ERONGO POLYMETALLIC METALS

Magna Mining reported to have commenced new proceedings in the High Court of Namibia against the Namibian Minister for Mines and Energy and the Mining Commissioner of Namibia. The proceedings follow the refusal of the Commissioner’s office to accept applications for Exclusive Prospecting Licences for nuclear fuels over areas informally known as “Sandamap” and “Eureka” in the Erongo Region of Namibia. The applications were refused on the ground that the Ministry of Mines & Energy would not accept applications for licences in respect of the nuclear fuel group as there was a two year “moratorium” in existence as declared by the Minister pursuant to the Act which prohibits the consideration of such applications.

Assay results for the geochemical sampling programme conducted within the Erongo polymetallic project continue to be assessed in conjunction with other geotechnical data.

Preliminary results from the HyMap survey has highlighting lithological structures rich in carbonates, clays and iron-oxides.