Gecko mining spends close to N$170 m on exploration
The Gecko group of companies spent a total amount of N$170 million on exploration activities which were largely focused on the Opuwo Cobalt project.
Gecko manages all exploration activities for Celsius Resources at the Opuwo Cobalt Project.
A total of 11 740 meters of RC drilling was conducted and 5 485 meters of diamond drilling and the results for this project have been extremely positive to date, the company annual report states.
“Gecko also received the exploration license for the Warmbad Lithium project with an Environmental Impact Assessment (EIA) completed for prospecting work. Gecko enjoyed sound labour relations across all projects and subsidiaries.”
“Gecko supported 5 MSc students through supervision and internships for thesis work on company projects and related studies. The company initiated an agreement to construct a Kindergarten north of Opuwo which is planned for the near future and maintained direct working relationships with local Himba Chief,” the report states.
The company spent N$84 million on goods and services procured from Namibian registered companies of which N$21 million was purchased from businesses owned by PDNs.
According to the report, Gecko concluded the EIA for its SwaCa Lime project after which it received the ECC for this project. and the company is close to completion with the EIA process for the Cape Cross salt project.
“The company plans to continue with the Opuwo Cobalt project and expansion of exploration activities in the Kunene region in 2018, along with initiating reconnaissance programmes on licences around Grootfontein and Warmbad. They also plan to conduct metallurgical test work on the Epembe project,” the report states.