The Namibian Copper Project spans four Exclusive Prospecting Licences in Namibia’s Kaoko Basin, covering an area of approximately 1,106 square kilometres.
The project is located in the Kunene Region of north-western Namibia, near Opuwo.
This part of the Kaoko Belt is characterised by rugged hills, semi-arid plains, and a network of ephemeral riverbeds that crisscross the landscape.
Access is via sealed roads leading into Opuwo, the regional capital, with gravel tracks radiating outward to connect exploration camps and drill sites.
For logistics, Opuwo provides the primary base of support, with accommodation, mechanical workshops and local contractors.
Geologically, the Kaoko Belt is an extension of the Damara Orogen, hosting sedimentary sequences that date back to the Neoproterozoic.
Within these sequences, basin margins and structural traps have concentrated copper mineralisation in stratabound horizons.
The Namibian Copper Project licences cover ground where these formations outcrop at the surface and dip gently beneath younger cover.
The mineralisation is sediment-hosted, with copper sulphides such as chalcocite, bornite and chalcopyrite forming along reduced horizons.
Silver is present as a natural by-product, adding credit to the copper system. The geology is considered analogous to the Central African Copperbelt, which underpins world-class copper production further north.
The project was founded under Kalahari Copper Limited, a company established in 2015.
From the outset, Kalahari Copper sought to establish a presence in Namibia and Botswana, acquiring licenses through direct applications and assembling a portfolio across the two countries.
The Namibian Copper Project became the company’s flagship outside Botswana, offering an opportunity to explore copper systems in an underexplored but prospective frontier.
Exploration intensified in 2023 and 2024, when more than 8,000 metres of drilling were completed across the project.
At the Omatapati prospect, drilling confirmed the presence of broad and continuous copper zones. Hole OPR002 recorded a standout intercept of 1.2% copper across 20 metres between 80 and 100 metres in depth, a result considered significant for sediment-hosted systems in the Kaoko Belt.
The hole also returned additional mineralised intervals higher up the hole, including 1.1 per cent copper over 4 metres from 52 to 56 metres, and 1.9 per cent copper over 2 metres from 72 to 74 metres.
Together, these results suggest a stacked sequence of mineralised horizons rather than a single narrow zone, thereby increasing the potential for volume and continuity at Omatapati.
The combination of wide intersections with consistent grades and narrower, higher-grade bands suggests potential for both bulk tonnage and selective mining approaches as the project advances.
At the Ondera prospect, exploration highlighted mineralisation closer to the surface. Hole ONR019 intersected 1.4 per cent copper over 1 metre from 45 to 46 metres, confirming the presence of copper sulphides within shallow sedimentary layers.
While narrower in width than Omatapati, the Ondera intercept demonstrates that copper mineralisation extends across multiple licence blocks within the Namibian Copper Project.
Additional drilling will be required to test the lateral continuity of the Ondera zone and establish whether it connects to broader systems similar to those at Omatapati.
By September 2025, the project’s ownership was set to change. Oscillate Plc and Kalahari Copper announced revised Heads of Terms under which Oscillate would acquire Kalahari Copper Limited in full, securing 100% control of the Namibian Copper Project, together with its Botswanan interests.
The deal provided a clear pathway for Oscillate to consolidate a significant exploration position in the Kaoko Basin.
Under the updated agreement, Oscillate paid a non-refundable deposit of £500,000, equal to about N$11.6 million. The primary consideration will be delivered through the issue of new Oscillate shares, representing 30 per cent of the company’s current issued share capital, to Kalahari Copper shareholders.
Additional cash milestones of £1.5 million each will be triggered at three stages: the publication of a maiden JORC-compliant resource, the completion of a pre-feasibility study, and a final investment decision.
A further £2 million payment is tied to Oscillate achieving an uplisting to a senior stock exchange.
The agreement also grants Kalahari Copper a 1.9 per cent net smelter royalty on future copper production from the Namibian licences.
Oscillate retains the right to buy back part of the royalty following the completion of feasibility studies.
The Namibian Copper Project has now entered a new phase. With drilling confirming copper at Omatapati, Ondera and other targets, and a binding transaction linking its future to Oscillate, the Kaoko licences are positioned for resource definition and further development.
What began with Kalahari Copper’s foundation in 2015 has progressed into a regional portfolio that is now set to become a key element of Oscillate’s growth strategy in southern Africa.
For the Kunene Region, the project carries the potential to create new employment and business opportunities. Initial exploration has already engaged local suppliers and contractors in Opuwo, and any progression to resource development and mining would bring further demand for skills, services and infrastructure.
Jobs in drilling, construction and mine operations, along with procurement from Namibian companies, are expected to form part of the project’s economic footprint.
