Hope Copper-Gold Project, Namibia

The Hope copper-gold project comprises three exploration licences, EPL5796 (345km²), EPL6605 (579km²) and EPL7170 under application (310km²) covering over 1 200km² of the Matchless Copper Belt within Namibia. Metallurgical test work at the Hope project indicated recoveries of 96% Cu and 84% Au to a 28% Cu grade concentrate via conventional flotation. Apart from extensions to the known deposits, further strong exploration potential is recognised along the substantial strike continuation within the Bezant property, as much of the prospective ground has never been tested by EM geophysical surveying which is the most effective method of identifying buried massive sulphides. The project covers an area of approximately 1 200km² in central Namibia, approximately 100km to the south west of Windhoek, the capital of Namibia, and about 120km to the south east of the major African port of Walvis Bay. The tenures are located in the Namib Desert of Namibia within the Swakopmund District, Erongo Region, accessible by well-maintained gravel roads. The exact co-ordinates are currently not available however the approximate area of location is lat: -24.090126396187973, long: 15.905088699368235.