Epangelo secures second EIA
Epangelo Mining and THL Zinc Namibia, a wholly owned subsidiary of Sesa Sterlite will initiate the search for base and rare metals in the Otjozondjupa Region, following the approval by the Ministry of Environment and Tourism.
Together, the companies hold Exclusive Prospecting Licenses 5261, 5262, 5263, and 5264 in the Grootfontein district.
Epangelo Mining and Sesa Sterlite became strategic joint venture partners in 2012 to explore for certain minerals when a Memorandum of Understanding was signed by both parties.
The two companies recently finalised an agreement to explore the above mentioned licenses jointly and therefore compiled all requirements for the Environmental Clearance Certificate application. Sesa Sterlite is also the holding company for Skorpion Zinc Mine, a mining and refinery operation located near the southern town of Rosh Pinah.
The parties will now undertake geophysical and geochemical surveys during the remainder of the current financial year and results of these surveys will define drill targets which will be tested during 2015.
Managing Director of Epangelo Mining, Eliphas Hawala, said, “This approval represents a positive step forward for our joint venture, which aims to develop Namibia’s mineral resources.”
Anton Lubbe, Chief Operating Officer for Sesa Sterlite’s Zinc International Operations said, “Exploration is the life-blood of our industry and we look forward to one day announcing a significant discovery on these licences.”