Project overview
About this development
Craton Resources Limited, the Namibian registered subsidiary of the Australian based International Base Metals Limited, is proposing to develop a copper oxide mine, on the farm Groot Omitiomire,120km north east of Windhoek in the Khomas Region in Namibia. Prospecting activities and exploratory drilling have been ongoing since 2007 and a sizeable copper deposit has since been delineated. IBML has planned a two-stage approach to bring Omitiomire into production: Phase 1: The initial project is based on near-surface oxide and mixed oxide-sulphide copper. During Phase 2 Craton expects to be able to develop a larger project based on the deeper sulphide copper resource at Omitiomire plus other copper resources which might be discovered within trucking distance of Omitiomire. The exact co-ordinates are currently not available however the approximate area of location is lat: -21.87318808142878, long: 17.85988219485866. Estimated project value : $38.5 million.
Project at a glance
Omitiomire Copper Mine, Namibia is located in Namibia. The project is classified in the Private sector. Its current recorded stage is Procedural. The recorded project value is R 200 Million+.