# Mining News in Namibia

Canonical page: https://atlas-extractions.minestarters.com/news?regions=namibia

Atlas summarizes and classifies mining-industry stories from third-party publishers. Follow each source link for the original reporting.

Results: 55
Returned: 10
Coverage: drill results, resource updates, and metallurgy; primary commodity matching; all time unless dates are supplied.
Region: Namibia (namibia)
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## Asarian Energy, Norasa Project - EPL 3638 Renewed for Namibplaas Uranium Deposit

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/asarian-energy-norasa-project-epl-3638-renewed-for-namibplaas-uranium-deposit--47bf8a7a-a877-498f-a86d-dcd5e0eb85a2) · [Markdown](https://atlas-extractions.minestarters.com/news/asarian-energy-norasa-project-epl-3638-renewed-for-namibplaas-uranium-deposit--47bf8a7a-a877-498f-a86d-dcd5e0eb85a2.md)
- Original announcement: 2026-09-24T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Asarian Energy Limited (ARN)
- Original source: [newsfile](https://www.newsfilecorp.com/release/315829/Asarian-Energy-Norasa-Project-EPL-3638-Renewed-for-Namibplaas-Uranium-Deposit)
- Atlas sentiment: 0.226
- Atlas tags: Permit Renewal, Inferred Resource, NI 43-101 Compliant

Asarian Energy has secured a two-year renewal of its EPL 3638 licence for the Namibplaas uranium deposit in Namibia. The company plans to conduct additional drilling through December 2026 to upgrade the current Inferred resource to the Indicated category and potentially update its 2015 DFS.

## StockTake: Kaoko steps up Chalkos drilling as copper footprint grows

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/stocktake-kaoko-steps-up-chalkos-drilling-as-copper-footprint-grows--01c0efe5-7e57-47e1-8263-490a2a7fe6b9) · [Markdown](https://atlas-extractions.minestarters.com/news/stocktake-kaoko-steps-up-chalkos-drilling-as-copper-footprint-grows--01c0efe5-7e57-47e1-8263-490a2a7fe6b9.md)
- Original announcement: 2026-09-24T01:56:01.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Kaoko Metals (KAO)
- Original source: [stockhead](https://stockhead.com.au/stockhead-tv/stocktake/stocktake-kaoko-steps-up-chalkos-drilling-as-copper-footprint-grows/)
- Atlas sentiment: 0.267
- Atlas tags: exploration_5

Kaoko Metals is expanding its maiden drilling campaign at the Chalkos copper-silver project in Namibia, targeting at least 15,000m of drilling. Five diamond holes have been completed to date at the Otniel prospect.

## Kaoko expands Chalkos drilling to 15,000m as Donkey Hill grows

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/kaoko-expands-chalkos-drilling-to-15-000m-as-donkey-hill-grows--fe6765e4-f49c-4fa5-90d3-0e52a26b49e7) · [Markdown](https://atlas-extractions.minestarters.com/news/kaoko-expands-chalkos-drilling-to-15-000m-as-donkey-hill-grows--fe6765e4-f49c-4fa5-90d3-0e52a26b49e7.md)
- Original announcement: 2026-09-23T22:54:52.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Kaoko Metals (KAO)
- Original source: [stockhead](https://stockhead.com.au/resources/kaoko-expands-chalkos-drilling-to-15000m-as-donkey-hill-grows/)
- Atlas sentiment: 0.479
- Atlas tags: Step-Out Extension, QA/QC Disclosed

Kaoko Metals is expanding its Chalkos copper-silver drilling campaign in Namibia to at least 15,000 metres following encouraging visual mineralisation at the Otniel prospect. The company is also seeing growth in the mapped surface expression of its Donkey Hill copper target and has recently completed a $20m capital raise to fund these activities.

## Koryx Copper Completes PFS Drill Program, Announces Further Positive Infill Drill Results at the Haib Copper Project in Southern Namibia

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/koryx-copper-completes-pfs-drill-program-announces-further-positive-infill-drill--58793b1c-a54b-4e33-8e95-5fa22983b88b) · [Markdown](https://atlas-extractions.minestarters.com/news/koryx-copper-completes-pfs-drill-program-announces-further-positive-infill-drill--58793b1c-a54b-4e33-8e95-5fa22983b88b.md)
- Original announcement: 2026-09-22T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Koryx Copper S.A. (KRY.V)
- Original source: [orestocks](https://orestocks.com/company/KRY.V/press-releases/6859631530268782)
- Atlas sentiment: 0.542
- Atlas tags: QA/QC Disclosed, QP/CP Signed, Apparent Width Only, Compositing Transparent, Metal Equivalent Opaque, Infill Drilling

Koryx Copper has completed its PFS drill program at the Haib Copper Project in Namibia, announcing further positive infill and expansion drill results from 18 holes totaling 7,074m. The program delivered wide intercepts and some higher-grade zones, particularly near surface in Target Area 3, which are consistent with prior results and will feed into an updated MRE and PFS due by year-end. While most results met expectations, one hole (HM200) did not intersect a predicted high-grade zone, and another (HM198) is expected to marginally reduce mineralized tonnage in its area.

