Golden Deeps’ High-Grade Gallium Finds at Nosib Raise Stakes Amid Exploration Push

Strategic Acquisition Expands Critical Metals Footprint

Golden Deeps Ltd has made a decisive move in the critical metals sector by acquiring an 80% interest in the Central Otavi Critical Metals Project in Namibia. This acquisition, completed early in the quarter, brings under its control over 390 square kilometres of highly prospective ground in the Otavi Mountain Land Metallogenic Province, a region renowned for its rich polymetallic deposits including copper, lead, zinc, silver, and germanium.

The project area includes granted Exclusive Prospecting Licences that cover advanced prospects such as Border, Driehoek, and Kaskara, each demonstrating significant mineralisation potential. The company has already initiated soil and rockchip sampling programs focusing on ‘Tsumeb type’ copper-silver-zinc deposits, a style of mineralisation historically associated with world-class mines.

Renewed Tenements and High-Grade Discoveries at Nosib

Golden Deeps successfully renewed its key tenements EPL3543 and EPL5496, securing tenure over the original project areas that host the Abenab, Nosib, and Khusib Springs mineral resources. This tenure renewal is critical as it underpins ongoing exploration and development activities aimed at expanding resource bases and advancing towards pre-feasibility studies.

Notably, a detailed review of historical underground channel sampling and drilling at the Nosib discovery has revealed exceptional high-grade gallium intersections, accompanied by copper, vanadium, lead, silver, germanium, and antimony. Some intersections include gallium oxide grades exceeding 300 grams per tonne over multiple metres, highlighting the prospect’s potential as a significant source of this critical metal. The mineralisation remains open along strike, suggesting further upside with additional drilling.

Broader Exploration and Uranium Tenement Applications

Beyond Namibia, Golden Deeps is advancing exploration in New South Wales, Australia, with its Havilah Copper Project and the high-grade Tuckers Hill Gold Project, where access agreements are nearing completion. In Canada, fieldwork continues at the Professor and Waldman cobalt-silver projects within the historic Cobalt Mining Camp.

Additionally, the company’s subsidiary Huab Energy has applied for three Exclusive Prospecting Licences targeting uranium near the Langer Heinrich mine in western Namibia. This paleochannel uranium deposit area is known for significant resources, and the applications signal Golden Deeps’ intent to diversify its critical metals portfolio further.

Financial Position and Outlook

During the quarter, Golden Deeps reported net expenditure of $602,000, including $161,000 on exploration and $250,000 on acquisition costs. The company ended the period with a healthy cash balance of $2.84 million, providing a solid financial foundation to continue its aggressive exploration and development programs.

Looking ahead, the company plans further metallurgical testwork to optimise recovery of gallium, germanium, antimony, and copper from the Nosib saprolite zone. The ongoing exploration and resource expansion efforts across multiple jurisdictions position Golden Deeps as a notable player in the critical metals space, with potential to unlock significant value as global demand for these metals intensifies.