KOR
RAB RESO
R OURCES LIM
MITED
D
K
KORAB
B HOUSE
w
www.korab
b.com.au
220 February 2017
2
For personal use only
DRILLIING PR
ROGRA
AM FOR
R COBA
ALT AN
ND ZIN
NC AT
K
KORAB
B’S BA
ATCHEL
LOR PR
ROJEC
CT

Cobaalt/copper/go
old mineralisaation identifieed at Batchelor (Reported on 110 February 2017)

Zinc//lead/silver mineralisation
m
n identified att Batchelor (RReported on 23 Novvember 2016, and 25
2 January 2017)

Planning of the fo
ollow-up drillling program completed

ow-up drilling program
Drilliing crew and rigs securedd for the follo

Drilliing program likely to be bbrought forwaard
K
Korab Resourrces Ltd (“Korrab”, or “Comppany”) (ASX: KOR) is pleased to report tthat following the release of
tthe cobalt ressults from the Korab’s Batcchelor project located near Darwin in thee Rum Jungle Mineral Fieldd
((reported to ASX
A on 10 Febbruary 2017) aand the releasse of the zinc results
r
from thhe same project (reported too
A
ASX on 23 November 2016, and 25 Jannuary 2017) Korab
K
has com
mpleted plannning of the follow-up drillingg
pprogram to furrther test these cobalt and zzinc mineralisaations.
FFurthermore Korab
K
is pleassed to advise tthat it has seccured the drilliing crew and rigs for this drrilling program
m
w
with flexible drilling
d
campaaign funding ooptions. Conssequently this drilling progrram is likely to
t be brought
fforward and may commennce earlier thhan 2nd Quartter 2017 (subbject to perm
mitting). Furtheer informationn
rregarding thiss drilling proggram and otheer, parallel exxploration work targeting llithium/caesium/tungsten at
B
Batchelor will be reported too the ASX wheen available.
D
Diagram beloow illustrates approximate locations off selected drill holes plannned to furtheer test cobalt
m
mineralisationn shown on preeviously reporrted 3D near surface
s
cobalt values with ov
overlayed faultts/fractures.
C
Issued Capital
Location
n of
planned co
obalt
drill hole
es
Sharess: 226 mln
Optio
ons: 4 mln
Last Price: 3.4 cents
ASX:
A
KOR
BERLIN
N: C6S.BE
Locations
L
of
plaanned cobalt
drill holes
Prrojects
Wincheester (NT)
Magnesium carbonate
(MgCO3)
Geo
olsec (NT)
Phoosphate rock
(P2O5)
Batch
helor (NT)
Au, Ag, Zn, Pbb, Ni, Cu, Co
Mt. Eleph
hant (WA)
Au, Cu
Bobriko
ovo (UKR)
Au, Ag, Pb
FFigure 1 3D im
mage of cobalt values in grid ded shallow RAB
R drilling with faults/fractuures and locattion of some off
tthe planned ho
oles, (near surrface drill-chipp values, heigh
ht and colour re
eflects Co grad
ade in ppm).
20 PROWSE STREET,
S
WEST PERTH, WA, 60005, AUSTRALIA
PO BOX 1958,, WEST PERTH, WA, 6872, AUSTTRALIA
TEL (08) 9474 6166 FAX (08)) 9322 6333
ACN 082 140 252
2
PAGE 1
KOR
RAB RESO
R OURCES LIM
MITED
D
K
KORAB
B HOUSE
w
www.korab
b.com.au
For personal use only
D
Diagram beloow illustrates approximatee locations of
o selected drill holes plaanned to furtther test zincc
m
mineralisationn shown on preeviously reporrted 3D soil suurvey zinc valuues.
Locations of
planned zinc
drill holes
Locationns of
planned zinc
drill holes
FFigure 2 3D im
mage of zinc vaalues in soils w
with overlayed location of so
ome of the plannned holes (so
oil
ggeochemical survey
s
values, height and coolour reflects Zn
Z grade in ppm)
C
Issued Capital
Sharess: 226 mln
Optio
ons: 4 mln
Last Price: 3.4 cents
ASX:
A
KOR
BERLIN
N: C6S.BE
Prrojects
Wincheester (NT)
Magnesium carbonate
(MgCO3)
Geo
olsec (NT)
Phoosphate rock
(P2O5)
Batch
helor (NT)
Au, Ag, Zn, Pbb, Ni, Cu, Co
Mt. Eleph
hant (WA)
Au, Cu
Bobriko
ovo (UKR)
Au, Ag, Pb
FFigure 3 Locattion of Korab’ss Batchelor prooject near Darrwin in the Norrthern Territoryy
20 PROWSE STREET,
S
WEST PERTH, WA, 60005, AUSTRALIA
PO BOX 1958,, WEST PERTH, WA, 6872, AUSTTRALIA
TEL (08) 9474 6166 FAX (08)) 9322 6333
ACN 082 140 252
2
PAGE 2
KOR
RAB RESO
R OURCES LIM
MITED
D
K
KORAB
B HOUSE
w
www.korab
b.com.au
C
CONTACT:
A
Andrej K Karppinski, Executive Chairman - Australia: (08) 9474 6166, International : +61 8 9474 6166
For personal use only
A
ABOUT KORA
AB RESOURC
CES
K
Korab Resourrces Ltd is ann internationall mining and exploration coompany with ooperations in Australia andd
E
Europe. Korab’s projects innclude Winchhester magnessium carbonate deposit annd Geolsec phhosphate rockk
ddeposit at Battchelor in the Northern
N
Terrritory of Austraalia as well as a gold and siilver deposit at
a Bobrikovo inn
eeastern Ukrainne. The Comppany also expplores for gold and copper at
a Ashburton D
Downs in Wesstern Australiaa
aand for variouus metals and specialty minnerals at Batchhelor in the Noorthern Territoory. More infoormation about
K
Korab’s projeccts can be sourced from Koorab’s websitee at www.koraab.com.au. Koorab’s shares are traded onn
A
Australian Seccurities Exchaange (ASX) annd on the Berrlin Stock Exchange (Berlinner Börse) throough Equiduct
eelectronic tradding platform.
C
Issued Capital
Sharess: 226 mln
Optio
ons: 4 mln
Last Price: 3.4 cents
ASX:
A
KOR
BERLIN
N: C6S.BE
Prrojects
Wincheester (NT)
Magnesium carbonate
(MgCO3)
Geo
olsec (NT)
Phoosphate rock
(P2O5)
Batch
helor (NT)
Au, Ag, Zn, Pbb, Ni, Cu, Co
Mt. Eleph
hant (WA)
Au, Cu
Bobriko
ovo (UKR)
Au, Ag, Pb
20 PROWSE STREET,
S
WEST PERTH, WA, 60005, AUSTRALIA
PO BOX 1958,, WEST PERTH, WA, 6872, AUSTTRALIA
TEL (08) 9474 6166 FAX (08)) 9322 6333
ACN 082 140 252
2
PAGE 3