Arcadia Minerals Revamps Leadership, Targets Gold and Critical Minerals Growth

Leadership Transition and Strategic Refocus

Arcadia Minerals Limited (ASX – AM7) has announced significant changes to its leadership team, with CEO Philip le Roux and Non-Executive Director Johan le Roux stepping down as part of a broader strategic realignment. Executive Chairman Jurie Wessels expressed gratitude for their foundational contributions, highlighting their role in building Arcadia’s current project portfolio. This leadership transition signals a fresh phase for the company as it pivots towards value-accretive growth opportunities.

Targeting Gold and Critical Minerals Acquisitions

Arcadia is actively evaluating new acquisition opportunities focused on gold and critical minerals, aiming to complement its extensive Namibian project portfolio. The company’s approach prioritizes projects with asymmetric upside potential while seeking to minimize shareholder dilution. Although these assessments remain preliminary, the strategic emphasis on critical metals aligns with global demand trends and positions Arcadia to capitalize on emerging market dynamics.

Advancing Exploration at the TVC Project

Central to Arcadia’s near-term plans is a 1,000-metre drilling campaign at the Tantalite Valley Complex (TVC) Project, which includes the Kum-Kum Intrusive Complex and the Swanson Tantalum Mining Project. Historical data reveal promising grades of nickel, copper, palladium, and platinum, supported by recent sediment and lag orientation sampling that identified multiple high-conviction targets. The presence of two existing mining leases underscores the project’s established prospectivity, and the upcoming drilling aims to unlock potential large-scale discoveries of critical and precious metals.

Swanson Tantalum Mine Attracts Interest

Arcadia has completed a competitive offtake and funding process for the Swanson Tantalum Mine, attracting multiple interested parties who have engaged with the project data and site visits. Discussions remain ongoing, reflecting the mine’s appeal as an ethical source of tantalum with modest capital expenditure requirements. The project’s bankable feasibility study previously confirmed robust financial outcomes, reinforcing its strategic value within Arcadia’s portfolio.

Progress at Bitterwasser Lithium Project

At the Bitterwasser Lithium Project, the company plans cost-effective test work to resolve conflicting mineralisation results from brine sampling. Environmental Clearance Certificates remain active, and exploration permits for lithium-in-clays have been renewed through mid-2027. Additionally, Arcadia intends to leverage recent infill drilling results to potentially upgrade the inferred lithium resource classification to indicated, enhancing the project’s attractiveness to partners and investors.

Partnerships and Portfolio Management

Arcadia’s strategy of securing farm-in agreements and joint ventures is exemplified by the recently secured deal with Kaoko Metals Pty Ltd over the Karibib Copper-Gold Project. This partnership offers a pathway for growth without diluting existing shareholders and is expected to commence work in early 2026, contingent on Kaoko’s successful ASX listing. The company continues to explore additional partnership opportunities across its Namibian assets, maintaining its portfolio in good standing and well-positioned for future value creation.