During the past three years, the Namibian Entities in which Arcadia Minerals is acquiring an interest have advanced four exploration projects through ongoing exploration and studies. Ranked in order of development stage, these projects include:
(a) the Swanson Project – prospective for tantalum and lithium;
(b) the Kum-Kum Project – prospective for nickel, copper and platinum group elements;
(c) the Karibib Project – prospective for copper and gold; and
(d) the Bitterwasser Project – prospective for lithium-in-brines and lithium-in-clays.
Upon listing on the ASX, Arcadia’s primary focus will be continued exploration of the Swanson Project, including completion of a feasibility study.
The Company also plans to advance the exploration of the Kum-Kum, Karibib and Bitterwasser Projects and seek to investigate additional exploration opportunities within Namibia which may present themselves from time to time.
It is anticipated that AM7 will list on the ASX during May 2021.
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