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  • Namibian Copper Secures Two Year Extension Of Namibian Exploration Tenement 0 comments
    Jan 10, 2013 8:35 PM

    Namibian Copper (ASX:NCO) has secured a two year extension of its exclusive prospecting licence (EPL 3238) for base, rare and precious metals exploration in Namibia.

    The application for renewal was made with a request for nil area relinquishment as the advancement of the exploration indicates that the whole area is prospective for the potential addition of resource to the project.

    Last October, with a 0.6% cut-off grade, the reclassified JORC compliant resource now includes an inferred resource of 3.75 million tonnes at 1.70% copper, 9 grams per tonne silver and 0.32 g/to gold.

    It also includes a measured and indicated resource of 6.71 million tonnes at 1.52% copper, and 8 g/t silver for a total 10.46 million tonne resource.

    A further 10-12 million tonnes at 1.6-1.8% as a conceptual target resource is envisioned.

    A scoping study to assess the economic viability of developing a stand alone operation for producing copper, silver, and gold concentrates is currently underway.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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