Namibia Critical Metals Inc. Announces Positive Pre-Feasibility Study for the Lofdal Heavy Rare Earths Project
Original announcement by tmx on
- Company
- Namibia Critical Metals Inc.
- Ticker
- NMI
- Exchange
- TSX
- Region
- Namibia
- Primary commodity
- Rare earths
- Secondary commodities
- Dysprosium, Terbium, Yttrium, Neodymium, Praseodymium, Lanthanum, Cerium
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-14 15:19:27 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Namibia Critical Metals Inc. announced positive Pre-Feasibility Study results for its Lofdal Heavy Rare Earths Project in Namibia, outlining robust economics with a post-tax NPV of US$275.5 million (Base Case) and US$747.9 million (Divergent Case), and rapid capital payback. The project features significant Measured and Indicated Resources, along with Proven and Probable Reserves of heavy rare earth oxides, underpinned by successful pilot-scale metallurgical test work demonstrating high recoveries for dysprosium and terbium.
Reasoning: The Pre-Feasibility Study for the Lofdal Heavy Rare Earths Project presents compelling economics, supported by substantial resources and reserves, successful metallurgical advancements, and strategic partnerships, positioning it as a significant heavy rare earths producer.
Positive factors
- The Pre-Feasibility Study demonstrates robust economics with strong NPV and IRR figures for both base and divergent cases.
- The project has significant Measured and Indicated Resources, and Proven and Probable Reserves of heavy rare earth oxides.
- Metallurgical test work, including pilot-scale flotation and hydrometallurgical dissolution, shows high recoveries for key heavy rare earth elements.
- The project benefits from a secured mining license, environmental permits, and a strategic joint venture with JOGMEC.
- Successful removal of deleterious elements like thorium and uranium has been demonstrated.
Negative factors
- The project's economics are highly sensitive to metal prices, which are the dominant value driver.
- The presence of deleterious elements, though managed, adds a layer of processing complexity.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 34
Classification and evidence
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The document reports 'Measured Resource Area 4' with 6.6 million tonnes at 0.21% TREO.
Evidence · table
“Measured Resource Area 4”
Context: 6.6
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The document reports 'Indicated Resource Area 4' and 'Indicated Resource Area 2B' with significant tonnages.
Evidence · table
“Indicated Resource Area 4”
Context: 49.2
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports 'Proven' reserves for Area 4 with 6.19 million tonnes.
Evidence · table
“Proven”
Context: Area 4
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports 'Probable' reserves for Area 2B and Area 4 with a total of 25.81 million tonnes.
Evidence · table
“Probable”
Context: Area 2B
QP/CP Signedpositive
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.
Why it applies: The press release explicitly states that Jeremy Witley, William van Breugel, and Joseph M. Keane are Qualified Persons in accordance with NI 43-101 and have reviewed and approved the disclosure.
Evidence · text
“Jeremy Witley (MSc (Eng.) Pr. Sci. Nat.) of The MSA Group Pty Ltd., who is a Qualified Person in accordance with NI 43-101”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The document states that the Mineral Resource Estimate and Mineral Reserve Estimate were prepared in accordance with NI 43-101.
Evidence · text
“NI 43-101 compliant report entitled Pre-Feasibility Study”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Mineral Resource Estimate is reported at a '0.1% TREO cut-off grade' and Mineral Reserves are reported at a 'cut‑off grade of 0.10% TREO'.
Evidence · text
“0.1% TREO cut-off grade”
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The entire document is an announcement of the results of a Pre-Feasibility Study ('PFS').
Evidence · text
“Announces Positive Pre-Feasibility Study”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Hydrometallurgical test work yielded 'high HREE dissolution (94% Tb/Dy)' and XRT sorting achieved 'REE recoveries of 60% to 70%'.
Evidence · text
“high HREE dissolution (94% Tb/Dy)”
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: A 'continuous flotation pilot plant was run' and 'pilot rotary kiln yielded high HREE dissolution', indicating advanced test work.
Evidence · text
“continuous flotation pilot plant was run”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: Ore sorting tests were conducted on 'bulk samples from the hanging wall, the main ore zone and the footwall zone' representing different host lithologies.
Evidence · text
“Sorting tests were conducted separately on bulk samples from the hanging wall, the main ore zone and the footwall zone”
Deleterious Elements Presentnegative · Story-specific tag
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.
