Namibia Critical Metals has filed an independent NI 43-101 pre-feasibility study (PFS) for its Lofdal Heavy Rare Earths Project, the company said.
The technical report confirms the strong potential of the Lofdal 2B-4 deposit to produce high-value heavy rare earth elements, particularly dysprosium, terbium and yttrium, which are key inputs in the manufacture of permanent magnets used in electric vehicles, wind turbines and advanced electronics, Namibia Critical Metals said.
The PFS was independently prepared by SGS Bateman (Pty) Ltd in accordance with NI 43-101 disclosure standards and was overseen by qualified person Joseph Keane, according to the company. Namibia Critical Metals said the depth and quality of the study reflect extensive technical work by a team of international experts.
“The quality and depth of this report reflect the work of SGS and a team of highly respected global experts. The company extends its appreciation to all contributors for their professionalism, technical rigour and dedication in delivering this comprehensive report,” said Namibia Critical Metals President Darrin Campbell.
The company said the Lofdal project is being developed through a joint venture with the Japan Organization for Metals and Energy Security, aimed at securing a long-term and sustainable supply of heavy rare earths to Japan.
Namibia Critical Metals said the partnership highlights Namibia’s growing role as a supplier of critical minerals amid rising global demand and increasing geopolitical supply risks.
Located in an established mining jurisdiction, the Lofdal project is fully permitted and operates under a 25-year mining licence, the company said.
Completion of the pre-feasibility study marks an important step towards potential development of the project, it added.