## Koryx Copper Completes PFS Drill Program, Announces Further Positive Infill Drill Results at the Haib Copper Project in Southern Namibia

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/koryx-copper-completes-pfs-drill-program-announces-further-positive-infill-drill--c9213844-325a-40f1-8560-1f956d88a4fd) · [Markdown](https://atlas-extractions.minestarters.com/news/koryx-copper-completes-pfs-drill-program-announces-further-positive-infill-drill--c9213844-325a-40f1-8560-1f956d88a4fd.md)
- Original announcement: 2026-09-22T00:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Koryx Copper S.A. (KRY)
- Original source: [globenewswire](https://www.globenewswire.com/news-release/2026/09/22/3366125/0/en/koryx-copper-completes-pfs-drill-program-announces-further-positive-infill-drill-results-at-the-haib-copper-project-in-southern-namibia.html)
- Atlas sentiment: 0.614
- Atlas tags: None

Koryx Copper has completed its PFS drill program at the Haib Copper Project in Southern Namibia, announcing further positive infill and expansion drill results from 18 holes totaling 7,074m. The drilling confirmed wide intercepts and identified higher-grade zones, especially near surface, aligning with the geological model. The company is now focused on completing an updated Mineral Resource Estimate and Pre-Feasibility Study, both on track for publication by year-end 2026.

## Kaoko fires up second copper drilling front at Chalkos

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/kaoko-fires-up-second-copper-drilling-front-at-chalkos--f98e53ce-e278-430f-ab79-1cc174c884fa) · [Markdown](https://atlas-extractions.minestarters.com/news/kaoko-fires-up-second-copper-drilling-front-at-chalkos--f98e53ce-e278-430f-ab79-1cc174c884fa.md)
- Original announcement: 2026-09-21T02:46:34.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Kaoko Metals (KAO)
- Original source: [stockhead](https://stockhead.com.au/resources/kaoko-fires-up-second-copper-drilling-front-at-chalkos/)
- Atlas sentiment: 0.432
- Atlas tags: Step-Out Extension, Nearology Play

Kaoko Metals has mobilised a second diamond drilling rig at its Chalkos copper-silver project in Namibia to test the Donkey Hill prospect. This expansion follows a recent $20 million capital raise and aims to test the depth of mapped copper mineralisation.

## Ongwe Minerals Intersects High Grade Gold at Belmont Prospect, Khorixas, Namibia

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/ongwe-minerals-intersects-high-grade-gold-at-belmont-prospect-khorixas-namibia--1c1ebb18-9ea7-4acc-ad72-41bf5a4f5c5f) · [Markdown](https://atlas-extractions.minestarters.com/news/ongwe-minerals-intersects-high-grade-gold-at-belmont-prospect-khorixas-namibia--1c1ebb18-9ea7-4acc-ad72-41bf5a4f5c5f.md)
- Original announcement: 2026-09-17T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Ongwe Minerals Inc. (OGW.V)
- Original source: [orestocks](https://orestocks.com/company/OGW.V/press-releases/5141167769701630)
- Atlas sentiment: 0.568
- Atlas tags: Bonanza Intercept, QA/QC Disclosed, Step-Out Extension, Deleterious Elements Present

Ongwe Minerals has intersected high-grade gold at the BK2 target within the Belmont Prospect, Namibia, with intercepts up to 9.21 g/t Au. The company has outlined a 3,500 m follow-up drilling program and is advancing geophysical programs at the K17 copper-gold prospect.

## As yellowcake prices take off, Core Energy expands presence in world-class Namibian province

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/as-yellowcake-prices-take-off-core-energy-expands-presence-in-world-class-namibi--64d7efa6-b482-47a2-b471-28829ee10224) · [Markdown](https://atlas-extractions.minestarters.com/news/as-yellowcake-prices-take-off-core-energy-expands-presence-in-world-class-namibi--64d7efa6-b482-47a2-b471-28829ee10224.md)
- Original announcement: 2026-09-16T20:40:36.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Core Energy Minerals (CR3)
- Original source: [stockhead](https://stockhead.com.au/resources/as-yellowcake-prices-take-off-core-energy-expands-presence-in-world-class-namibian-province/)
- Atlas sentiment: 0.554
- Atlas tags: Step-Out Extension, Nearology Play

Core Energy Minerals (ASX:CR3) has announced a transformational earn-in agreement for a potential 51% stake in the Nova joint venture in Namibia's Erongo region. The deal provides access to high-grade uranium targets, including the Barking Gecko prospect, and is supported by a recent $3m capital raise to fund upcoming drilling and re-assaying programs.

