Project Portfolio

Project Portfolio

The Company currently holds a portfolio of six projects comprising thirteen Exclusive Prospecting Licences (” EPLs”) with a total surface area of over 5,000 km2. Projects are at various stages of development and priorities are assigned based on commodity demands and success for project advancement to mine development.

Projects and their principal commodity targets and development stage are summarized in the following table.

Donald M. Burton, P.Geo. is the Company’s Qualified Person and has reviewed and approved the technical disclosure on this website.

Project Name Commodity Targets Development Stage License Status Area (km²)
1. Lofdal Heavy Rare Earths REE Advanced – 43-101 resource and
PEA completed; mining license pending
1 EPL, 1 ML pending 314
2. Kunene Cobalt-Copper Co, Cu, Zn Brownfields – multiple targets sampled
with drilling
6 EPLs 2,110
3. Epembe Tantalum-Niobium Ta, Nb, U, P Brownfields – multiple targets sampled
with drilling, initial metallurgy done
1 MDRL 57
 4. Grootfontein Nickel-Copper, Gold Ni-Cu, Pb-Zn-V, Au Greenfields – mineral occurrences mapped, soil sampling,
ground and air geophysics
2 EPLs 1,638
5. Otjiwarango Rare Earths & Gold Au, REE Greenfields – mapping and soil sampling 2 EPLs 609
6. Erongo Gold Au Greenfields – mineral occurrences mapped,
soil sampling
1 EPL 337
Total Area 5,065

Projects

Kunene Cobalt-Copper Project

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Lofdal Heavy Rare Earths Project Under Joint Venture with JOGMEC

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Epembe Tantalum-Niobium Project

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Grootfontein Nickel-Copper, Lead-Zinc-Vanadium, Gold

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Otjiwarongo Rare Earths and Gold Project

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Erongo Gold Project

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