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Recent Updates — NAMMW

July 20, 2026View Source ↗

Namib Minerals announced a five-step restart pathway for the Redwing Mine, with dewatering expected to finish in Q4 2026 and the Definitive Feasibility Study (DFS) technical programme concluding in early Q1 2027. The DFS technical programme is now fully funded through the redirection of internal cash flows, following a US$5.0 million, 36-month non-dilutive term facility secured from Ecobank Zimbabwe Limited for capital works at How Mine. The company is currently seeking funding for Step 3, which involves an 8,750-metre surface exploration drilling programme and resource definition expected to conclude in Q4 2027. Parallel site workstreams for power infrastructure and equipment refurbishment are targeted for completion in Q3 2026. The company is an African gold producer that operates mining and exploration assets in Zimbabwe.