Ongwe Minerals Inc has expanded its Omatjete gold project in Namibia by up to 42% following the acquisition of a 90% interest in Exclusive Prospecting Licence (EPL) 7400, covering 36,600 hectares, and the submission of an additional application for EPL 11268, which spans a further 8,200 hectares.
Chief Executive Officer David Underwood said the expansion gives the company control over approximately 50 kilometres of strike along the Okondeka Fault Zone (OFZ), which hosts the Kokoseb deposit (WIA Gold, 2.9Moz) and the recently discovered Manga Gold Prospect.
The development follows a structural reinterpretation of the Omatjete area, which has identified prospective transfer structures and a parallel Okakongo Fault Zone within the enlarged licence area, presenting a second exploration corridor extending roughly 25 kilometres.
“Since the discovery of the Manga Gold Prospect, we have worked to expand our licence package to cover the full extent of the highly prospective Okondeka Fault Zone. This has now been achieved, and we look forward to continued exploration of this long-lived structure to the east,” Underwood said.
The newly identified Okakongo Fault System runs parallel to the Okondeka Fault and is characterised by granitic intrusions and complex relay structures, which the company believes may act as conduits and trap sites for hydrothermal gold-bearing fluids. The fault lies within the Swakop Sedimentary Group, which hosts all major gold deposits in Namibia.
Ongwe Minerals’ broader Namibian landholding also includes the Khorixas Project, covering 154,000 hectares, and the Outjo Project, spanning 46,000 hectares.
At the Khorixas Project, the Belmont Prospect — a greenfields orogenic gold discovery measuring approximately 12km by 6km — has returned high-grade surface samples of up to 145.7g/t gold. Bedrock sampling has commenced at Belmont to define drill targets for 2026.
“Bedrock sampling at Belmont will test ten high-priority target zones, building on prior rock-chip and scout drilling results that highlight the prospect’s potential,” the company said.
Ongwe Minerals, a Canadian-listed gold exploration company, is led by a management team involved in several major Namibian discoveries, including Osino Resources’ Twin Hills and Eureka deposits, as well as the Auryx Gold Otjikoto deposit.
The company’s immediate focus remains on advancing the Omatjete and Khorixas projects within the emerging Northwest Damara Gold Belt, using structural analysis and systematic exploration to expand Namibia’s gold resource base.
