Golden Deeps Limited (“Golden Deeps” or “the Company”) is set to benefit from a joint venture (“JV”) with Hong Kong based Generous Metals Company Limited (“GMC”) to develop the 80% owned Abenab Vanadium-Lead-Zinc Project (“the Project”), located in the Otavi Mountain Land of Northern Namibia.
Under the terms of the JV (which covers only that surface mineralised material identified at the time of the agreement), GMC will fund development and operations at the Project, including a comminution and concentration plant (with the size to be determined), which is planned to produce high grade V2O5-Pb-Zn concentrates from surface material, including stockpiles and tails, to be sent to China for refining.
