi Reorganizes Australian Property Portfolio
Sep 30, 2008
Simberi Mining: Corporate Update





Corporate Properties News Investors

Simberi Mining Corporation is an international mineral development company focused on the exploration and acquisition of developed low cost precious and base metal projects. Simberi has exploration projects in both the Democratic Republic of the Congo and in Australia. The company's main exploration project is the Kakanda Copper/Cobalt project in that Democratic Republic of the Congo, a world class copper/cobalt deposit in the Central African Copper Belt.

In Australia the Company has 3 ongoing projects; joint ventures on the Mt. Sarah, Mt. Narlee and Merlot properties.  Mt. Sarah and Mt. Narlee are located in the G-2 corridor within the Gawler Craton all in South Australia. The G2 corridor is the host for the copper/uranium/gold Olympic Dam type deposits. The Merlot property is located in Western Australia in the Mt. Margaret mineral field and covers a portion of the Sefton Lineament, a major structural feature that is host for platinum group metals.

Simberi’s Current Property Ownership:

  • Kakanda - Democratic Republic of Congo (Simberi 51%)
    • Copper/Cobalt
  • Merlot - Western Australia (Simberi 80%)
    • Nickel/Copper/Platinum
  • Mt. Sarah  - South Australia (Simberi 60%)
    • Gold/Uranium/Copper
  • Mt. Narlee  - South Australia (Simberi 60%)
    • Gold/Uranium/Copper

Simberi will proceed to conduct detailed exploration on the high potential zones of both the Mt. Sarah and Mt. Narlee properties in South Australia. 

Simberi is currently conducting due diligence investigations on the Merlot property. Preliminary geophysical interpretation  (early 2008), has indicated copper, nickel and platinum mineralization.

 

Kakanda, DRC -  Resources

Kakanda Resources Tonnes (mm) Cu% Co% Contained Copper (million lbs) Contained Cobalt (million lbs)
Tailings
(Indicated)
18.4 1.22 0.15 494.7 60.8
Hard Rock
(Inferred)
11.3 3.25 0.20 809.4 49.8

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