Thursday , June 13 2024

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 a non-binding memorandum of understanding to work together to explore area exclusively covered by White Metal and Kalahari Copper.

“The parties will work in collaboration to see if the concept of small-scale mining would be effective on the Okohongo Cu-Ag deposit (White Metal) and any other prospects within the above mentioned EPLs,” the media brief states.

“I am very encouraged by the potential opportunities to develop small-scale mines within our licences and look forward to working with the group,” Michael Stares, White Metal’s interim president and CEO, said in a statement. “We are also pleased to have received the EEC clearance from the Namibian Government as we can now begin implementing our planned work programs and advance the properties.”

Luxury Investments has been successfully running a small-scale mining operation in Namibia in close proximity to the EPLs held by White Metal and Kalahari.

These operations have produced approximately 200 to 250 tonnes per month of copper concentrate in the past two years at a grade of 30% Cu.

In parallel to these activities, Canada’s White Metal will advance other exploration campaigns in the southwestern African country as it recently received, from the Namibian Government, the required Environmental Clearance Certificates for its Taranis and Altam properties.

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