Why it applies: The hydrometallurgical flowsheet includes 'impurity removal' for elements like 'thorium, scandium, iron, aluminium and some of the uranium', indicating their presence in the ore.
Evidence · text
“impurity removal, followed by UIX”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("concentrator")
Extracted facts
Stored fact records: 34. Some facts used in scoring do not have a stored record.
Resource Estimates (24)
measuredLofdal Heavy Rare Earths Project · rare_earthsTonnes: 6600000Grade: 0.21Grade Unit: %Contained Metal: 13650Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:da8c44c89d48cbbbb631
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- measured
- Tonnes
- 6600000
- Grade
- 0.21
- Grade Unit
- %
- Contained Metal
- 13650
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Measured Resource indicates high geological confidence and forms a robust foundation for the project.
Positive factors
- High confidence Measured Resource category provides a strong basis for project development.
- Significant contained rare earth oxides.
Evidence · table
“0.21”
Context: 6.6
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLofdal Heavy Rare Earths Project · dysprosiumTonnes: 6600000Grade: 130Grade Unit: ppmContained Metal: 855Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- dysprosium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:da8c44c89d48cbbbb631
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- measured
- Tonnes
- 6600000
- Grade
- 130
- Grade Unit
- ppm
- Contained Metal
- 855
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Measured Resource for dysprosium adds high value and confidence to the project.
Positive factors
- High confidence Measured Resource category for a critical heavy rare earth element.
- Significant contained dysprosium.
Evidence · table
“130”
Context: 6.6
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredLofdal Heavy Rare Earths Project · terbiumTonnes: 6600000Grade: 19Grade Unit: ppmContained Metal: 124Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- terbium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:da8c44c89d48cbbbb631
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- measured
- Tonnes
- 6600000
- Grade
- 19
- Grade Unit
- ppm
- Contained Metal
- 124
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Measured Resource for terbium adds high value and confidence to the project.
Positive factors
- High confidence Measured Resource category for a critical heavy rare earth element.
- Significant contained terbium.
Evidence · table
“19”
Context: 6.6
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLofdal Heavy Rare Earths Project · rare_earthsTonnes: 49200000Grade: 0.15Grade Unit: %Contained Metal: 75730Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:9483396c2322c56c0a1d
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- indicated
- Tonnes
- 49200000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 75730
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Indicated Resource provides a strong basis for economic studies and future reserve conversion.
Positive factors
- Large Indicated Resource tonnage contributes significantly to the project's scale.
- Good confidence in geological continuity.
Evidence · table
“0.15”
Context: 49.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLofdal Heavy Rare Earths Project · dysprosiumTonnes: 49200000Grade: 69Grade Unit: ppmContained Metal: 3391Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- dysprosium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:9483396c2322c56c0a1d
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- indicated
- Tonnes
- 49200000
- Grade
- 69
- Grade Unit
- ppm
- Contained Metal
- 3391
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Indicated Resource for dysprosium enhances the project's value and future economic potential.
Positive factors
- Significant contained dysprosium in the Indicated category.
- Good confidence in geological continuity for a critical metal.
Evidence · table
“69”
Context: 49.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLofdal Heavy Rare Earths Project · terbiumTonnes: 49200000Grade: 11Grade Unit: ppmContained Metal: 528Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- terbium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:9483396c2322c56c0a1d
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- indicated
- Tonnes
- 49200000
- Grade
- 11
- Grade Unit
- ppm
- Contained Metal
- 528
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Indicated Resource for terbium enhances the project's value and future economic potential.
Positive factors
- Significant contained terbium in the Indicated category.
- Good confidence in geological continuity for a critical metal.
Evidence · table
“11”
Context: 49.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLofdal Heavy Rare Earths Project · rare_earthsTonnes: 2700000Grade: 0.16Grade Unit: %Contained Metal: 4350Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:5e76fa0822f4119d87eb
- Deposit or zone
- Area 2B
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- indicated
- Tonnes
- 2700000
- Grade
- 0.16
- Grade Unit
- %
- Contained Metal
- 4350
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Indicated Resource for Area 2B contributes to the overall project resource base.
Positive factors
- Indicated Resource category provides good confidence for this deposit area.
Evidence · table
“0.16”
Context: 2.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLofdal Heavy Rare Earths Project · dysprosiumTonnes: 2700000Grade: 97Grade Unit: ppmContained Metal: 257Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- dysprosium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:5e76fa0822f4119d87eb
- Deposit or zone
- Area 2B
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- indicated
- Tonnes
- 2700000
- Grade
- 97
- Grade Unit
- ppm
- Contained Metal
- 257
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Indicated Resource for dysprosium in Area 2B contributes to the overall project resource base.
