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Work at Namibia copper-silver project set to commence

White Metal Resources (TSXV: WHM) has announced that it has concluded a transaction with Noronex (ASX: NRX) relating to its Namibian Kalahari Copper Belt ventures, in particular the copper-silver DorWit project. In connection, Noronex has been assigned the rights to the original earn-in agreement made with RZJ Capital Management under …

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Virus vaccine hopes propel copper to a two-year high

Base metals have climbed this month on signs of progress in developing a drug to combat Covid-19, which would help economies reopen and global growth recover. But there are still immediate fears that fresh lockdowns – especially in the US – could bring renewed pressure on economic activity. The Trump …

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White Metal Resources reveal 2020-21 exploration programme in Namibia

White Metal Resources has revealed that the primary objective of the 2020-21 exploration programme is to update historical mineral resources in the Okohongo deposit and complete a technical report and mineral resource estimate compliant with The National Instrument 43-101 (NI 43-101). The TSX-listed company has initiated its 2020-21 exploration programme …

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Trigon’s Namibia copper project resources up to 450%

Mineral resources at Kombat copper project in Namibia are now up with more than 450% from the 7 million tonnes previously calculated in 2018. According to Trigon Metals (TSXV: TM), the total mineral resources are estimated to be at 39.1 million tonnes (including inferred resources). Earlier this month, Trigon outlined …

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PEA estimates 400M tonnes of resources at Haib Copper Project.

An updated preliminary economic assessment (PEA), conducted by METS Engineering Group has indicated mineral resource of 456.9-million tonnes and a grade of 0.31% copper at Haib Copper Project in Namibia. Deep-South Resources reports that using a heap leach treatment operation, its open-pit copper project demonstrates robust economics. The inferred resource …

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African miners partner White Metal Resources for copper exploration in Namibia

African mining companies have entered into a partnership with Canadian company that will see parties working together on examining small scale possibilities in Namibia. According to a press statement, White Metal Resources (TSXV: WHM), Luxury Investments One Hundred and Ninety-Two, Kalahari Copper and Newco Management Team of South Africa signed …

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Higher grade cobalt mineralisation apparent at Celsius’ Opuwo Mine

Australian mining company Celsius Resources this week provided an update on ongoing exploration activities at its 95% owned Opuwo Cobalt Project in the country. In a statement on the company’s website, Celcius said that a zone of higher grade cobalt mineralisation is apparent in the latest drilling results, and is …

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Rare Earths mobilizes airborne survey over Kunene project

Namibia Rare Earths Inc. has contracted SkyTEM Surveys ApS (SkyTEM) to carry out a detailed airborne electromagnetic and magnetic survey covering all the previously identified cobalt targets on its Kunene Cobalt-Copper Project in northern Namibia. According to the company, the survey will cover over 600 km2 and comprises 3,700 line …

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Rare Earths’ finance search swells

Namibia Rare Earths Inc has increased private placement to Cdn$4,000,000, as the company raise capital to fund Kunene Cobalt-Copper. The development comes as a result of investor interest in the company. Rare Earths is increasing the non-brokered private placement previously announced in March from a maximum of Cdn$3,000,000 to a …

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Copper prices to hit ‘rock bottom’ in next two years

Global copper markets will be oversupplied for at least two years, executives at some of the world’s major producers of the metal and traders said recently, casting doubt on the chances of a prolonged rally in prices. That tempered assessment of the market at an industry conference in Shanghai came …

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