North River Resources plc (‘North River’) is headquartered in London with subsidiaries in Mozambique and Namibia.

North River has an extensive exploration landholding in Namibia ranging from newly issued exclusive prospecting licences (‘EPLs’) to properties with identified in house copper resources some of which will be JORC compliant in late 2011. In addition North River has an EPL covering the historic Namib Lead-Zinc Mine, which is currently the subject of a conceptual engineering study after returning positive exploration intersections in Q3 2011. North River has active exploration programmes underway on all EPLs in 2011 and these are ongoing.

All North River’s exploration licences in Mozambique are operated under joint venture agreements.

Key Points:

  • Advanced copper and base metals projects in Namibia offer development potential in the short term
  • Significant Namibian exploration landholding offers discovery potential
  • Exploration programmes targeting gold, copper, lead-zinc-silver-indium, uranium, iron ore and phosphates
  • In house copper resource in Namibia of approximately 140,000 tonnes Cu
  • JORC compliant copper resources expected in 2011
  • High grade intersections achieved at the Namib Lead-Zinc Project in 2011 (5m @19.6% Zn, 14.3% Pd, 317g/t Ag and 144 g/t In)
  • JV with Extract Resources to explore for uranium in Namibia
  • JV with Baobab Resources to explore for iron ore, coal and phosphates in Mozambique
  • JV with Jacana Resources to explore for uranium in Mozambique
  • Excellent support infrastructure in place in Namibia
  • North River has a high calibre board and management team providing a wealth of commercial experience and access to world class technical resources