Okanjande
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Okanjande
Okanjande is a fully permitted and former producing mine (2017-2018) that can be reactivated in a relatively quick and low-cost manner. It is ideally situated to supply the global energy transition and EV revolution. Located in Namibia, one of the most mining-friendly jurisdictions on the African continent, it has easy shipping access to North American and European markets from the country’s deepwater port at Walvis Bay. The mine is scheduled to restart in 2025 at 31,000 tpy, pending financing. Relocation of the existing processing operations to the mine-site is designed to lower operating costs, enhance expansion potential and improve sustainability.
Okanjande hosts 1.6 Mt of battery grade graphite of M&I Resources(1) and has a current mine life of 10 years. This substantial resource provides the potential for modular expansion to much higher production levels.
Quality Location
- Located in Namibia, one of Africa’s finest mining jurisdictions
- Close to rail, paved roads
- Access to European and North American markets via Walvis Bay deep water port (288 km away)
Proven Value
- Fully permitted, former producing mine (2017-2018)
- Battery-grade graphite
- Substantial growth potential based on large, hard rock resource
- 1.6 Mt of graphite of M&I Resources
Path Forward
- One year to start up from construction decision
- Expected to resume operations at 31,000 tpy in 2025
- Capex of US$34.4 million
- Plant move means lower Opex, enhanced expansion potential, less waste and improved sustainability
(1) Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that any part of a mineral resource will ever be converted into mineral reserves.
