Latest Namibia News

Askari Metals has reported a significant 28% increase in its Burracoppin Gold Project resource, while advancing strategic acquisitions in Africa and completing a $1.1 million capital raise.

Noronex Limited reports promising copper and silver assay results from initial drilling at its Fiesta Copper Project in Namibia, while advancing diamond drilling and expanding exploration licences in Botswana. The company also strengthens its financial position through early option exercises and South32 earn-in funding.

Celsius Resources has locked in a USD 76.4 million bridge loan from the Philippine sovereign wealth fund to advance early development of its flagship MCB copper-gold project, while raising A$3.3 million through a share placement to bolster its balance sheet.

Arcadia Minerals is gearing up for a significant drilling campaign at its Karibib Copper Gold Project while navigating a competitive funding process for the Swanson Tantalum Mine. Strategic partnerships remain central to the company’s growth plans amid cautious lithium market conditions.

Arcadia Minerals has obtained a $150,000 convertible loan facility to maintain working capital and advance development and joint ventures across its key mining projects in Namibia.

Aldoro Resources has reported significant progress at its Kameelburg REE-Niobium Carbonatite Project in Namibia, confirming a substantial polymetallic discovery and expanding its Phase I drilling program with full funding secured.

Pioneer Lithium Ltd has bolstered its uranium portfolio with acquisitions in Colorado and Namibia, confirmed significant mineralisation, and secured $1.62 million to fund exploration under new CEO Michael Beven.

Australian Rare Earths Limited (ASX: AR3) has secured a $5 million government grant to advance its Koppamurra Rare Earths Project, confirmed promising uranium mineralisation at its Overland Project, and raised $3.6 million through a rights issue to accelerate development.

Askari Metals has raised $750,000 through a placement to advance its tin, tantalum, and gold projects in Namibia and Ethiopia, positioning itself for growth in African mineral exploration.

Aldoro Resources has reported significant assay results from its Kameelburg project in Namibia, confirming a large polymetallic deposit rich in rare earth elements, niobium, and molybdenum. The discovery, characterized by extensive mineralization and strategic metal zonation, is shaping up as a potential Tier 1 resource with strong commercial appeal.

Cazaly Resources has exercised its option to earn up to 80% of the Goongarrie Gold Project, initiating planned drilling at key prospects while maintaining a solid cash position of $3.3 million at quarter-end.

Gibb River Diamonds has secured a key mining lease at its Edjudina Gold Project and lodged a mining proposal to kickstart operations at the Neta Prospect, alongside announcing a new JORC Inferred Resource for historic leach pads.