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NAMIBIA RARE EARTHS INC V.NRE

"Namibia Rare Earths Inc is engaged in the business of exploration and development of rare earth properties in Namibia. The company holds an interest in the Lofdal Rare Earths Project, which covers an area of more than 400 square kilometers located to the northwest of the town of Khorixas in the Kunene Region of north-western Namibia. It primarily explores for rare and precious metals and minerals. Geographically, operations are carried out through the region of Canada."


TSXV:NRE - Post by User

Post by rexrexon Mar 15, 2018 12:59pm
219 Views
Post# 27721211

ANOTHER ARTICLE ....

ANOTHER ARTICLE .... https://economist.com.na/33474/mining-energy/first-cobalt-mine-expected-by-2020-more-explorations-already-underway-to-determine-how-deep-are-the-cobalt-reserves/

Namibia’s mining sector has already been praised as more favorable than the region’s mining giant, South Africa.

More explorations are already underway to determine how deep the cobalt reserves, once dismissed as a byproduct of copper and nickel,go. The Canadian mining company Namibia Rare Earths is now planning to re-analyze over 12,000 existing soil samples to check for cobalt, the company said in a statement on March 5.

Namibia Rare Earths recently took over a slew of projects from Gecko Namibia with the intention of expanding its cobalt exploration in the region. Gecko Namibia, a local company, was the first to discover traces of cobalt in Kunene, and is also a partner in the Celsius venture.

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