Namib DFS shows low risk and robust economics
The definitive feasibility study (DFS) for Aim-listed North River Resources’ Namib lead/zinc/silver mine, in Namibia, has confirmed that the project is technically low risk and economically robust, the company said last week.
It added that a strong after-tax internal rate of return of more than 50% over the life of the mine and the short payback period justified the development of the project.
"The DFS is a major milestone for [Namib] and North River. The study has gone through an exhaustive process and the project economics are strong. While the mine life is short, so is the payback, as much of the major infrastructure is already in place,” North River MD Martin French said.
According to the DFS, the project will have a yearly throughput of 250 000 t at an average grade of 9% lead and zinc, producing 19 100 t of metal in concentrate.
Silver by-product output is estimated at 280 000 oz/y.
The project has an initial mine life of 3.5 years and resources of 1.25-million tonnes, equivalent to a five-year life-of-mine.
“From known geology, there are good indications that the mine life may be extended, while many deeper and near-mine regional areas have yet to be explored. We are, therefore, hopeful that the value of the project will grow over the coming year and beyond,” French said.
He stated that underground drilling was continuing, with a near-mine exploration programme also planned to start next year.
“The company is now advanced [in terms of developing] the project execution plan for [Namib]. The board will soon formally review the DFS and implementation planning,” French concluded.
Comments
Research Reports
Projects
Latest News
Showroom
Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...
VISIT SHOWROOM
FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
