Namibia-focused diversified explorer, mainly focused on battery metals
Tantalum, Nickel, Lithium, Copper, Gold, Tantalite
The battery metals portfolio under investigation consists of the district scale Bitterwasser Lithium Clays & Brines Projects, the Merensky-type Kum-Kum Nickel & PGE Project, and the Karibib Gold Belt Copper & Gold Project. Also under investigation is the Swanson Tantalum & Lithium Project which is currently undergoing a feasibility study.
The Karibib project also contains significant gold exploration potential. The company’s project portfolio is displayed below.
- The Bitterwasser Lithium Clay project contains a JORC Mineral Resource containing 286,909t of LCE over the Eden Pan, which is one of 14 exposed pans. The nearby Madube Pan exhibits similar lithology and is expected to enlarge the Clay Mineral Resource significantly
- The Bitterwasser Lithium Brines Project has several large district-scale geophysical anomalies pointing towards significant brine deposits, which will be drilled in Q1 and Q2 of 2023
- The Swanson Tantalum project holds the promise to underpin the core value proposition of Arcadia’s character as a diversified explorer and envisions providing early cash flows that could increase shareholder value, by fulfilling expenditure requirements of the exploration assets, when required
- The Swanson Project contains a total indicated and inferred Mineral Resource of 2.59Mt at an average grade of 486ppm Ta2O5 and 0.15% Li2O
- DFS expected in Q1 2023
- Mineralogical studies at the Kum-Kum Nickel Project indicated magmatic-hosted Ni-Cu-PGE massive sulphides. Historical drilling in the 70’s and 80’s, which were drilled up to depths of 200m, returned results of 0.21% – 0.58% nickel over mineralized widths of up to 30m, and 0.30% – 0.50% Copper over the same widths
- Interestingly, PGE sampling on surface returned 0.51g/t – 1.03g/t mineralization
- The Karibib Project contains a 25km structural feature exhibiting significant and anomalous copper and gold mineralization.
- Currently under investigation through drilling