Arcadia Minerals is preparing to begin drilling at its TVC Project as part of a wider strategic reset that includes board changes, new acquisition plans and strengthened focus on gold and critical mineral targets across Namibia.
The company announced that, as part of the new direction, CEO and director Philip le Roux will step down from his roles.
At the same time, non-executive director Johan le Roux will also resign.
Arcadia said both men have played important roles over the years, with Philip credited for building the project portfolio and establishing Arcadia’s technical foundations.
Their departure forms part of an operational review aimed at repositioning the company for accelerated growth.
At the centre of this shift is Arcadia’s plan to conduct drilling at its TVC Project, which includes the Kum-Kum Intrusive Complex, the Tantalite Valley Complex, and the Swanson Tantalum Mining Project.
The company said the project is underpinned by a large body of geological data indicating strong potential for large-scale discoveries of critical and precious metals.
Historical data show intersections of 0.71% Ni, 0.28% Cu, 0.84 g/t Pd and 0.4 g/t Pt over 16m, while recent sediment and LAG sampling further highlight the project’s prospectivity.
The presence of two existing mining licences (ML 77 and ML 223) strengthens confidence that the area could support commercial development.
The TVC Project forms a key component of Arcadia’s Namibian portfolio and aligns with the company’s updated strategic focus on value-accretive growth, particularly in gold and critical minerals.
Arcadia’s investments are held through its diversified project base in Namibia, where the company continues to review opportunities for additional farm-ins or joint ventures to advance exploration while minimising shareholder dilution.
This includes leveraging its holding-company structure to partner with specialised operators in high-potential mineral corridors.
In addition to the TVC drilling programme, Arcadia said it is preparing low-cost test work at the Bitterwasser Lithium Project to resolve conflicting laboratory results on brine mineralisation.
Environmental clearances remain valid for the lithium-in-brines prospects, and exploration permits for the lithium-in-clays prospects run to mid-2027 following renewals.
The company also aims to use previously announced infill results to support the potential reclassification of the Bitterwasser Clay Project’s inferred resource to indicated.
Arcadia’s strategy has also been strengthened by its recently secured farm-in deal with Kaoko Metals Pty Ltd over the Karibib Copper-Gold Project.
The partnership provides a pathway for value-accretive growth without diluting shareholders’ interests. Work on the project is expected to begin in the first quarter of 2026, pending the success of Kaoko Metals’ planned ASX listing.
Executive chairman Jurie Wessels said the company is moving ahead with a refreshed strategy that positions Arcadia for growth across gold, nickel, copper, palladium, platinum, lithium and tantalum targets within its Namibian holdings.
He emphasised that the upcoming drilling at TVC reflects a high-conviction approach backed by strong geological evidence and represents one of several steps aimed at unlocking value from Arcadia’s diversified exploration footprint.
Arcadia maintains that its Namibian project portfolio is in good standing and that the company remains committed to assessing further opportunities to secure partnerships that enhance capital efficiency while advancing exploration and development across its holding-company structure.
