The preliminary economic assessment reflected in this website is from the Company’s current technical report (the “Current PEA”) on its Twin Hills Gold Project in Namibia which is referred to in this website and is the technical report most recently filed on SEDAR at under the Company’s profile. This preliminary economic assessment is preliminary in nature, as it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. The Current PEA sets out the basis for the preliminary economic assessment and any qualifications and assumptions made by the qualified persons responsible for the Current PEA. The most pertinent assumptions and qualifications, other than as noted above, are that the economic analysis was based on a foreign exchange rate of USD1.00 = $15.5 Namibian dollars and base case gold price of USD$1,700/oz gold, as well as the following parameters: 15 year LOM, 5.0% mining dilution, 3.5% mineralized material loss, 90.9% gold recovery, 3.0% royalty, and 1.0% export levy (please see Current PEA for further details).




  • 2021
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  • 2016


Stifel GMP
Alex Terentiew
+1 (416) 941-6781
Beacon Securities
Bereket Berhe
+1 (416) 507-3978
Echelon Wealth Partners
Ryan Walker
+1 (416) 479-8997
Cormark Securities
Richard Gray
+1 (416) 943-6407
M Partners
Eduardo Perez
+1 (416) 603-7381
Industrial Alliance Capital Markets
George Topping
+1 (647) 943-7617
Sprott Capital Partners
Brock Salier
+44 7400 666 913

Passive Foreign Investment company

2020 AIS Statement

2020 AIS Information Statement

2019 AIS Statement

2019 AIS Information Statement

2018 AIS Statement

2018 AIS Information Statement