Terra Minerals is chasing a copper-gold-rare earth discovery in northwestern Namibia after early field work on its newly secured Project Nantis licence returned high copper grades at surface, unusually elevated cobalt values and a suite of rare earth pathfinder elements consistent with a large mineral system.
Project Nantis, held under EPL 10464, covers about 19,889 hectares in the Khorixas District of the Kunene Region within the Northern Zone of the Damara Orogenic Belt.
The area sits within a broader exploration neighbourhood that includes the Belmont gold prospect and the Lofdal heavy rare-earth deposit, two reference points the company says underscore the district’s discovery potential.
Although the licence is described as greenfield with no mining history on the ground, Terra Minerals argues that the surrounding results and its own sampling indicate the system may be fertile.
Adjacent exploration in the region has reported malachite assays up to 16.25% copper at surface and drill intersections such as 18 metres at 1.72 g/t gold in the Belmont area, which the company uses as evidence that copper-gold mineralisation is already proven in the district.
Terra Minerals’ own October 2025 site visit is presented as a key turning point.
Rock grab sampling confirmed strong copper mineralisation, with values up to 13.90% copper, and silver anomalies up to 66 ppm.
The company also reports iron-rich alteration consistent with an iron-oxide copper-gold style target and says cobalt values reached as high as 5,160 ppm, alongside a rare-earth pathfinder suite including niobium, tantalum, zirconium, yttrium and thorium.
The project is being positioned as a multi-commodity play, with Terra Minerals describing the geological setting as favourable for both orogenic gold and IOCG-style copper-gold mineralisation due to major thrust faults and deformed metamorphic host rocks such as schist, quartzite and marble.
The company also points to the proximity of the Lofdal carbonatite complex, roughly 30 to 35 kilometres to the south, as a regional indicator that rare earth potential is present in the wider belt.
Terra Minerals says the groundwork leading into Nantis includes extensive regional geochemical coverage completed between 2019 and 2022 by the Belmont/Khorixas team, which collected more than 2,000 calcrete samples and nearly 1,000 soil samples on regional grids. The company says it has since consolidated historical and recent geological data and mapped exploration information held by the Ministry of Mines, noting that sampling during the Belmont Gold Project identified anomalies on EPL 10464.
