New York, United States – Namib Minerals recent milestone listing on the Nasdaq Stock Exchange will facilitate strategic partnerships to make it a leader in Africa of mineral produce, the company’s chief executive Ibrahima Sory Tall said Thursday.
”This achievement marks more than a change in our corporate structure – it is a validation of our vision. The transaction facilitates access to strategic partnerships necessary to advance our mission of becoming a leading, multi-asset producer of gold and green minerals,” Tall said.
”We believe Namib Minerals is ready to become a leader of Africa’s next generation of globally significant mineral producers.”
Namib Minerals which is registered on Nasdaq under the ticker symbol NAMM is an established African gold producer with a portfolio of mining and exploration assets in Zimbabwe and the Democratic Republic of Congo.
Below in detail is Namib Minerals company according to its website:
Namib Minerals’ foundation is built on a portfolio of cash-generating assets. Its anchor operation, How Mine in Zimbabwe, is a fully producing underground gold mine that generated 36.6 koz of gold and approximately US$86 million in revenue in 2024.
With a strong operational track record and existing infrastructure, and assuming sufficient funding is obtained, Namib Minerals believes How Mine is well positioned for expansion. The Company is actively planning to increase the current production capacity to unlock additional value.
Alongside How Mine, the Company is advancing restart plans for the Mazowe and Redwing mines in Zimbabwe. These assets are undergoing enabling works, with the expectation of returning both to production in the near term. Dewatering at Redwing is expected to begin this fiscal year, with parallel infrastructure upgrades continuing at Mazowe.
As of December 31, 2023, Namib Minerals’ three gold assets have a substantial mineral endowment of 1.6Moz of gold in measured and indicated reserves at an average grade of 3.92 g/t Au, and an additional 2.4Moz in inferred resources at 3.57 g/t Au.
In addition to optimizing and restarting existing operations, Namib Minerals expects to organize a series of feasibility studies to facilitate discovery of increased reserves and resources across all three projects. These studies are expected to form the technical foundation for future expansion and help underpin the Company’s long-term production profile.
The Company’s exploration portfolio in the Democratic Republic of Congo comprises an interest in 13 exploration permits targeting copper and cobalt – two critical minerals essential to the global energy transition. This marks an important part of diversifying Namib Minerals’ commodity base while maintaining exposure to structurally robust markets.
Commitment to Operational Excellence, and Shared Prosperity
Namib Minerals operates according to leading international standards, with ISO 14001, 9001, and 45001 certifications for environmental responsibility, quality, and occupational health and safety. The Company is committed to maintaining these standards as it expands, helping to ensure that all new sites operate under its established Operational Excellence framework aligned with these ISO certifications.
Such framework also includes Sustainability, with environmental best practices, and Shared Prosperity, through continuous partnerships with our local communities and governments.