Positive factors
- Indicated Resource for dysprosium in Area 2B adds to the project's critical metal inventory.
Evidence · table
“97”
Context: 2.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedLofdal Heavy Rare Earths Project · terbiumTonnes: 2700000Grade: 15Grade Unit: ppmContained Metal: 40Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- terbium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:5e76fa0822f4119d87eb
- Deposit or zone
- Area 2B
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- indicated
- Tonnes
- 2700000
- Grade
- 15
- Grade Unit
- ppm
- Contained Metal
- 40
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Indicated Resource for terbium in Area 2B contributes to the overall project resource base.
Positive factors
- Indicated Resource for terbium in Area 2B adds to the project's critical metal inventory.
Evidence · table
“15”
Context: 2.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLofdal Heavy Rare Earths Project · rare_earthsTonnes: 10500000Grade: 0.14Grade Unit: %Contained Metal: 14950Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:401ddf70ae367054e5e3
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 0.14
- Grade Unit
- %
- Contained Metal
- 14950
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Inferred Resource provides exploration upside but requires further drilling to upgrade confidence.
Positive factors
- Adds to the overall resource base, indicating future potential.
Negative factors
- Inferred category has lower geological confidence and cannot be used for economic studies.
Evidence · table
“0.14”
Context: 10.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLofdal Heavy Rare Earths Project · dysprosiumTonnes: 10500000Grade: 58Grade Unit: ppmContained Metal: 611Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- dysprosium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:401ddf70ae367054e5e3
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 58
- Grade Unit
- ppm
- Contained Metal
- 611
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Inferred Resource for dysprosium provides exploration upside but requires further drilling.
Positive factors
- Adds to the overall dysprosium resource base, indicating future potential.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“58”
Context: 10.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLofdal Heavy Rare Earths Project · terbiumTonnes: 10500000Grade: 9Grade Unit: ppmContained Metal: 97Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- terbium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:401ddf70ae367054e5e3
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- inferred
- Tonnes
- 10500000
- Grade
- 9
- Grade Unit
- ppm
- Contained Metal
- 97
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Inferred Resource for terbium provides exploration upside but requires further drilling.
Positive factors
- Adds to the overall terbium resource base, indicating future potential.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“9”
Context: 10.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLofdal Heavy Rare Earths Project · rare_earthsTonnes: 4400000Grade: 0.15Grade Unit: %Contained Metal: 6650Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:8d522db839cac3791447
- Deposit or zone
- Area 2B
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- inferred
- Tonnes
- 4400000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 6650
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Inferred Resource for Area 2B provides exploration upside but requires further drilling.
Positive factors
- Adds to the overall resource base for Area 2B.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.15”
Context: 4.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLofdal Heavy Rare Earths Project · dysprosiumTonnes: 4400000Grade: 75Grade Unit: ppmContained Metal: 326Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- dysprosium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:8d522db839cac3791447
- Deposit or zone
- Area 2B
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- inferred
- Tonnes
- 4400000
- Grade
- 75
- Grade Unit
- ppm
- Contained Metal
- 326
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Inferred Resource for dysprosium in Area 2B provides exploration upside but requires further drilling.
Positive factors
- Adds to the overall dysprosium resource base for Area 2B.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“75”
Context: 4.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredLofdal Heavy Rare Earths Project · terbiumTonnes: 4400000Grade: 13Grade Unit: ppmContained Metal: 56Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- terbium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeremy Witley
- Resource group id
- resource:8d522db839cac3791447
- Deposit or zone
- Area 2B
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- inferred
- Tonnes
- 4400000
- Grade
- 13
- Grade Unit
- ppm
- Contained Metal
- 56
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2024-04-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Inferred Resource for terbium in Area 2B provides exploration upside but requires further drilling.
Positive factors
- Adds to the overall terbium resource base for Area 2B.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“13”
Context: 4.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLofdal Heavy Rare Earths Project · rare_earthsTonnes: 6190000Grade: 0.068Grade Unit: %Contained Metal: 4194Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William van Breugel
- Resource group id
- resource:a75fbaa20d8d2f824444
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- proven
- Tonnes
- 6190000
- Grade
- 0.068
- Grade Unit
- %
- Contained Metal
- 4194
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2025-12-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Proven Reserve for light rare earths in Area 4 demonstrates high confidence and economic extractability.
