Arcadia Minerals is counting on the Swanson Tantalum project to generate cash flow to drive exploration and development at its five other projects in Namibia.
HeBei Construction is developing the Swanson Tantalum project in exchange for a 49% stake.
The Swanson Mining Project, currently under construction, is expected to be in production by Q1/2025.
Arcadia Minerals, domiciled in Guernsey, has six projects under 11 EPLs in Karas, Hardap, and Karibib.
The company has an 80% stake in the Swanson project under EPL 5047, which Orange River Pegmatite holds, and another 80% stake in the Kum-Kum project under EPL 7295, which is held by Orange River Pegmatite.
Arcadia has a 68% stake in the Karibib project covered by EPL 4663 under Goas Pegmatite Exploration.
In Hardap, Arcadia has a 50% stake in five licenses: Mbela (EPL 7614), Blokwater (EPL 8101), Lekkerwater (EPL 8102), Kentani (EPL 8103), and Meerkat (EPL 8104), all held by Brines Mining Exploration Namibia.
Lastly, Arcadia Minerals has a 50% stake in three other Hardap licenses: Eden (EPL 5353), Madube (EPL 5354), and Panama (EPL 5358), all held by Bitterwasser Lithium Exploration.
The Bitterwasser Lithium in Clay Project contains a potentially expanding JORC Mineral Resource from lithium-in-clays.
The Bitterwasser Lithium in Brines Project is prospective for lithium-in-brines within the Bitterwasser Basin area.
The Kum-Kum Project is prospective for nickel, copper, and platinum group elements, while the TVC Pegmatite Project is prospective for lithium, tantalum and other associated minerals. The Karibib Project holds copper and gold.
Arcadia Minerals has three pillars: potential development and exploitation of cash-generating assets such as the Swanson mine, use of the possible cash resources from pillar one to explore and potentially transform the company’s exploration assets, and utilisation and development of human capital of industry-specific experience tied with a history of project generation to bring projects to results.
The company says the drill results completed in December 2023 are pending, and at the
For the Bitterwasser Clays Project, a pre-economic assessment is expected to be conducted to determine high-level economics.
There was no movement at the Kum-Kum Nickel Project or the TVC Lithium and Tantalum Project.
However, at the Karibib copper and gold project, indications of significant mineralisation over narrow widths exist, with the prospect of encountering broader mineralisation through additional scout drilling and trenching.
