Namib Minerals Sets Out Development Timelines and Milestones for Redwing Mine; Technical Programme of the Definitive Feasibility Study Fully Funded Through to Completion
Namib Minerals outlined a five-step pathway to restart the Redwing Mine, targeting the completion of a fully funded Definitive Feasibility Study in early Q1 2027. The technical programme funding was secured via a $5.0 million non-dilutive term facility obtained by subsidiary Bulawayo Mining Company from Ecobank Zimbabwe for works at How Mine, freeing up internal cash flow.
Key figures
- Guidance
- DFS completion expected in early Q1 2027; Dewatering completion expected in Q4 2026
- Deal Value Usd
- 5000000
- Dfs completion
- early Q1 2027
- Dewatering completion
- Q4 2026
- Resource definition conclusion
- Q4 2027
AI analysis
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