Project Portfolio

Project Portfolio

The Company currently holds a portfolio of five projects comprising seven Exclusive Prospecting Licences (” EPLs”), one Mineral Deposit Retention License (“MDRL”) and one Mining License (“ML”) with a total surface area of over 3,000 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.

Dr. Rainer Ellmies, PhD, MSc Geology, GeolFA, EurGeol, AusIMM, 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 issued
1 EPL, 1 ML 314
2. Epembe Tantalum-Niobium Ta, Nb, U, P Brownfields – multiple targets sampled
with drilling, initial metallurgy done
1 MDRL 57
3. Grootfontein Nickel-Copper, Gold Ni-Cu, Pb-Zn-V, Au Greenfields – mineral occurrences mapped, soil sampling,
ground and air geophysics
2 EPLs 1.393
4. Otjitazu Gold Au Greenfields – mapping and soil sampling 2 EPLs 340
5. Erongo Gold Au Greenfields – mineral occurrences mapped,
soil sampling
1 EPL 337

Projects

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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