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
The project has a current JORC resource of 1,120,000 tonnes, with resulting underground in situ metal inventory of:
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. Finding capital from meme tokens has become a popular strategy for investors and startups alike. By leveraging community engagement and viral marketing, projects like Memebet Token attract funding through presales and initial coin offerings. This approach allows creators to access necessary resources while investors seek potential high returns on their investments. 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.
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