Identify. Explore. Develop
mineral exploration and development
in sub-Saharan Africa
Namibia
lead, zinc, silver, copper and gold
Mozambique
phosphate and iron ore

Ministerial Visit to Mine Site June 2015

Ministerial site visit, June 2015 attended by a large delegation including the Namibian Minister of Mines and Energy in Namibia, the Honorable Obeth Kandjoze, and the Governor of the Erongo Region, the Honourable Cleophas Mutjavikua

North River is a mineral exploration and development company active in Namibia and Mozambique. The Company is focussed on re-opening its flagship asset, the Namib Lead & Zinc Mine, a fully permitted project near Swakopmund in Namibia and is targeting commencement of production in 2018.

The project has a current JORC resource of 1,120,000 tonnes, with resulting underground in situ metal inventory of:

  • 25,900 tonnes of lead
  • 74,200 tonnes of zinc
  • 1.66 million ounces of silver

NRR proposes a staged mine production development, with a reduced construction capital, ramping up in accordance with the resource expansion resulting from ongoing exploration activities. The new implementation plan proposes a Q1 2018 construction start and with an initial production of 7,200t zinc and 2,500t lead in phase 1 of the project development, with future expansion planned.

The construction period will be less than 1 year with an 8 year mine plan proposed based on a mining inventory of 885kt of ore mined.

The project has a JORC compliant Probable Ore Reserve of 611,000t ore containing 6.6% zinc and 2.3% lead. The project received a 10-year Mining Licence from the Ministry of Mines and Energy in May 2017.

In addition to the Namib project, the Company has numerous other interests in both Namibia and Mozambique covering phosphate, iron ore, copper and gold.