## Ongwe Minerals Commences Maiden Drill Campaign at Its Newly Discovered Nguni Prospect, Namibia

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/ongwe-minerals-commences-maiden-drill-campaign-at-its-newly-discovered-nguni-pro--fe26e032-7f59-4b79-afc1-d3a0fd4975bf) · [Markdown](https://atlas-extractions.minestarters.com/news/ongwe-minerals-commences-maiden-drill-campaign-at-its-newly-discovered-nguni-pro--fe26e032-7f59-4b79-afc1-d3a0fd4975bf.md)
- Original announcement: 2026-09-15T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Ongwe Minerals Inc. (OGW.V)
- Original source: [orestocks](https://orestocks.com/company/OGW.V/press-releases/4716896674212865)
- Atlas sentiment: 0.378
- Atlas tags: Nearology Play

Ongwe Minerals has commenced its maiden drilling campaign at the newly discovered Nguni gold prospect in Namibia. The program includes diamond drilling to test high-grade soil anomalies and RC drilling for strike extension, alongside step-out drilling at the existing Manga Gold prospect.

## Koryx Copper Announces Further Drill Results at the Haib Copper Project in Southern Namibia

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/koryx-copper-announces-further-drill-results-at-the-haib-copper-project-in-south--73b1c82f-60e8-4268-a580-fd8085482477) · [Markdown](https://atlas-extractions.minestarters.com/news/koryx-copper-announces-further-drill-results-at-the-haib-copper-project-in-south--73b1c82f-60e8-4268-a580-fd8085482477.md)
- Original announcement: 2026-09-09T00:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Koryx Copper S.A. (KRY.V)
- Original source: [globenewswire](https://www.globenewswire.com/news-release/2026/09/09/3358502/0/en/koryx-copper-announces-further-drill-results-at-the-haib-copper-project-in-southern-namibia.html)
- Atlas sentiment: 0.614
- Atlas tags: QA/QC Disclosed, QP/CP Signed, Metal Equivalent Opaque, Compositing Transparent, Apparent Width Only, Step-Out Extension, Infill Drilling, Bonanza Intercept

Koryx Copper announced further drill results from its Haib Copper Project in Southern Namibia, reporting assay results for 15 drill holes totaling 6,825m of infill and expansion drilling. The program yielded consistent wide intercepts, including 318m @ 0.49% CuEq and 220m @ 0.40% CuEq, with high-grade zones such as 2m @ 8.01% Cu. The results are being incorporated into an updated Mineral Resource Estimate and Pre-Feasibility Study expected by year-end 2026.

