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Message: Response from Kimber re Measured & Indicated

Response from Kimber re Measured & Indicated

posted on Dec 03, 2009 08:41PM

I talked to kimber today.

They have been working on proving up a high grade mineral resource at the carmen deposit. Because high grade material is concentrated into a smaller space, there is less area and less drill holes. Due to the smaller area and fewer drill holes, the resources can only be classified as "indicated" and cannot be classified as "measured", even though the grades are higher.

Expect to see the new 43-101 out by the end of this year.

Expect to see a scoping study on the economic feasibility of Carmen done by March 2010.

Dont expect to see "measured" resources. Do however expect to see the "indicated" resources converted to "probable reserves" after the completion of a pre feasability study, which will follow a favorable scoping study.

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