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Tubas becomes priority for Deep Yellow

Peter Christians, Reptile Uranium Namibia Country Manager recently revealed that it was reviewing its current business strategy with plans to bring its Tubas Sands Project up to development stage, sooner than anticipated, suggesting that it could potentially come to fore ahead of its flagship Omahola Project.
He said, “We have other priorities that are currently driving our business strategy, specifically our focus [is] on the Tubas Sand Project which has the potential to commence production sooner and at a lower capex [capital expenditure] spend than Omahola.”
Deep Yellow had earlier reported its results of its preliminary trade-off study and had chosen a processing option for Tubas Sands. The focal point of the study was to study feasibility under a wide range of scenarios from the production of an upgraded sand concentrate by physical beneficiation through to a final uranium precipitate product with planning under-way for pre feasibility and feasibilities studies to be completed by 2015, all of depended on funding and marketing conditions Deep Yellow report early May 2014.

Following the results of its preliminary trade-off study, a physical beneficiation option consisting of ore scrubbing, classification and de-watering to produce an upgraded sand concentrate for sale to existing local producers has been selected as the preferred strategy Deep Yellow reported. “Whilst other options remain feasible under different pricing assumptions physical beneficiation was selected due to its lower technical risk and capital expenditure and shortest estimated development schedule. In addition, environmental approval from the Republic of Namibia’s Ministry of Environment and Tourism is already in place for this project under these operating conditions,” said Deep Yellow. According to Christians, drilling activities at its INCA and Ongolo sites are currently not being conducted. Projects under consideration by Deep Yellow include their flagship Omahola Project as well as the Tubas Sands project.
The Omahola Project will comprise a processing plant and will treat ore from its Ongolo and MS7 Alaskite deposits and the INCA uraniferous magnetite deposit. Expected to run for an estimated 12 years, Omahola will become Deep Yellow’s leading mining project.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.