Arcadia Minerals reports renewed exploration permits and promising critical mineral anomalies at its Namibian projects, while advancing strategic funding discussions and preparing for key drilling campaigns.
- Renewal of exploration permits across key Namibian projects until mid-2027
- Stream sediment sampling confirms widespread anomalies in nickel, copper, cobalt, palladium, platinum, gold, and lithium
- Swanson Tantalum Mine attracts multiple funding interests with potential for expansion
- Karibib Copper Gold Project poised for a 1,000m reverse circulation drilling campaign
- Lithium project permits renewed with environmental clearance pending
Renewed Permits Secure Exploration Momentum
Arcadia Minerals Limited has successfully renewed exploration permits for several of its flagship projects in Namibia, extending tenure until approximately mid-2027. This regulatory stability underpins ongoing and planned exploration activities across the TVC Projects, Karibib Copper Gold Project, and the Bitterwasser Lithium Project, ensuring the company can continue to advance its diverse portfolio of critical and strategic metals assets.
Encouraging Stream Sediment Sampling at TVC Complex
During the quarter, Arcadia completed an extensive stream sediment sampling program across the Tantalite Valley Complex (TVC), collecting 97 samples that revealed widespread anomalous concentrations of key minerals including nickel, copper, cobalt, palladium, platinum, gold, and lithium. Notably, the sampling identified multiple new target areas beyond historically known mineralised zones, suggesting a broader mineralisation footprint than previously understood. Follow-up test work on historical drill core confirmed significant grades, reinforcing the potential for substantial discoveries within the complex.
Pending results from a recently completed BLEG geochemical orientation program are expected to refine priority targets for upcoming drilling campaigns, which could unlock further value in this critical metals hub.
Swanson Tantalum Mine Draws Strategic Interest
The Swanson Tantalum Mine continues to attract strong interest from multiple parties amid Arcadia’s competitive offtake and funding process. The project’s modest development capital expenditure of US$9.8 million and its status as an ethical source of tantalum; sourced outside conflict zones; enhance its appeal. Several interested parties have visited the site and accessed detailed data, with some submitting initial proposals. Moreover, exploration of surrounding tenements at TVC offers potential for mine life extension and increased throughput, adding further upside to the project’s economics.
Karibib Project Advances Towards Drilling
Arcadia’s Karibib Copper Gold Project, situated in the prospective Damara Belt, received permit renewal and is preparing for a 1,000-metre reverse circulation drilling program targeting skarn-type mineralised calc-silicate outcrops. The project benefits from proximity to significant regional deposits and is attracting interest from potential strategic equity partners. The upcoming drilling campaign aims to test both surface mineralisation and geophysical anomalies, potentially unlocking latent value through modern exploration techniques.
Lithium Projects Maintained Amid Market Caution
Permits for the Lithium-In-Clays and Lithium Brines projects at Bitterwasser have been renewed, with environmental clearance certificates pending. While exploration activity was minimal this quarter, Arcadia maintains these assets in good standing, anticipating a recovery in lithium market fundamentals. Strategic equity discussions continue, reflecting the company’s intent to position these projects for future growth when market conditions improve.
Financial Discipline and Funding Strategy
Arcadia reported modest exploration expenditure of $33,000 for the quarter and continues to implement austerity measures to preserve cash reserves. Post-quarter, the company drew down $150,000 from an unsecured non-recourse loan facility to support ongoing activities. The company’s strategy prioritises securing project-level joint ventures and strategic equity partnerships to fund exploration and development while minimising shareholder dilution.
Bottom Line?
Arcadia’s renewed permits and promising exploration results set the stage for pivotal drilling and funding milestones in the coming quarters.
Questions in the middle?
- What will the pending BLEG sampling results reveal about the TVC Complex’s mineralisation potential?
- How will strategic equity partnerships shape the funding and development timeline for Swanson and Karibib projects?
- When will the environmental clearance certificates for the Bitterwasser Lithium Project be granted, and how might this impact exploration activity?