Positive factors
- Proven Reserve category indicates high confidence in economic viability.
- Contributes to the overall reserve base for the project.
Evidence · table
“0.068”
Context: 6.19
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLofdal Heavy Rare Earths Project · rare_earthsTonnes: 6190000Grade: 0.144Grade Unit: %Contained Metal: 8893.2Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William van Breugel
- Resource group id
- resource:a75fbaa20d8d2f824444
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- proven
- Tonnes
- 6190000
- Grade
- 0.144
- Grade Unit
- %
- Contained Metal
- 8893.2
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2025-12-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Proven Reserve for heavy rare earths in Area 4 demonstrates high confidence and economic extractability for key project drivers.
Positive factors
- Proven Reserve category indicates high confidence in economic viability for critical heavy rare earths.
- Significant contained heavy rare earths.
Evidence · table
“0.144”
Context: 6.19
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenLofdal Heavy Rare Earths Project · rare_earthsTonnes: 6190000Grade: 0.211Grade Unit: %Contained Metal: 13087.1Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William van Breugel
- Resource group id
- resource:a75fbaa20d8d2f824444
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- proven
- Tonnes
- 6190000
- Grade
- 0.211
- Grade Unit
- %
- Contained Metal
- 13087.1
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2025-12-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Proven Reserve for total rare earths in Area 4 demonstrates high confidence and economic extractability.
Positive factors
- Proven Reserve category indicates high confidence in economic viability.
- Significant contained total rare earth oxides.
Evidence · table
“0.211”
Context: 6.19
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLofdal Heavy Rare Earths Project · rare_earthsTonnes: 1900000Grade: 0.075Grade Unit: %Contained Metal: 1430.3Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William van Breugel
- Resource group id
- resource:88a2a08caf4a90d9b1e3
- Deposit or zone
- Area 2B
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- probable
- Tonnes
- 1900000
- Grade
- 0.075
- Grade Unit
- %
- Contained Metal
- 1430.3
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2025-12-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Probable Reserve for light rare earths in Area 2B demonstrates good confidence and economic extractability.
Positive factors
- Probable Reserve category indicates good confidence in economic viability.
- Contributes to the overall reserve base for the project.
Evidence · table
“0.075”
Context: 1.90
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLofdal Heavy Rare Earths Project · rare_earthsTonnes: 1900000Grade: 0.094Grade Unit: %Contained Metal: 1792.8Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William van Breugel
- Resource group id
- resource:88a2a08caf4a90d9b1e3
- Deposit or zone
- Area 2B
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- probable
- Tonnes
- 1900000
- Grade
- 0.094
- Grade Unit
- %
- Contained Metal
- 1792.8
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2025-12-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Probable Reserve for heavy rare earths in Area 2B demonstrates good confidence and economic extractability for key project drivers.
Positive factors
- Probable Reserve category indicates good confidence in economic viability for critical heavy rare earths.
- Contributes to the overall reserve base for the project.
Evidence · table
“0.094”
Context: 1.90
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLofdal Heavy Rare Earths Project · rare_earthsTonnes: 1900000Grade: 0.169Grade Unit: %Contained Metal: 3223.1Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William van Breugel
- Resource group id
- resource:88a2a08caf4a90d9b1e3
- Deposit or zone
- Area 2B
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- probable
- Tonnes
- 1900000
- Grade
- 0.169
- Grade Unit
- %
- Contained Metal
- 3223.1
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2025-12-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Probable Reserve for total rare earths in Area 2B demonstrates good confidence and economic extractability.
Positive factors
- Probable Reserve category indicates good confidence in economic viability.
- Contributes to the overall reserve base for the project.
Evidence · table
“0.169”
Context: 1.90
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLofdal Heavy Rare Earths Project · rare_earthsTonnes: 23910000Grade: 0.076Grade Unit: %Contained Metal: 18269.3Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William van Breugel
- Resource group id
- resource:7d88226ce773ab464e24
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- probable
- Tonnes
- 23910000
- Grade
- 0.076
- Grade Unit
- %
- Contained Metal
- 18269.3
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2025-12-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Probable Reserve for light rare earths in Area 4 demonstrates good confidence and economic extractability, forming a large part of the project's reserves.
Positive factors
- Large Probable Reserve tonnage contributes significantly to the project's scale.
- Good confidence in economic viability.
