https://newsletter.mw.creamermedia.com
Botswana|Contractor|Copper|Gold|Mining|PROJECT|Projects|Underground|Drilling
Botswana|Contractor|Copper|Gold|Mining|PROJECT|Projects|Underground|Drilling
botswana|contractor|copper|gold|mining|project|projects|underground|drilling

African Pioneer raises funds for Namibia project

10th February 2025

By: Creamer Media Reporter

     

Font size: - +

London-listed African Pioneer, which owns projects in Namibia, Botswana and Zambia, has raised £420 000 from existing and new shareholders to further develop its Ongombo copper/gold project, in Namibia.

The proceeds will be used for the analysis of gold distribution and association with copper and/or magnetite quartzite and orebody-wide assessment of gold distribution ahead of planning drillholes to test areas with only low-density gold assay analysis; and engagement with external mining and resource advisers who have provided updated resource estimates for the openpit mineralisation and who will provide recommendations for infill drilling and collar locations that will maximise increases in the global resource. 

Further, the proceeds will be used to fund planning discussions with the preferred mining contractor for both openpit and underground mining; production scheduling for the 930 000 t openpit; and detailed assessment using external advisers reviewing a range of development options leading to the presentation, to the board, of a proposed development plan. 

African Pioneer will also use some of the funds for activities at its projects in Zambia and Botswana.

 

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 March 2025
Magazine round up | 21 March 2025
21st March 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.131 0.205s - 144pq - 2rq
Subscribe Now