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moving forwards

Namibia Critical Metals Inc. has announced the filing of the updated NI 43-101 mineral resource estimate (MRE) for the Lofdal Heavy Rare Earth Project on SEDAR. The Lofdal project, located in northern Namibia, is a joint venture between Namibia Critical Metals and Japan Oil, Gas and Metals National Corporation (JOGMEC) Lofdal stands out as one of only two primary xenotime projects under development globally. The deposit has significant potential for producing dysprosium and terbium, the two most valuable heavy rare earth elements used in high-powered magnets. The joint venture with JOGMEC underscores Lofdal’s promise as a long-term, sustainable supplier of heavy rare earths critical to Japan’s technological and energy sectors. Excellent progress from Darrin Campbell and the team at Innovation News Network partners Namibia Critical Metals Inc.. Read the whole story here at the Innovation News Network website: https://lnkd.in/e_9webZv #namibia #africa #rareearths #rareearthelements #criticalrawmaterials #crm #rareearth

Following our recent AGM, today we announced the milestones linked to our 2024 executive incentive plan. These milestones focus on achieving two key objectives: launching construction of our flagship Koné project by Q1-2025 and further enhancing the project's economics through exploration success, as summarized below:    - 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: Completion of detailed engineering and all other necessary works to allow for a construction launch in Q1-2025 - 𝗣𝗲𝗿𝗺𝗶𝘁𝘁𝗶𝗻𝗴: Obtaining environmental and mining permits - 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴: Securing funding for the launch of the Koné project - 𝗘𝘅𝗽𝗹𝗼𝗿𝗮𝘁𝗶𝗼𝗻: Advancing exploration on higher grade satellite deposits with the goal of delineating resources by year-end. #accountability #goldmining #valuecreation

GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) has secured an option to acquire a 51% interest in the Lundazi exploration license in Zambia. The Lundazi License spans 817.9 square kilometers and is recognized for its uranium-rich formations. It is part of a strategy to increase the exploration footprint within Zambia, particularly in regions known for Karoo Supergroup sandstone deposits. The Lundazi area is said to have geological similarities to GoviEx's Muntanga project, where the company is progressing with a feasibility study expected later this year. The study is crucial for moving forward with project financing and could lead to production within two... http://ow.ly/K6si105I7kQ

European Metals (ASX: EMH) Holdings said a new site has been chosen for the lithium processing plant at its Cinovec project in the Czech Republic. After evaluation and preliminary agreement between project company Geomet and the relevant municipal and regional governments, an industrial site at Prunéřov will be used rather than the original choice of Dukla. Prunéřov is the site of the former Prunéřov 1 Power Station, which was decommissioned in 2020, and the Prunéřov 2 Power Station. The site, owned and operated by CEZ, EMH's project-level partner, is considerably larger than the Dukla site and should enable the processing plant to be laid out more effectively, said the statement. Ore from the underground mining operation at Cinovec will be carried by conveyor to Dukla and loaded onto trains for transport to Prunéřov (approximately 59 km) using existing rail facilities. More at #Proactive #ProactiveInvestors #europeanmetals http://ow.ly/byB6105qMkg

Paraguay Exploration Alert! Molecular Energies PLC (operator, 50%), in partnership with CPC Corporation, Taiwan, has spud the Tapir X-1 well on the Pirity block, in Paraguay's Chaco region. This is the first well drilled in the country since Amerisur's unsuccessful Jaguerete-1 well in 2016. It's rare that onshore exploration creates excitement, but there has never been a discovery in Paraguay - this is one to watch. The well is high-risk and drilling activity in Paraguay is limited. However, the Tapir prospect is on trend with the Palmar Largo oil field, which lies 40km to the west in Argentina, and has been producing since 1984. The operator believes a success case de-risks adjacent targets with >260 MMbbl of potential resource (Pmean, unrisked).

