TSX-V: REE
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Eureka Project

The Eureka Project in Namibia demonstrates favourable time-to-market expectations by:

Attractive deposit characteristics

Easily mineable, enriched REE (Nd & Pr) grades.

Easy physical processability

Simple mineralogy, low radiation, easy processing.

Project accessibility

Well connected, modern infrastructure, favourable jurisdiction.

PROJECT SUMMARY

Simple Mineralogy

High grade REEs hosted in the REE ore mineral monazite

Hosted in numerous broad carbonatite dyke swarms containing coarse monazite REE-ore

In-situ dyke grade range 1-16% TREO

Maiden Inferred resource of 310 kt at 4.8% TREO (NI43-101)

Additional exploration potential of 0.5 –1.5 Mt for latest drill campaign (source: SRK –TSS)

Easy Physical Processability

Mechanized mining of mineralized dykes from open pits

Off-the-shelf beneficiation equipment only

Pure REE concentrate beneficiated by low-cost physical methods alone (from SGS study)

65%+ recovery of monazite to concentrate in first pass using gravity process alone. Concentrate running at 60% TREO, of which 16% is NdPr oxide

No hazardous chemicals or complicated beneficiation plant required

Processing routes for low-Th monazite concentrates are well established

Simple Operations & Logistics Management

Experienced Board and Management, in-country and with offtake partners

Namibia is a top tier country for mining and is one of Africa’s most stable countries

Located in the Erongo Mining Corridor of Namibia with flat topography

Adjacent to B2 highway, with a 1.5-hour drive to Walvis Bay container port, Namibia's largest commercial port.

Meets international shipping requirements due to low radioactive content

Walvis Bay container port recently completed a $350M expansion in 2019

Access to power and water

Exploration Potential

Inset map of immediate exploration potential. Zones 1, 2, 3 and 4 in the south.

Purple areas represent surface expression of drill results backed REE mineralized carbonatite dykes.

The current mineral resource estimate from 2017 programme of 310kt at 4.8 % TREO is constrained by the shallow reverse circulation (RC) drill holes marked by red collars to a max depth of 60m.

Between Q4 2020 and Q2 2022 8000m diamond core (DD) drilling and 6000m of RC drilling diamond core drilling has been completed across 2 campaigns.

Blue DD and RC collars are from Campaign 1 2021 where assays have been received and announced.

Yellow collars are from Campaign 2 2022 where DD and RC assays are pending (as of June 2022).

The results will contribute to a revised Mineral Resource Estimate (MRE) collated after further assay results, modelling, and associated exploration activities have been concluded.

The deposit is open in all directions and to depth.

A wider detailed ground geophysical survey is currently underway beyond the area shown in the map above to identify wider follow-up targets.

Eureka map - E-Tech Resources
Click to enlarge

Quick Project Statistics And data

Located in flat topography adjacent to the major highway with direct road and rail connections to Namibia’s largest commercial port.

2KM

TO HIGHWAY

10KM

TO RAILWAY

130KM

TO WALVIS BAY CONTAINER PORT

worker at Eureka, Namibia E-Tech Resources

Prime Location

The Eureka REE Project is situated in the heart of the Erongo Region of Namibia, the “mining corridor of Namibia”. Neighbouring mines in the region include Rossing Uranium, Navachab Gold, Afritin Tin, Namib Lead Zinc. The Project is favourably located in sparsely populated, semi-arid, flat topographical area within 2km of the Trans-Kalahari tarmac highway which provides tarred road links between the Namibian port of Walvis Bay on the Atlantic coast and Namibia’s capital city Windhoek.

Namibia has a warm desert to semi-arid climate with two distinct wet seasons either side of summer. The pre-summer rainy season runs from September and Novemb er and is much less intense than the post-summer rainy season which runs between February and April. The project area is rocky semi-arid desert terrain at the boundary between the Namib Desert and the Great Escarpment. The project area is flat, arid and climatically stable with very low rainfall even during the rainy seasons.

The country has a well-established infrastructure with paved highways, railway, power and water all in close proximity to the project. A high tension, 200 kV AC, power lines run in close proximity to the Project, with a substation approximately 10 km to the SSE. 

Namibia is mining-friendly, with a clear and transparent mining code for the entire project lifecycle (exploration, development and construction), and internationally recognized as one of the African continent’s most social and politically stable jurisdictions.

Namibia has a strong history of mining and exploration; skilled professionals and drilling and exploration services are readily available within country. The country’s local mining skill set is of a high standard, with an extensive literate and multi-lingual workforce.

Ongoing & Outlook

Campaign 2 step-out drilling of current footprint: assay results outstanding.

Wider exploration campaign outside of current footprint ongoing and financed: structural regional & radiometric survey to establish drill targets.

Progress Updates

 

2021

E-Tech Resources Inc. Announces Final Assay Results of Phase 1 Diamond Drilling Programme from its Eureka Project in Namibia

Q3 2021

Drilling Program Campaign 1

2022

Q4 2021 - Q1 2022

Drilling Program Campaign 2

 

_ Geophysical Radiometric Survey - E-Tech Resources

Q2 -Q3 2022

Geophysical Radiometric Survey to establish drill targets

 

Onwards

Drilling Campaigns & Updated Mineral Resource Estimate (MRE)

e-tech-resources - exploration highlights
Click to enlarge

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Our Forward-Looking Statement

Certain information set forth in this website contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws.