Jan 29 (Reuters) - Kangaroo Island Plantation Timbers Ltd KPT.AX :
* ANNOUNCES PRELIMINARY ASSESSMENT OF SEVERITY OF FIRE DAMAGE
* AN ESTIMATED 90% OF KIPT'S TREES ARE, FOR ALL PRACTICAL AND ECONOMIC PURPOSES, NO LONGER PRODUCTIVE
* CONTINUES TO CONSIDER ITS OPTIONS, INCLUDING FORM IN WHICH TIMBER MAY BE EXPORTED AND SOLD
* ON PRELIMINARY BASIS ESTIMATES THAT ONLY 5% OF ITS TREECROP HAS NOT BEEN FIRE-AFFECTED
* FURTHER 5% HAS EXPERIENCED PREDOMINANTLY GROUND FIRE, WITH ONLY MINOR CANOPY DAMAGE, ON A PRELIMINARY BASIS