ACN: 009 067 47612 April 2007ASX RELEASEKihabe Zinc Project,...

ACN: 009 067 476
12 April 2007
ASX RELEASE
Kihabe Zinc Project, Botswana
Mount Burgess Mining N.L. 100%
INITIAL RESOURCES STATEMENT
Ravensgate, Minerals Industry Consultants, have been retained by the Company to
develop a Resource Block Model and Mineral Resource Estimate for the Kihabe Zinc
Project in western Botswana. An initial resource has now been compiled.
In summary, these initial resource statements show that:
„h The Company has indicated and inferred zinc, lead and silver
resources in the order of 11 million tonnes
„h The average zinc equivalent grade amounts to 2.55%
„h The resources are calculated to a depth of 150m with some
extensions to 190m.
„h At current zinc prices (US$3,500/t) and US$/Aus$ exchange rates
(Aus$1 = US$0.825) the gross in-ground value of the Kihabe
Resources is in the order of US$981 million or Aus$1,189 million.
The gross in-ground values shown above are for resource value estimates only and do
not represent recoverable values as metallurgical test work has still to be completed to
determine metal recoveries.
The initial Indicated and Inferred Resource Model has been compiled in accordance with
the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves (JORC Code-December 2004) based on data from 12,018 meters of Reverse
Circulation (RC) drilling along a 2.4km zone of zinc, lead, silver, copper and vanadium
mineralisation. From this drilling some 10,754 individual meters were submitted for
assaying and from these, 2,060 meters, representing all zinc assays above 0.5%, were
submitted for check assay to the internationally accredited Genalysis Laboratory in Perth
Western Australia.
A full geostatistical analysis and variography studies were conducted by Ravensgate as a
basis for applying interpolation by the ordinary Kriging method, utilising drill hole
sample composites of nominal 1m length. Models for zinc, lead and silver were appended
and a zinc equivalent(s) field was calculated on the basis of 1% zinc = 1.67% lead and
75g/t silver. In addition, copper mineralisation present in the eastern zone of Kihabe was
also modeled. Further drilling and metallurgical test work will be required to establish
the significance of any potential contributions from vanadium and cobalt.

The Kihabe project is situated within 1km of the Namibian border and can be accessed
either from the Botswana side, via the Trans Kalahari Highway to Nokaneng and then by
120km of gravel road or from the Namibian side via Tsumkwe through the Dobe border
gate, 15km north of the project.
The Kihabe Mineral Resource Statements are as follows:
Mineral Resource Statement 12 April 2007 ¡V Kihabe Base Metals Deposit ¡V Indicated
Resource - Reported at % Zn equivalent lower cut-offs
Mineral Resource Statement 12 April 2007 ¡V Kihabe Base Metals Deposit ¡V Inferred
Resource - Reported at % Zn equivalent lower cut-offs
Mineral Resource Statement 12 April 2007 ¡V Kihabe Base Metals Deposit ¡V Cu
Mineralisation ¡V Inferred Resource - Reported at % Cu lower cut-offs