Namibia Critical Metals Mobilizing Drill Rigs for First Phase Drilling on Kunene Cobalt-Copper Project
Press Release
Namibia Critical Metals Mobilizing Drill Rigs for First Phase
Drilling on Kunene Cobalt-Copper Project
• 4,000 m drilling program to start first week of October with two drill rigs
• First phase of drilling will test 8-10 target areas based on results of SkyT EM
airborne electromagnetic survey, favourable geological settings and
anomalous geochemical responses of cobalt and copper in soils
• Contingency of 3,500 m of drilling budgeted for follow -up on early stage
discoveries and additional targets identified from on -going evaluation of
geophysical survey results, detailed mapping and infill soil geochemistry
• First results anticipated in late November
Halifax, Nova Scotia September 24, 2018 – Namibia Critical Metals Inc. (“Namibia Critical
Metals” or the “Company”) (TSXV:NMI) today announced that the first phase of drilling will
commence on the Kunene Cobalt-Copper project in northern Namibia starting the first week
of October. Two drill rigs are being mobilized to site with one diamond drill to commence a
2,000 m program starting on the interpreted westward extension of the Dolomite Ore
Formation (“DOF”) which hosts the Opuwo cobalt -copper-zinc deposit, and one rever se
circulation (“RC”) drill to commence testing the Okanihova lineament. The drill program
follows the completion of a detailed airborne electromagnetic (“EM”) survey covering over
720 km2 of the project area (company press release August 27, 2018). A primary objective of
the airborne EM survey was to delineate specific targets for drilling. The first phase program
is designed to test as many accessible priority target areas as rapidly as possible along the
DOF Extension, the Okanihova lineament, at Okanihova East and in the vicinity of Malachite
Mountain (Figure 1). First analytical results are anticipated to be received in late November.
Don Burton, President of Namibia Critical Metals, stated “We have a prolific number of targets
to assess at Kunene and this first phase of drilling is designed to quickly zero in on the most
prospective target areas to which we could build access tracks over the past month. The
diamond drill is being deployed to the DOF extension targets because we need to understand
the detailed stratigraphy in order to recognize the DOF, which is a relatively narrow target.
The RC drill is being directed to larger scale targets, often under cover where we can quickly
determine the need for follow -up definition with diamond drilling. Given the scale of the
project area we will not be able to get to priority targets in the western areas until early
2019.”
2
Overview of Drill Targets
The Kunene project area is characterized by widespread base metal and associated
mineralization occurring in discrete sedimentary horizons such as the DOF where Co -Cu is
associated with disseminations and veinlets of sulphide minerals, as well as orogenic copper,
and stratabound Zn-Pb-Ag-V mineralization. The stratabound DOF hosts the Opuwo Co-Cu-
Zn deposit which occurs on the contiguous ground held by Celsius Resources (“Celsius”) where
it has been traced for over 35 kilometers. This stratigraphic package is interpreted to continue
across the Kunene Project area and has now been clearly identified by the airborne EM survey
over a strike length of 20 kilometers (Figure 1). Ground truthing in the eastern end where the
stratigraphy crosses from the Celsius ground has found DOF-like subcrops and samples have
been submitted for analysis. The continuing westward extension of the stratigraphy is subject
to ground truthing that will be undertaken in early 2019.
Figure 1 – Kunene Co-Cu Project Area showing SkyTEM airborne survey area (white dash) and preliminary EM
conductor picks for 5 -10 channel and > 10 channels responses. Responses for < 5 channels not shown. Channel
responses are provided in picovolts/meter. Background image is total magnetic intensity from the Namibian
Geological Survey database combined with satellite surface topography.
The Okanihova lineament is a well defined structure with strong cobalt -copper geochemical
anomalies over its northeastern extremity, however the structure is largely under cover for
over 10 kilometers to the southwest. The SkyTEM survey has shown continuous EM responses
along its entire strike and drilling will target coincident EM responses with anomalous cobalt-
copper in soils as well strong EM responses in the southwest that are under cover. Okanihova
East appears to be the eastern continuation of the Okanihova lineament with favourable black
shale host rocks and more discrete (1 -3 kilometer) EM responses. The Malachite Mountain
3
area is situated at the northeast end of the Okanihova lineament . Malachite Mountain has
been pr eviously tested by drilling and is known to host low grade but extensive copper
mineralization. EM responses are weak in areas of known mineralization and more detailed
evaluation of the geophysical data is being undertaken to model deeper and to assess stronger
responses proximal to Malachite Mountain.
The Opuwo Deposit
The Opuwo deposit is the first primary cobalt discovery in Namibia and has demonstrated the
potential for this part of northern Namibia to become a significant cobalt district. Celsius has
reported that the Opuwo deposit hosts a maiden JORC compliant resource of 72.0 million
tonnes at a grade of 0.11% cobalt, 0.42% copper and 0.41% zinc in the Indicated category,
and a further 40.5 million tonnes at a grade of 0.12% cobalt, 0.41% copper and 0.46% zinc
in the Inferred category. It is noted that the mineralization on the Celsius property may not
be indicative of mineralization that may be found on the Kunene project area held by Namibia
Critical Metals. Celsius is working towards delivery of a Scoping Study on Opuwo in Q4 of
2018 (Celsius press release June 22, 2018).
Donald M. Burton, P.Geo. and President of Namibia Critical Metals Inc., is the Company’s
Qualified Person and has reviewed and approved this press release.
About Namibia Critical Metals Inc.
Namibia Critical Metals Inc. holds a diversified portfolio of exploration and advanced stage
projects in the country of Namibia focused on the development of sustainable and ethical
sources of metals for the battery, electric vehicle and associated industr ies. The common
shares of Namibia Critical Metals Inc. trade on the TSX Venture Exchange under the symbol
“NMI”.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
For more information please contact -
Namibia Critical Metals Inc.
Don Burton, President
Tel: +01 (902) 835-8760
Fax: +01 (902) 835-8761
Email: [email protected]
Web site: www.NamibiaCriticalMetals.com
The foregoing information may contain forward -looking information relating to the future performance of Namibia Rare Earths Inc. Forward -
looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ
materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.
-30-