Golden Deeps Limited has acquired an 80% stake in Namex Pty Ltd, which, through its wholly owned Namibian subsidiary Metalex Mining and Exploration Pty Ltd (Metalex), holds the Central Otavi Critical Metals Project in Namibia.
The company’s immediate exploration priorities will centre on copper-lead-zinc-silver targets, with potential for germanium and gallium. Planned work includes additional sampling, geophysical surveys, and targeted drilling to expand mineral resources across the combined project areas.
The Central Otavi Critical Metals Project comprises four Exclusive Prospecting Licences (EPLs) – 8546, 8547, 8548, and 8643 – located in the Otavi Mountain Land Metallogenic Province in northern Namibia.
These licences span more than 390 square kilometres of the Damara Sequence, particularly within the Otavi Group carbonate rocks, which have historically hosted major deposits such as the Tsumeb and Kombat mines.
Golden Deeps highlighted that the newly acquired EPLs adjoin its existing projects, including the Abenab vanadium-lead-zinc deposit, the Nosib copper-vanadium-lead-silver deposit, and the Khusib Springs copper-silver-zinc-lead deposit.
The company intends to leverage historical exploration data, incorporating soil and rock chip geochemical surveys, geophysical programmes (IP and EM), and both RC and diamond drilling.
Golden Deeps’ Chief Executive Officer, Jon Dugdale, underscored the strategic value of the acquisition.
“The acquisition of the Central Otavi Critical Metals Project provides the company with exciting opportunities ranging from near-term resource expansion and development options to multiple targets for copper-lead-zinc-silver discovery with antimony, germanium, and gallium potential,” Dugdale said.
He further noted that the deal increases Golden Deeps’ landholding in the Otavi Mountain Land by 390 square kilometres, expanding its total footprint in the mineral-rich province to over 440 square kilometres.
Exploration efforts will initially focus on “Tsumeb-type” copper-lead-zinc-silver target areas, including vanadium-bearing deposits near the surface. The company also plans to assess more advanced zinc-lead-silver sulphide prospects, such as the Border and Driehoek targets, for economic viability before undertaking resource expansion.
Golden Deeps’ strategy includes verifying previous geochemical anomalies, conducting rock-chip and channel sampling, and implementing geophysical programmes in untested areas. Selected targets will then undergo further drilling to establish resource potential.