Evidence · table
“0.076”
Context: 23.91
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLofdal Heavy Rare Earths Project · rare_earthsTonnes: 23910000Grade: 0.091Grade Unit: %Contained Metal: 21761.6Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William van Breugel
- Resource group id
- resource:7d88226ce773ab464e24
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- probable
- Tonnes
- 23910000
- Grade
- 0.091
- Grade Unit
- %
- Contained Metal
- 21761.6
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2025-12-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Probable Reserve for heavy rare earths in Area 4 demonstrates good confidence and economic extractability, forming a large part of the project's reserves for key drivers.
Positive factors
- Large Probable Reserve tonnage for critical heavy rare earths contributes significantly to the project's scale.
- Good confidence in economic viability.
Evidence · table
“0.091”
Context: 23.91
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableLofdal Heavy Rare Earths Project · rare_earthsTonnes: 23910000Grade: 0.167Grade Unit: %Contained Metal: 40030.7Contained Unit: tView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William van Breugel
- Resource group id
- resource:7d88226ce773ab464e24
- Deposit or zone
- Area 4
- Mining method
- open_pit
- Ownership percent
- 95 %
Resource Data
- Category
- probable
- Tonnes
- 23910000
- Grade
- 0.167
- Grade Unit
- %
- Contained Metal
- 40030.7
- Contained Unit
- t
- Cutoff Grade
- 0.1
- Cutoff Unit
- % TREO
Prior Estimate
- Resource Date
- 2025-12-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Probable Reserve for total rare earths in Area 4 demonstrates good confidence and economic extractability, forming a large part of the project's reserves.
Positive factors
- Large Probable Reserve tonnage contributes significantly to the project's scale.
- Good confidence in economic viability.
Evidence · table
“0.167”
Context: 23.91
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (10)
ore sortingLofdal Heavy Rare Earths Project · rare_earthsRecovery: 70 %Head Grade: 0.17Head Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- ore sorting
- Processing Route
- XRT sorting
- Sample
- low-grade footwall and hanging wall ore
Recovery
- Recovery
- 70 %
- Recovery Basis
- actual_test
- Head Grade
- 0.17
- Head Grade Unit
- % TREO
Lab
- Laboratory
- TOMRA and Rados
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: XRT sorting results demonstrate efficient pre-concentration of rare earths, improving feed grade to downstream processes.
Positive factors
- High recovery achieved through XRT sorting, indicating effective pre-concentration.
- Successful upgrade of low-grade material.
Evidence · text
“REE recoveries of 60% to 70%”
flotationLofdal Heavy Rare Earths Project · rare_earthsRecovery: 70 %View all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
Recovery
- Recovery
- 70 %
- Recovery Basis
- actual_test
- Conc. Grade
- 6
- Conc. Grade Unit
- % TREO
- Mass Pull
- 3.9 %
Lab
- Laboratory
- SGS Lakefield
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Flotation test work shows effective recovery and concentration of rare earths, validating a key processing step.
Positive factors
- High recovery for total rare earth oxides in cleaner flotation.
- Achieved good concentrate grade and mass pull.
Evidence · text
“recovery of up to 70% TREO”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationLofdal Heavy Rare Earths Project · rare_earthsRecovery: 75 %View all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
Recovery
- Recovery
- 75 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- SGS Lakefield
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Flotation achieved excellent recoveries for heavy rare earth elements, which are the primary economic drivers.
Positive factors
- Significantly higher recoveries for high-value heavy rare earth elements.
- Demonstrates effective separation of critical metals.
Evidence · text
“58-75% HREO”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
pilot plantLofdal Heavy Rare Earths Project · rare_earthsRecovery: 55.5 %Head Grade: 0.18Head Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- pilot plant
- Processing Route
- continuous milling and flotation
- Sample
- ROM Bulk-1 sample
Recovery
- Recovery
- 55.5 %
- Recovery Basis
- actual_test
- Head Grade
- 0.18
- Head Grade Unit
- % TREO
- Conc. Grade
- 2.65
- Conc. Grade Unit
- % TREO
- Mass Pull
- 3.8 %
Lab
- Laboratory
- SGS Lakefield
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Continuous pilot plant testing provides high confidence in the scalability and performance of the flotation flowsheet.
Positive factors
- Pilot plant operation successfully validated the flowsheet in a continuous, scaled-up environment.
- Results closely matched benchmark results, confirming viability.
