Golden Deeps Raises $3.54M Amid Spectacular 42.7% Copper Surface Results
Golden Deeps Ltd reports outstanding high-grade copper, silver, and critical metals results from its Central Otavi Project in Namibia, alongside a $3.54 million capital raise to fund ongoing exploration.
- Exceptional surface channel sampling with up to 42.7% copper and 1,353 g/t silver
- Diamond drilling underway with promising mineralised core samples
- Induced Polarisation survey identifies deeper sulphide targets analogous to Tsumeb
- Graceland mineralised corridor extended to 3km strike length
- Successful $3.54 million capital raising strengthens cash position above $5 million
Exceptional Surface Sampling Highlights
Golden Deeps Ltd (ASX – GED) has delivered a strong exploration update for the December 2025 quarter, centred on its recently acquired Central Otavi Project in northern Namibia. The company’s focus on the Graceland prospect has yielded spectacular surface channel sampling results, with copper grades reaching as high as 42.7%, silver up to 1,353 grams per tonne, and significant concentrations of zinc, lead, germanium, and antimony. These findings underscore the prospect’s potential as a high-grade polymetallic deposit within the Otavi Mountain Land, a region historically renowned for world-class mines such as Tsumeb and Kombat.
Advancing Drilling and Geophysical Surveys
Building on surface successes, Golden Deeps has commenced diamond drilling using a newly acquired lightweight rig. Early drill holes beneath the high-grade gossan outcrops at Gossan 1 East have intersected mineralised core, including semi-massive copper sulphides, confirming the surface sampling results. Concurrently, the company completed an extensive Induced Polarisation and Resistivity survey over a 2km section of the Graceland mineralised corridor. This geophysical work aims to identify deeper sulphide targets analogous to the nearby Tsumeb deposit, which historically produced significant copper, lead, zinc, silver, and germanium.
Extending the Mineralised Corridor and Future Drilling Plans
Additional soil and rockchip sampling during the quarter extended the Graceland mineralised corridor to a strike length of 3 kilometres, enhancing the scope for discovery. The integration of geochemical data with 3D modelling of IP-Res anomalies is expected to refine priority drilling targets. Golden Deeps is preparing for a deeper drilling campaign post the Namibian wet season, with contractor quotes in hand and plans to test critical metals-bearing sulphide zones at depth.
Broader Project Portfolio and Financial Position
Beyond Namibia, Golden Deeps continues to advance exploration in Australia’s Lachlan Fold Belt and the historic Cobalt Mining Camp in Ontario, Canada. The company recently completed a $3.54 million capital raising at 8 cents per share, bolstering its cash reserves to over $5 million. This strong financial position supports ongoing aggressive exploration programs focused on critical metals discovery, essential for emerging technologies and clean energy applications.
Outlook and Strategic Significance
Golden Deeps’ December quarter results highlight the company’s methodical approach to unlocking value in underexplored critical metals provinces. The combination of exceptional surface grades, promising drilling results, and advanced geophysical targeting positions the Central Otavi Project as a compelling opportunity. As the company moves towards deeper drilling and resource definition, the market will be watching closely for assay results that could validate a new high-grade polymetallic deposit in a globally strategic location.
Bottom Line?
Golden Deeps’ next drilling results and IP survey modelling will be pivotal in confirming the scale and grade of its Namibian critical metals discovery.
Questions in the middle?
- Will the upcoming deeper drilling confirm the high-grade sulphide mineralisation suggested by surface sampling?
- How will the integration of IP-Res survey data refine the targeting of ‘Tsumeb-type’ deposits at depth?
- What are the timelines and prospects for environmental approvals on the uranium tenements in Namibia?
