68 ▪ The NCLT Project extends over 15,000 hectares and is located contiguous to and immediately north of the Company's existing Blesberg Mine. ▪ It comprises over 16 known tungsten deposits and former high-grade tungsten mining operations including the Kalbeen and Isis Tungsten Mines and the Koubank, Kaalbeen West and Armbank Tungsten Deposits, all of which are located within 5 km to 10km of Blesberg. ▪ Kaalbeen West deposits occur some 2.3 km NW of the main Kaalbeen underground tungsten mine ▪ Structurally it is similar to Kaalbeen being the westerly extension of the same shear zone Fig 1: Ore vein of 0.6m width in main excavation Fig 2: Known Tungsten deposits on NCLT acreage KAALBEEN WEST TUNGSTEN DEPOSIT ▪ The area contains several sets of tungsten bearing veins spaced over a one km2area. Five of these have been partly mined in the past, probably during the 1960’s ▪ Veins are typically 0.5 – 0.6 metres wide and near vertical orientation. Strike directions vary considerably according to location ▪ Compositionally they contain quartz-feldspar – scheelite veins where scheelite can grade 1-3% WO3, or higher in places
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