# Atlas tag definitions

- **Bonanza Intercept:** Exceptionally high-grade zone, well above the deposit-type norm.
- **Metal Equivalent Opaque:** Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
- **True Width Disclosed:** Actual thickness perpendicular to structure is stated, not just downhole length.
- **Apparent Width Only:** Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
- **QA/QC Disclosed:** Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
- **Compositing Transparent:** Cut-off grade and internal dilution rules are clearly stated for reported intervals.
- **No QA/QC Disclosure:** Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Step-Out Extension:** Mineralization extended beyond the previously known limit.
- **Infill Drilling:** Confirmatory drilling to raise resource confidence, not new discovery.
- **Stale Data Re-release:** Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
- **Deleterious Elements Present:** A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Nearology Play:** Value premise rests on proximity to a known deposit rather than own results.
- **Measured Resource:** Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
- **Indicated Resource:** Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
- **Proven Reserve:** Measured Resource with demonstrated economic viability after applying modifying factors.
- **Probable Reserve:** Indicated Resource with demonstrated economic viability after applying modifying factors.
- **Inferred Resource:** Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
- **All Inferred:** M&I share below the weak bound — very early stage, no engineering confidence.
- **Tonnage Growth:** Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
- **Grade Improvement:** Average resource grade improved vs prior estimate — better deposit economics.
- **Contained Metal Growth:** True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
- **Category Upgrade:** Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
- **Tonnage Decline:** Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
- **Grade Decline:** Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
- **Contained Metal Decline:** Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
- **Category Downgrade:** Resource confidence decreased — Measured downgraded to Indicated, or Indicated to Inferred. Unusual and concerning.
- **Dilutive Growth:** Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
- **Cut-off Lowered:** Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Stale Estimate:** Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
- **QP/CP Signed:** Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
- **Cut-off Disclosed:** Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
- **JORC Compliant:** Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
- **NI 43-101 Compliant:** Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
- **Historical Estimate Only:** Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
- **No Contained Metal:** Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
- **No QP/CP Disclosure:** No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
- **Maiden Resource:** First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
- **Resource Update:** Revised estimate for an existing resource — compare to prior to assess progress.
- **PEA-Supporting:** Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
- **PFS-Supporting:** Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
- **DFS-Supporting:** Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
- **High Recovery:** Recovery at or above the exceptional band for the commodity and processing route.
- **Pilot Scale Complete:** Pilot or demonstration plant testing completed under continuous operation.
- **Free Milling:** Simple, clean ore amenable to standard processing without oxidation.
- **Multi-Domain Tested:** Variability across ore domains (oxide, transition, fresh) has been addressed.
- **Recovery Improving:** Recovery improved versus a like-for-like prior test program on the same domain and route.
- **Low Recovery:** Recovery below the weak band for the commodity and processing route.
- **Bench Scale Only:** Only preliminary bench tests completed — no locked-cycle or pilot work.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Single Domain Only:** Testing limited to one composite or domain — representativeness not established.
- **Recovery Stagnant:** No improvement across multiple test programs on comparable material.
- **Theoretical Recovery Only:** Only theoretical or liberation-derived recovery reported, with no actual test result.
- **Heap Leach Route:** Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
- **Mill Route:** Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
- **Gravity Route:** Gravity separation forms a material part of the flowsheet.
- **POX/BIOX Route:** Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
- **Byproduct Commodity:** The tested commodity is a byproduct rather than the primary economic driver.
- **DFS Bankable:** AACE Class 2-1 study complete and within the staleness window.
- **PFS Complete:** AACE Class 3 study complete.
- **PEA Only:** Only Class 4 / Initial Assessment economics available. Not bankable.
- **No Study:** No formal economic study — no engineering basis for the economics quoted.
- **Stale Study:** Beyond the staleness window measured from the estimate base date.
- **Inferred Heavy Feed:** Material Inferred share of LOM mill feed, or the share is undisclosed.
- **Resource Governance Undisclosed:** No QA/QC, top-cut methodology or QP independence disclosed. Caps study quality at the moderate tier.
- **NPV Cut vs Prior Study:** A restated study reduces NPV materially against its own predecessor on the same asset.
- **High IRR:** Post-tax real unlevered IRR in the strong tier or better.
- **Low IRR:** IRR below the moderate tier.
- **Below Jurisdiction Hurdle:** IRR below the greenfield or brownfield hurdle for its jurisdiction tier.
- **IRR Basis Undisclosed:** Real vs nominal not stated, so the tier is not comparable across studies.
- **Undervalued PNAV:** Funding-adjusted P/NAV in the strong tier or better.
- **Overvalued PNAV:** Funding-adjusted P/NAV in the red-flag tier.
- **Fast Payback:** Payback in the strong tier or better, on the required basis.
- **Slow Payback:** Payback in the weak tier or worse.
- **Bottom Quartile Cost:** P0-25 of the relevant commodity cost curve.
- **Top Quartile Cost:** P75-100 of the relevant commodity cost curve — first to cut in a downturn.
- **Cost Basis Undisclosed:** By-product vs co-product not stated, so quartile placement is unreliable.
- **Low Capital Intensity:** Below the benchmark for its project type.
- **High Capital Intensity:** Above the benchmark for its project type.
- **Conservative Pricing:** Conservative on the worst of the spot, 3-year and consensus comparisons.
- **Aggressive Pricing:** The study only works on a stretched price deck.
- **No Price Sensitivity:** No price sensitivity disclosed — treated as a deliberate signal, not a neutral gap.
- **No Discount Rate Sensitivity:** Blocks NPV normalisation to the common rate without reconstruction.
- **Price Deck Unstructured:** Prices given only as free text, so conservatism cannot be scored.
- **Long Reserve Life:** Reserve life index in the top tier of the single ladder.
- **Short Reserve Life:** Reserve life index in the critical tier.
- **Resource Life Upside:** Wide gap between reserve life and resource life — conversion upside rather than discovery dependence.
- **Fully Funded:** Funding coverage at or above 1.0x counting committed facilities only.
- **Material Funding Gap:** Funding coverage below the substantially-funded band.
- **Funding Gap Exceeds Market Cap:** Red flag regardless of headline NPV — the upside is not reachable by the current equity holder.
- **Encumbered by Stream:** An existing stream or royalty reduces attributable NAV and restricts future financing.
- **Stability Agreement:** Fiscal terms fixed, with a term covering the mine life.
- **High Government Take:** Total government take above the regional norm as a share of pre-tax cash flow.
- **Fully Permitted:** Key permits granted with no unresolved challenge.
- **Permit Challenge Outstanding:** An appeal or legal challenge is unresolved, which can defer first production indefinitely.
- **No Community Agreement:** Permits held but no IBA or benefit agreement — the start date is unsupported.
- **Closure Underprovisioned:** Closure provision materially below peers, unfunded, or undisclosed.
- **Upstream TSF:** Upstream tailings construction, which is banned in Brazil and Ecuador.