By: Wonder Guchu
Arcadia Mining has concluded a water and electricity supply agreement for Namibia’s Swanson Tantalum/ Lithium project.
The project is located in the Karas Region in the southern part of Namibia, some 15 km north of the Orange River.
Arcadia Minerals Ltd is a diversified exploration company targeting a suite of projects aimed at Namibia Tantalum, Lithium, Nickel, Copper and Gold.
The project is held through the company’s Namibian subsidiary, Orange River Pegmatite (Pty) Ltd (ORP), where it jas an 80 per cent stake.
The ORP owns EPL 5047 in the mountainous desert setting with reasonable road access and is characterised by a complex geological and structural setting with good mineralisation potential.
Arcadia Mining said Wednesday that their definitive feasibility study at the Swanson Tantalum Project is on track and within budget and is expected to be finalised at the end of October 2022.
The company said it had secured the water and electricity supply and entered into an agreement concerning land use over the mining license area.
“Regarding the water supply agreement, NamWater is to supply 210 cubic meters of water per day from NamWater boreholes at Warmbad (approximately 21km north of the Swanson Tantalum/Lithium Project) utilising the proposed Swanson Mine Water Supply Scheme,” the company said.
The company added that ORP would construct the supply scheme to supply water to the mining license.
According to the company, NamPower has confirmed holding sufficient capacity at its Warmbad substation to transmit up to 2.7MVA power without violations.
In addition, the ORP will construct a 33kV line of 21km in length to the proposed Swanson mine license.
ORP has also concluded a land use compensation agreement in terms of section 52(1) of the Namibian Minerals Act with Tantalite Valley Estates (Pty) Ltd.
“In terms of the land-use agreement, it was agreed that the land-use agreement will last 20 years or until the final termination of the Mining License or until ORP terminates the land-use agreement,” the company said.
ORP is entitled to enter into, access and establish mining operations within the Mining License area and will pay compensation in terms of the Minerals Act and rent to the property owner over which a Mining License has been granted to ORP.
“The definitive feasibility study at the Swanson Tantalum Project is progressing as planned and within budget and is expected to be finalised at the end of October 2022,” the company announced.