what

Kagara is pleased to announce that it has completed the A$6.5 million purchase of the
Maitland copper deposit and associated tenements from Glengarry Resources Ltd. The deposit
which is at an early stage of exploration has an indicated and inferred resource of 1.49 million
tonnes of 1.5% copper and 0.02% molybdenum and an additional indicated resource of 115,000
tonnes at 0.8% copper and 0.17% molybdenum. Maitland is located approximately 50
kilometres from Kagara’s Balcooma mining operations and is within trucking distance of either
the Thalanga or Mt Garnet copper treatment plants.
The deposit has excellent depth potential and is expected to support a significant
underground operation which will supplement production from the Balcooma copper mine.
The deposit has been lightly drilled with intersections of up to 30 metres at 3.9% copper and
38 metres at 2.1% copper including 12 metres at 6.7% copper, demonstrating the potential of
the deposit to host a significant underground operation (see attached plans).
The deposit contains high grade molybdenum mineralisation which is associated with the
copper mineralisation and is open down plunge and appears to be increasing in thickness with
depth.
In addition to the Maitland deposit, the acquisition includes three EPM’s covering the strike
potential plus a base metal gossan and geochemical anomaly known as T3. This prospect has
returned rock chip samples up to 11% lead and 8% zinc which occur in a similar geological
setting to the Balcooma base metal deposits and will require further follow up drilling.

potential,significant,increasing,early stage,
it is such a small deposit so why the positives

A little more drilling guys maybe.