In February 2018, Namibia Rare Earths Inc. acquired seven projects from Gecko Namibia to diversify the Company’s commodity portfolio which now includes cobalt, copper, lithium, tantalum, niobium, nickel, vanadium and rare earths. The name change to Namibia Critical Metals Inc. was made to better reflect this diversity of commodities related to batteries, electric vehicles and associated technologies. The Company completed a CD$4M raise in May 2018 and has been focused on exploration in an emerging cobalt district in northern Namibia where a major discovery of 79,300 t (indicated) and 46,900 t (inferred) contained cobalt was recently announced by Celsius Resources. A first phase drilling program was completed in December 2018 and additional drilling is planned for Q1 2019.
Pine van Wyk, NHD MET. ENG. B.COM, MBA – Director and CEO
Metallurgical Engineer with over 25 years experience in the mining industry. Director Business Development with Gecko Namibia (Pty) Ltd. Previously worked for Rössing Uranium as Engineering Manager and with Paladin Energy at the Langer Heinrich mine as Operations Manager and Business Development Manager. Director of Celsius Resources Limited (ASX:CLA).
Rainer Ellmies, PhD, MAusIMM – Senior Geological Advisor
General Manager of Gecko Exploration, 30 years’ international experience directly involved in a number of significant discoveries in Namibia. Extensive background in critical metals. Senior Geologist with BGR/BMZ from 1999-2005. Manager of German-Namibian Development Cooperation from 2005-2012, management in African Mining Capital and Kunene Resources 2012-2016.
What is your rationale for attending 121 Mining Investment?
Raise profile of importance of cobalt discoveries at Kunene and opportunities in Namibia for heavy rare earths at Lofdal Project, Ta-Nb at Epembe Project and early stage exploration. Update investors on progress with Kunene Cobalt-Copper Project and other project activities and provide scope of next planned work programs which will require a near-term raise.
What recent news would you like to highlight to investors attending?
Australian explorer Celsius Resources announced discovery of 110 MT Co-Cu discovery in northern Namibia in April 2018. One of the largest primary cobalt discoveries in the world. NMI holds major contiguous ground covering over 720 km2 with multiple targets recently completed first airborne electromagnetic (EM)survey in the area. First drilling completed between on October and December (results pending). Planned continued drilling Q1 2019.
Airborne EM survey over mafic complex planned for March 2019 targeting Cu-Ni and Zn-Pb-V deposits
On-going metallurgical programs to optimize feasibility on heavy rare earth and Ta-Nb projects using ore sorting technologies (XRT and XRF) on bulk samples in South Africa.
What are your key goals for the next 3, 6 and 12 months?
1. Complete first phase drilling program to prioritize targets on Kunene Co-Cu 2. Continue follow up on airborne EM targets 3. Complete 1,500 line km airborne survey over Grootfontein Cu-Ni and Zn-Pb-V project 4. Complete finance raise to support Q1/Q2 2019 programs
1. Identify targets at Kunene for potential mineral resource drilling 2. Complete metallurgical optimizing on Lofdal rare earth project and Epembe Ta-Nb project 3. Identify drill targets at Grootfontein 4. Undertake financing raise for Q3/Q4 programs
1. Develop Co-Cu resource at Kunene 2. Initiate PEA on Kunene 3. Review feasibility opportunities at Lofdal and Epembe 4. Undertake preliminary drilling at Grootfontein 5. Early stage exploration programs on Otjiwarongo and Erongo Au project
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Commodity prices and supply uncertainties are a common issue in some of the critical metals markets. By diversifying our commodity base and bringing in a strategic Namibian mining partner the Company is mitigating these risks and allowing us to focus on those projects which offer the most immediate shareholder value creation. The collective expertise of the management team and their specific operational experience in Namibia will enable Namibia Critical Metals to take projects from discovery through to full feasibility and mine development.
In a sentence, what do you think makes your company such a compelling investment?
NMI has unique project portfolio focused on a number of critical metals in an excellent mining jurisdiction which gives the Company flexibility to direct resources as market conditions dictate, and its partnership with Gecko strengthens in-country management and provides in-house capacity to move projects through to feasibility and mine development.