Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Golden Deeps (GED) launches a major development study for its Abenab and Nosib battery metals projects in Namibia
  • The study will establish the viability of mining vanadium with copper, lead, zinc and silver ore from the Abenab and Nosib resource areas to produce a high-grade concentrate
  • The concentrate will then be processed to produce high-value vanadium and base metal by-products for the the renewable energy and battery industries
  • This work will include a scoping study and subsequent pre-feasibility study with the overall aim of growing Golden Deeps’ resource base and expanding production from a centralised processing operation
  • Company shares are steady and are trading at 1.4 cents at 12:20 pm AEST

Golden Deeps (GED) has launched a major development study for its Abenab and Nosib battery metals projects in Namibia.

The study will assess the potential of mining vanadium with copper, lead, zinc and silver ore from the Abenab underground resource and a maiden Nosib open-pit resource to produce gravity concentrate onsite.

The high-grade concentrate will then be downstream processed at a separate facility to produce vanadium products for vanadium redox flow batteries (VRFBs) as well as copper, lead, zinc and silver by-products.

Golden Deeps appointed South Africa-based Bara Consulting to carry out the first stage, which is a scoping study.

The scoping study will integrate resource estimation with metallurgical testwork and initial mining studies to provide mining, infrastructure and processing conceptual design and cost inputs for the next stage.

Stage two will be a pre-feasibility study (PFS) that will generate a fully integrated mining plan to be incorporated with cost information, and infrastructure and processing designs, to produce the PFS cashflow model.

The PFS will aim to establish the value and viability of developing a high-grade operation and support a definitive feasibility study and mining lease applications.

Golden Deeps CEO Jon Dugdale said the company is “very excited” to get the study underway.

“We see this as just the start of our integrated development strategy, that, through establishing mining and processing operations in parallel with an aggressive exploration program, will grow our resource base and allow us to expand production from a centralised processing operation,” Mr Dugdale said.

Company shares were steady to trade at 1.4 cents at 12:20 pm AEST.

GED by the numbers
More From The Market Herald
The Market Herald Video

" Inca Minerals (ASX:ICG) announces Adam Taylor as Chairman, restructures board

Inca Minerals (ASX:ICG) yesterday announced a restructure to its board, with Adam Taylor appointed as Chairman.

" Anson Resources (ASX:ASN) expedites resource upgrade at Paradox, US

Anson Resource (ASX:ASN) announces plans to expedite its JORC Resource upgrade at the Paradox lithium project…
The Market Herald Video

" CI Resources (ASX:CII) buys 60pc interest in Singapore fertiliser trader for $4.4m

Phosphate specialist CI Resources (ASX:CII) has officially completed its $4.4 million purchase of a 60 per…
The Market Herald Video

" Paradigm Biopharmaceuticals (ASX:PAR) activates first UK site for phase three clinical trial

Paradigm Biopharmaceuticals (ASX:PAR) has activated its first trial site in the United Kingdom for a third-phase…