Joint Venture partners, Xanadu Mines Ltd (operator) and Zijin Mining Group target commercial production from Kharmagtai #copper #gold, by late CY27. It is one of the very few copper projects of this scale and stage of #development capable of delivering production before mid-2030s; a testament to #Mongolia and its supportive #ESG environment. Key activities towards achieving our shared goal, include: • Soon-to-be completed PFS; on target for delivery during September Qtr CY24. • PFS alignment with Zijin’s Feasibility Study (progressing in parallel) firmly positions it towards final construction decision. • Also, currently underway, the Mongolian Feasibility Study (TEZU) & Detailed Environmental Impact Assessment (DEIA) provide the groundwork for the very structured and straightforward Mongolian permitting process, a precursor for construction. Discover more: https://loom.ly/YnOhY6c #XanaduMines #XAM #ASX #TSX

Boodanoo Project is set to expand by 160% with an application lodged for "Boodanoo Northeast" which is an 80km2 lease. Infill and extensional geochemistry planned along a previously defined 2km long Lithium Caesium Tantalum (LCT) target, using a systematic, new generation exploration practice. The Boodanoo Project is prospective for gold, nickel, copper & PGE. Chairman, Peter Lewis, commented: “The inclusion of this tenement to the Boodanoo Project significantly enhances the Company’s potential to add new gold, nickel, copper and PGE targets. We have already experienced early-stage success at the Boodanoo Project with the LCT pegmatite zone identified to the southwest, however, the area remains open into the ground we have lodged an application for. To build on the early success at Boodanoo, we will soon remobilise to further investigate the zone, but now with an opportunity to expand exploration activities into the Boodanoo Northeast tenement. Our strategy is to provide shareholders with extensive exploration opportunities at the expanded Boodanoo Project, together with our key Bulga and Julimar West Projects.” Read the full ASX announcement: https://lnkd.in/gQE6DGDP

PACKAGED AND READY FOR THE WEEK About our cover story: We speak to Orano Mining Namibia's spokesperson, Christine Visser-De Klerk, about the Erongo Desalination Plant's capacity to provide water to the mines. This follows reports that Husab Mine lost 39 production days, while Rössing Uranium lost 59 about a year ago. We also carry a study by the German Society for Chemical Apparatus, Deutsche Gesellschaft für chemisches Apparatewesen, titled Green-H2 Namibia Feasibility Study for Green Hydrogen in Namibia Report on desalination, brine treatment options, disposal options, and its potential impacts on maritime life. President Nangolo Mbumba says he is honoured to finish the late Hage Geingob's journey, and De Beers Group CEO Al Cook is confident that the diamond company will survive the post-Anglo-American unbundling. Oil companies operating in Namibia will soon not be importing liquid mud from Angola after SLB and Baker Hughes' plans to set up plants at Walvis Bay. Trekkopje Uranium Mine has been under care and maintenance for a long time, but Orano Mining Namibia says they are not selling, and the mine remains one of the company's biggest projects. Monasa Advisory and Associates founder, Jason Kasuto, CDFA says Namibia requires a forward-looking, fit-for-current, and future-purpose oil and gas industry value blueprint and strategy beyond policy and legislative alignments. Namibia Green Hydrogen Programme, head of policy, planning, and strategy Joseph Mukendwa says there are synergies in the skills needed in the green hydrogen sector and in the oil and gas sector.  We have a new section where we profile mining companies, and this week we start with Great Quest, which wants three gold projects in Khorixas from Belmont Mineral Exploration (PTY) Ltd. The company's CEO, Jed Richardson, is happy with the acquisition. #mining #energy #Namibia The Extractor Magazine Orano Limited #BelmontMineralsExploration #GreenHydrogenProgramme Orano DS World Hydrogen Summit & Exhibition Namibian Ports Authority - Namport Ahmed Elbehery #TokunboAzeez Ilke Platt

Oriole Resources PLC (AIM:ORR) said it will shortly undertake a review of the project expenditure at the Senala gold project in Senegal and decide the next steps, where partners AGEM and Managem Group have just completed a six-year earn-in period. The AIM-listed company currently has an 85% interest in Stratex-EMC, the vehicle that holds the Senala exploration licence.   AGEM Senegal Exploration, a wholly-owned subsidiary of Managem, has spent roughly US$5.8 million on developing Senala since an option agreement was signed in early 2018.  Managem said AGEM's beneficial ownership position in the Senala licence is now estimated to be 59%, with Oriole's review aiming to confirm this percentage ownership.  More at #Proactive #ProactiveInvestors#orioleresources http://ow.ly/Oi2s105ilcy