EXPLORATION | MINING | BENEFICIATION
39 Prospecting Licences: – 6 Marine diamond and Phosphate licences – 33 Base metals, Precious metal, Rare Metals and Iron ore licences Several joint projects are envisaged for 2014, mainly “green field” exploration ventures to develop the resources in this area. The expected opening of the Tshudi mine in 2015, belonging to Wetherley Mining, is one such indication. Given the size and the number of EPLs, Epangelo Mining Company holds an OML area where numerous strategies will be pursued including: • Entering into several Agreements (earn-in agreements) with several JV Partners. Implementation of exploration programs for the licences held under JV special purpose vehicles with Vedanta and Minexus Exploration. • Early stage exploration activities by Epangelo Mining to promote and attract funding and external /internal investment opportunities through “Earn-in framework”; to further develop the project. This may provide opportunity for private Namibian investors to get involved at the early stages of investment where funding is most affordable to small and medium sized local players. The criterion to enter into a co-operation arrangement with Epangelo is simply the ability of any company (local or international) to demonstrate financial capacity to investing in any particular venture of its choice. The EPLs belonging to Epangelo are listed on the company’s website as well as on the website of the Ministry of Mines and Energy. 2nd Floor, Mutual Platz Building, Post Street Mall Private Bag 13369, Windhoek, Namibia Tel: +264 61 415700 Fax: +264 61 415701 Email: info@epangelomining.na www.epangelomining.com
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