Namibia Critical Metals (TSX-V:NMI, OTCQB:NMREF) has announced the completion of the final phase of drilling for its Pre-Feasibility Study (PFS) on the ‘Lofdal 2B-4’ heavy rare earth project in Namibia.
The rare earths project developer said in total, infill and resource expansion drilling for the PFS phase amounted to 10,823 metres (m) in 56 boreholes drilled over the last months.
“The main aim of the drilling campaign was to significantly increase the measured and indicated resource categories to comply with the requirements of a PFS,” Namibia Critical Metals (TSX-V:NMI, OTCQB:NMREF) president Darrin Campbell said in a statement.
“Beyond this, field logging supports our concept of an extension of the orebody in the southwestern part of Area 4 which demonstrates the potential to unlock further mineralization in future,” he added.
Namibia Critical Metals noted the final drill phase entailed seven very deep reverse circulation (RC) boreholes for 2,597m in the Area 4 main deposit.
The company added that it expects to receive the assays in January 2024 and an updated mineral resource estimate in February 2024.
Namibia Critical Metals is developing the Tier-1 Heavy Rare Earth Project, Lofdal, a globally significant deposit of the heavy rare earth metals dysprosium and terbium.