Evidence · text
“total rare earth recovery in the second cleaner concentrate was 55.5% at a grade of 2.65% TREO”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantLofdal Heavy Rare Earths Project · terbiumRecovery: 55.2 %Head Grade: 0.18Head Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- terbium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- pilot plant
- Processing Route
- continuous milling and flotation
- Sample
- ROM Bulk-1 sample
Recovery
- Recovery
- 55.2 %
- Recovery Basis
- actual_test
- Head Grade
- 0.18
- Head Grade Unit
- % TREO
Lab
- Laboratory
- SGS Lakefield
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Continuous pilot plant testing provides high confidence in the scalability and performance of terbium recovery.
Positive factors
- Pilot plant operation successfully validated terbium recovery in a continuous, scaled-up environment.
- Confirms viability for a critical heavy rare earth.
Evidence · text
“average recoveries of terbium and dysprosium were 55.2% and 56.2%”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantLofdal Heavy Rare Earths Project · dysprosiumRecovery: 56.2 %Head Grade: 0.18Head Grade Unit: % TREOView all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- dysprosium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- pilot plant
- Processing Route
- continuous milling and flotation
- Sample
- ROM Bulk-1 sample
Recovery
- Recovery
- 56.2 %
- Recovery Basis
- actual_test
- Head Grade
- 0.18
- Head Grade Unit
- % TREO
Lab
- Laboratory
- SGS Lakefield
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: Continuous pilot plant testing provides high confidence in the scalability and performance of dysprosium recovery.
Positive factors
- Pilot plant operation successfully validated dysprosium recovery in a continuous, scaled-up environment.
- Confirms viability for a critical heavy rare earth.
Evidence · text
“average recoveries of terbium and dysprosium were 55.2% and 56.2%”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
hydrometallurgicalLofdal Heavy Rare Earths Project · terbiumRecovery: 94 %View all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- terbium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- hydrometallurgical
- Processing Route
- high temperature acid bake and liquor treatment
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
Lab
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: High dissolution rates for terbium confirm the effectiveness of the hydrometallurgical flowsheet.
Positive factors
- Very high dissolution rate for terbium in hydrometallurgical test work.
- Demonstrates effective extraction of a critical heavy rare earth.
Evidence · text
“high HREE dissolution (94% Tb/Dy)”
hydrometallurgicalLofdal Heavy Rare Earths Project · dysprosiumRecovery: 94 %View all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- dysprosium
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- hydrometallurgical
- Processing Route
- high temperature acid bake and liquor treatment
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
Lab
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: High dissolution rates for dysprosium confirm the effectiveness of the hydrometallurgical flowsheet.
Positive factors
- Very high dissolution rate for dysprosium in hydrometallurgical test work.
- Demonstrates effective extraction of a critical heavy rare earth.
Evidence · text
“high HREE dissolution (94% Tb/Dy)”
hydrometallurgicalLofdal Heavy Rare Earths Project · rare_earthsRecovery: 62.2 %View all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- hydrometallurgical
- Processing Route
- hydrometallurgical plant
Recovery
- Recovery
- 62.2 %
- Recovery Basis
- theoretical
Lab
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: The assumed metallurgical recovery for heavy rare earths is a key parameter for the reserve estimate, indicating expected plant performance.
Positive factors
- Assumed recovery for heavy rare earths supports the reserve estimate.
Negative factors
- Recovery is an assumption for the reserve estimate, not a direct test result.
Evidence · text
“Metallurgical recovery at the hydrometallurgical plant is assumed at 62.2% for HREO”
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
hydrometallurgicalLofdal Heavy Rare Earths Project · rare_earthsRecovery: 52.55 %View all detailsHide details
Identity
- Project
- Lofdal Heavy Rare Earths Project
- Commodity
- rare_earths
- Region
- namibia
- Reported Region
- Namibia
- Ticker
- NMI
Test Work
- Program Status
- detailed
- Test Type
- hydrometallurgical
- Processing Route
- hydrometallurgical plant
Recovery
- Recovery
- 52.55 %
- Recovery Basis
- theoretical
Lab
- Consultant
- Joseph M. Keane
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-03T00:00:00.000Z
Reasoning: The assumed metallurgical recovery for light rare earths is a key parameter for the reserve estimate, indicating expected plant performance.
Positive factors
- Assumed recovery for light rare earths supports the reserve estimate.
Negative factors
- Recovery is an assumption for the reserve estimate, not a direct test result.
Evidence · text
“52.55% for LREO”
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.