Kiwara Plc

completed

Kiwara Plc (“Kiwara” or the “Company”) is a London-based mineral exploration company focused on exploring and developing base metals deposits in Zambia. The Company is listed on London’s AIM (ticker: KIW) and Johannesburg’s JSE (ticker: KWR), with a market capitalization of approximately GB£34.0 million (US$49.5 million).The Company, through its subsidiary Kiwara Resources (Zambia) Ltd (“Kiwara Zambia”), holds 80 % of Kalumbila Minerals Ltd (“KML”), with the remaining 20% being held by their Zambian partners, LM Engineering Ltd (15%) and Kashengeneke Enterprises Ltd (5%). KML holds Prospecting Licence 267 (the “License Area”) that is within an increasingly significant mining area that contains the new Kansanshi (First Quantum Minerals) and Lumwana (Equinox) copper mines. For the purposes of this report KML will be used in the sections below.The Licence Area includes three deposits that have previously been drill-investigated – the Kalumbila Nickel-Cobalt-Copper deposit, the Kawako Nickel-Copper deposit, and the Kawanga Uranium deposit. Drill results indicate the presence of high grade nickel zones in excess of 1%. Kawanga was historically a uranium target area, but Kiwara is now pursuing it for base metal potential. Copper mineralization was discovered by a historic borehole intersecting 47m chalcopyrite.At Kalumbila, the Company plans to produce an independent initial resource statement, complete a pre-feasibility study and if appropriate, progress to full feasibility study. At Kawako, the Company plans to complete strike drilling to extend the nickel discovery and to move forward to completing a scoping study. At Kawanga, the Company will initiate investigations of base metal showings.