Manganese, PMG, RE Metals, Diamonds and Gold.
There are various licenses for the prospecting of base, precious metals, Platinum Group Metals (PGM) and rare earths (RE) throughout Namibia. The total area covered by the seven (7) prospecting licenses totals 3,139.30 km2.
The prospecting licenses are valid for three years. Upon expiry of the prospecting licenses renewal may be applied for three months before the expiry date. Half of the initial area has to be relinquished upon renewal. Commencement of prospecting operations has to commence within three months of the date of issue of the prospecting license. Quarterly reports containing information on prospecting operations have to be submitted to the Director of Geological Survey. Proposed expenditure commitments as outlined during the prospecting license application have to be honoured.
In Namibia, mining exploration is done mainly by the private sector. The Ministry of Trade and Industry regulates manufacturing, including mineral beneficiation, cement production, and semiprecious stone processing.
Exploration at the moment focuses on base metals, diamond, gold, natural gas and uranium. This shows that the mining sector has great potential to grow and continue to development in the country.
Although there are many negative factors affecting the future of mining in Namibia, there is still a lot of potential for growth. The mining industry has become more conscious about the effects it has on the environment and the overall development of the country.
To carry out preliminary ore characterization studies after which resource evaluation will be carried out. The exploration program is to arrive at pre-feasibility stage by 2021.