Namibia's treasure trove of vital minerals: A new discovery opens up promising economic prospects
Promising results confirm the presence of a metal tunnel
Written by Omnia Hassan
Witnesses Namibia A new step towards strengthening its position in the global vital minerals market, after exploration work in the “Owes” project in the Irongo region revealed promising results confirming the existence of a wide mineral corridor rich in many strategic minerals used in modern industries and clean energy technologies.
The discovery of multiple minerals enhances investment opportunities.
Askar Metals Limited announced that exploration work at the “K9” pegmatite target within the Owais Multi-Mineral Project has shown a continuous mineral extension of approximately 950 meters, enhancing the prospects for a large economic deposit of high strategic value.
The drilling results revealed remarkable concentrations of tin, lithium, tantalum, rubidium and cesium, elements that are gaining increasing importance in advanced technology industries, particularly in the production of batteries, electric vehicles and renewable energy systems.
Promising results that support the future of the project
Samples extracted from the site showed high levels of the discovered metals, with some results recording up to 4050 parts per million of tin, 0.29% of lithium oxide, 215 parts per million of tantalum, in addition to 2380 parts per million of rubidium and 479 parts per million of cesium.
These results came after the implementation of a systematic drilling program at regular intervals of 40 meters between drilling points, which allowed for a more accurate picture of the size and continuity of the mineral system within the targeted area.
A continuous metal passageway, not isolated pockets.
Gino Danna, the company’s CEO, confirmed that the results of the first phase of exploration have strengthened confidence in the quality and size of the mineralization within the K9 area, noting that current data support the hypothesis of a continuous, high-quality mineral corridor, rather than separate clusters of ore.
He explained that this development reduces the risks associated with future drilling operations and increases the project's attractiveness to investors seeking opportunities in the bio-minerals sector.
Namibia on the map of future minerals
The Owais project is located within the Cape Cross-Owais pegmatite belt, one of the world’s most prominent tin, lithium and tantalum-rich geological basins. The project also enjoys a strategic location close to Walvis Bay port and the active Owais tin mine.
With the rapidly rising global demand for vital minerals driven by the expansion of the electric vehicle industry and clean energy technologies, Namibia appears well-positioned to solidify its role as a major African hub for securing the mineral resources needed for the economy of the future.
