In 2019, Greenstone Resources LP and International Base Metals Ltd. entered into a strategic partnership to advance the Omitiomire Copper Project in Namibia through an earn-in agreement over Craton Mining and Exploration (Pty).
Omico brings together extensive experience to maximise return for shareholders
As part of the agreement, Greenstone has management control of the project, progressing a Bankable Feasibility Study (BFS) with detailed mining, metallurgical power, water and environmental studies ongoing.
Phase 4 metallurgical optimisation test work is ongoing with final BFS publication anticipated for Q3 2024.
Engineering studies to date demonstrate a low-risk, conventional open-pit mine, utilising a chloride heap leach process and solvent extraction electro winning technology to produce 25-30,000 tonnes per annum (tpa) of LME Grade A copper cathode for 13-15 years.
- 70/30 grid and renewable hybrid solar PV energy mix;
- Low water consumption – 90 m3/t cathode in closed circuit;
- Minimal negative social impact;
- 800-1,000 direct jobs created;
- Estimated Scope 1&2 CO2 emissions 3,700kg CO2/t cathode;
- Ongoing Phase 4 test work indicates reduced acid consumption, reduced leach times and improved recoveries.
5% of Craton is held by the Craton Foundation Trust, supported by Omico, which undertakes various social initiatives among communities in the project’s zone of influence.
Our Mission: To build a lean and competent mining company, operating to the highest industry standards, and delivering value to our stakeholders in a sustainable fashion.
Strategy: In order to achieve this, we are advancing the Omitiomire Copper Project in central Namibia, with the Bankable Feasibility Study due for completion Q3 2024. The project will produce 25-30,000tpa of copper cathode.
