Kagara Ltd - Admiral Bay Pre Feasibility Study Completion:

RSV Australia is pleased to announce it has successfully completed the Pre Feasibility Study for the Admiral Bay Lead Zinc.

Kagara expects to move to a full Bankable Feasibility Study (BFS) for development of the Project, with funding arrangements for the BFS expected to be completed within the next six months. The Bankable Feasibility Study phase will include sinking an exploration shaft to 1,428m to drill a 1.2km section of the deposit to reserve status.

The Admiral Bay deposit, located 250 kms south of Broome in Western Australia, has the potential to host one of the world’s largest lead zinc mines and has an inferred resource of 72Mt @ 3.1% zinc, 2.9% lead, 18 g/t silver and 11% barium.