Namibia Critical Metals Successfully Completes Infill and Resource Expansion Drilling for the PFS Phase of its “Lofdal 2B-4” Heavy Rare Earth Project

HALIFAX, NS / ACCESSWIRE / December 6, 2023 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NCMI") (TSXV:NMI)(OTCQB:NMREF) is pleased to announce the completion of the final phase of drilling for its Pre-Feasibility Study (PFS) on the "Lofdal 2B-4" heavy rare earth project.

In total, infill and resource expansion drilling for the PFS phase amounts to 10,823 m in 56 boreholes drilled over the last months. The final drill phase entailed seven very deep reverse circulation (RC) boreholes for 2,597 m in the Area 4 main deposit. While five boreholes represent infill boreholes in the deeper part of the central Area 4 deposit, two of the boreholes aimed at resource expansion at the newly established mineralized zone in the western part of the Area 4 deposit (see press release of 8 September 2023).

Darrin Campbell, President of Namibia Critical Metals, stated:

"The finalization of all planned drilling is another major step forward for our "Lofdal 2B-4" heavy rare earth project. The main aim of the drilling campaign was to significantly increase the measured and indicated resource categories to comply with the requirements of a PFS. Beyond this, field logging supports our concept of an extension of the orebody in the southwestern part of Area 4 which demonstrates the potential to unlock further mineralization in future. We expect to receive the assays in January 2024 and an updated resource statement in February 2024. Our Namibian in-country team managing the project has done a fantastic job in executing a very successful and cost-effective drill campaign."

Foto: Accesswire

Figure 1: RC drill rig of Prinsloo Drilling at the final drill position in the western part of Area 4

PFS Infill and Expansion Drilling Campaign 2023

Drilling was conducted at both, Area 2B and Area 4, in two phases between February and November 2023. In total, 10,823 m were drilled by reverse circulation (RC drilling) in 56 boreholes (see table 1).

The last 7 boreholes, completed in November 2023, were drilled into the deeper western part of the mineralization at Area 4 (figure 1) with end-of-hole (EOH) depths between 325 and 401 m. These deep holes aimed at both, infill drilling for the current pit shell and resource expansion drilling following the newly discovered thick and high-grade HREE-mineralized zone further to the southwest.