Infill Resource Drilling On Lofdal Area 4 Dysprosium-Terbium Project

Infill Resource Drilling On Lofdal Area 4 Dysprosium-Terbium Project

HALIFAX – Namibia Critical Metals Inc. reported that the final infill drilling campaign entailed 7 very deep (end of hole between 325 and 401 meters) reverse circulation boreholes for a total of 2,597 m in the Area 4 main deposit, on the on the large-scale “Lofdal 2B-4” heavy rare earth project.

Continuation of the rare earth mineralization at depth was confirmed by all infill drill holes in grade and width in accordance with the geological model.

The last borehole drilled (L4R0218) showed an increase in grade and width of the heavy rare earth mineralization and confirmed that the rare earth mineralization is open in southwesterly direction and at depth of the Area 4 main deposit.

Darrin Campbell, President, said, “Another important milestone was reached, and I am very pleased to see the boxes systematically getting ticked for the PFS of our expanded project “Lofdal 2B-4″. With the drill data already at The MSA Group I’m looking forward to an updated Mineral Resource Statement towards the end of February this year, and a kick-off of the detailed mine planning for both, the planned Area 4 and Area 2B pits by the internationally highly recognized Namibian consultancy Qubeka.”

A final drill program was worked out by the Company with support by The MSA Group to increase the level of resource categories as required for the PFS for the expanded project “Lofdal 2B-4”. Resource infill drilling was completed in November 2023. The drilling campaign entailed 7 boreholes with the cost-efficient reverse circulation (RC) method. In total of 2,597 meters were drilled with the deepest borehole reaching a depth of 401 m. Logging of the drill core confirmed the geological model of structural zones acting as fluid channels and controlling intensity, pinching and swelling as well as splaying of the wide mineralized zones.

The intercepts partly include a significant number of samples with <0.1% TREO in order to reflect the width of the mineralized zone potentially forming consecutive ore blocks in a large-scale open pit operation. By including lower grade mineralization, the combined mineralized intervals may reach more than 100 m length in total as for example in borehole L4R0218 with 7 mineralized intercepts with a combined length of 127 m between 95 m and 391 m depth.