Namibia Critical Metals Inc. Project Development
2011
NMI Milestones
NMI (Namibia Rare Earths) spun out from sale of Etruscan Resources to
Endeavour Mining with $28M IPO
2012
Maiden 43-101 Resource on Lofdal Heavy Rare Earth project (6.2 Mt
Indicated and Inferred Resources)
2014
2018
2020
PEA Lofdal Area 4: 1500 t/a TREO production; Capex $175M; NPV
$240M; IRR 53% pre-tax
Acquisition of portfolio of critical metal projects from Gecko Namibia
(Pty) Ltd (now largest shareholder @ 41%): copper, cobalt, tantalum,
niobium, nickel and gold projects
Joint Venture Agreement with Japan Oil, Gas & Metals National
Corporation (JOGMEC) on Lofdal HREE deposit; 16,000 m drilling,
detailed metallurgical test work
January 27, 2020 - NMI announces agreement with Japan Oil Gas and Metals
National Corporation (JOGMEC) to jointly develop the Lofdal HREE project. First
term commitment of CD$3M to double resource size and advance metallurgical
flowsheet; second term option to fund CD$7M to acquire 40% interest and
third term option to fund CD$10M to acquire additional 10% interest; option to
purchase 1% for CD$5M to reach 51%; right to fully fund to production and
offtake at market prices
NAMIBIA
CRITICAL METALS INC.
JOGMEC
TSX-V:NMIView entire presentation