Namibia Critical Metals announces rare earth discovery
(Kitco News) - Namibia Critical Metals said Tuesday that grab samples from its Kunene project returned grades of 9.64% TREO to 26.47% TREO which are highly enriched in neodymium and praseodymium.
The Nova Scotia-based company warns that grab samples are selected samples and are not necessarily representative of the mineralization hosted everywhere on the property.
“This discovery provides Namibia Critical Metals with the foundation for a new light rare earths project. The project complements our
advanced heavy rare earths project at Lofdal which has now firmly secured a strategic partnership with JOGMEC," said Pine van Wyk, CEO of Namibia Critical Metals.
The company completed a PEA on Lofdal, which also has rare earth mineralization. Both Lofdal and Kuene projects are in Namibia.