The project has a current JORC resource of 1,250,000 tonnes, with resulting underground in-situ metal inventory of:
A mine development plan has been completed based on a 250,000kt per annum plant, which demonstrates a payback of just 1.4 years based on a Mineral Inventory of 425kt of Indicated Resource, and 234kt of Inferred Resource.
The Company has a project equity agreement for up to $12.0 million with Greenstone Resources with which to progress the project through to production.
In addition to the Namib project, the Company has numerous other interests in both Namibia and Mozambique covering phosphate, iron ore, copper and gold. In tandem with the development of Namib into production, the Company has a wider strategy to build North River by acquisition during the sector downturn to become a high-growth enterprise.
|18.11.2014||Greenstone Tranche Two|
|19.09.2014||Increase in Underground Mineral Resource at Namib|
|31.07.2014||Total Voting Rights|
|30.07.14||Environmental Clearance for Namib Lead Zinc Mine and Operational Update|
|25.07.2014||Holdings in Company|
|21.07.2014||Holdings in Company|
|11.07.2014||Update Regarding Recent Placings|
|04.07.2014||$12.0 million project equity agreement with Greenstone Resources|
|30.06.2014||Completion of GBP 200,000 Placing|
|30.06.2014||Mine Development Plan|
|25.06.2014||Result of Annual General Meeting|
|18.06.2014||Conditional Resignation of Director|
|29.04.2014||Namib Lead Zinc Silver Project Update|
|28.03.2014||Admission of Placing Shares & Major Shareholder Update|
|21.03.2014||Completion of 200,000 GBP Placing|
|06.03.2014||Significant high grade drilling results at the Namib mine|
|29.01.2014||Completion of Â£1,025,000 Placing|
|20.01.2014||EIA & EMP Submission|
|12.12.2013||Substantial Resource Upgrade at the Namib Lead Zinc Silver Project|