Drilling Update at Kasombo Copper-Cobalt Project in DRC Highlights: Drilling works undertaken at the Kasombo Project in DRC Targeting copper and cobalt mineralisation in Katangan Copperbelt Fe Limited (Company) (ASX: FEL) is pleased to advise that drilling at the Kasombo Copper-Cobalt Project (Kasombo Project) has commenced. The Kasombo Project comprises three mineralized areas of approximately 600 hectares, Kasombo 5, 6 and 7, located within two granted mining licenses PE 481 and PE 4886 and situated approximately 25km from the DRC’s second largest city, Lubumbashi, in the Katanga Copper Belt (KCB). At the Company’s AGM on the 3 November 2017 shareholders approved the acquisition of the Kasombo Project from Cape Lambert Resources Limited (ASX: CFE)(Cape Lambert). Cape Lambert is a major shareholder of FEL currently holding 44.66% of issued capital. A total of 300m of drilling (four holes at Kasombo 5 and five holes at Kasombo 7) is planned for this preliminary program. One 79m hole at Kasombo 5 has been completed, with the second hole in progress. Wet weather has caused some delays in progressing the work. Drill samples are being progressively dispatched to ALS laboratories for assay. Commenting on the commencement of the exploration works, Chairman Tony Sage said, “I am pleased to see drilling commenced so that we can start to reveal the potential of the Kasombo area”. Yours faithfully FE LIMITED |