Golden Deeps is the largest tenement holder in the Otavi Copper Belt, holding over 680km² of Exclusive Prospecting Licences (EPLs) with multiple advanced critical metals projects.
The company owns the Main Otavi Critical Metals Projects, which include the Khusib Springs high-grade copper-silver-zinc-lead (+/- antimony, Germanium) mine and new mineral resources.
There is also the Nosib copper-vanadium-lead-silver (+/- gallium, antimony) discovery and new mineral resource, as well as the Abenab high-grade vanadium-lead-zinc mine and new mineral resource.
The newly acquired Central Otavi Project, which includes zinc-lead-copper mineral resources at Copper-Silver Border, Klein Aub Copper-Silver Mine and advanced prospects at Driehoek (zinc-lead-silver) and Kaskara (vanadium-copper-lead-zinc, germanium), and multiple target areas for ‘Tsumeb type’ copper-lead-zinc-silver deposits with gallium, germanium and antimony potential.
The Nosib Discovery contains high-grade vanadium, copper, lead, silver, and gallium from the surface above a primary stratabound copper-silver sulphide deposit.
The Khusib Springs has very high-grade copper-silver production (300kt @ 10% copper, 584 g/t silver) in the 1990s.
There is potential to expand mineral resources and identify massive sulphides at the Khusib Springs.
Abenab contains a high-grade vanadium (silver, zinc) mineral resource, with a positive mining study and metallurgical testwork indicating that grades of up to 15% vanadium pentoxide, 11% zinc, and 38% silver in a gravity concentrate are achievable.
The newly acquired Central Otavi Acquisition Projects comprise the Border and Kaskara trends, which are high-grade zinc, silver, and copper mineral resources. Kaskara has potential for large-scale resource expansion, including vanadium, as well as copper, lead, and zinc at the surface.
Border is a stratabound dolomite-hosted zinc-lead-silver sulphide deposit defined over a 1.7km strike length with the potential to expand within a 10km mineralised corridor.
Previous intersections include 101m @ 2.12% Zn + Pb, 5.68 g/t Ag from 18m incl. 24m @ 3.59% Zn + Pb (3.0% Zn, 0.59% Pb) and a JORC 2012 Mineral Resource estimate of 16.0 Mt @ 2.12% Zn + Pb & 4.76 g/t Ag Inferred Mineral Resource (1.25% Zn + Pb cut-off).
Previous drilling results at Kaskara include 21.9m @ 0.45% Cu, 5.79% Pb, 1.81% Zn, 2.52% V2O5 from 54m and also included germanium values of up to 1m @ 333ppm Ge (4.89% V2O5, 13.6% Pb, 3.76% Zn, 0.38% Cu) and 2m @ 300ppm Ge (3.91% V2O5, 9.87% Pb, 2.49% Zn, 0.95% Cu).
Golden Deeps has identified six key target areas for follow-up rock chip sampling, soil sampling (complete inductively coupled plasma analysis), and selective geophysics, such as induced polarisation, to detect sulphide deposits.
The company also wants to extend the Khusib Springs copper-silver trend north and parallel to the Pavian trend, as well as the South Ridge prospect anomaly on the Pavian Trend.
