Omaruru Lithium Project

20 km

East of Karibib, Namibia


Drilling program and geophysical programs

20% Interest

Progressively acquiring up to 40% in progress

Q2 CY2023

Planned Drilling Date

Omaruru offers outstanding potential to rapidly delineate a JORC-reportable Mineral Resource and to make significant new lithium discoveries, establishing a strategic position in Namibia and attractive growth pipeline for Prospect in sub-Saharan Africa.

Namibia is the fourth largest producer of non-fuel minerals in Africa and a leading development jurisdiction boasting political stability, security, a strong rule of law and an assertive development agenda.

Prospect’s capabilities in the sub-Saharan region coupled with an existing management team holding substantial lithium experience present a compelling pathway for the rapid advancement of the Omaruru Project.

Namibia is also underexplored for lithium and associated pegmatite mineralisation, with Lepidico’s Karibib Project and Andrada Mining’s Uis Tin Mine (which also contains lithium and tantalum) the main projects currently progressing elsewhere in-country.

Prospect completed its first phase of RC drilling at Omaruru in February 2023. The drilling program produced excellent results, including the discovery of a flat-lying, wide pegmatite system, mineralised with lithium at the Brockmans prospect.

Key assay results from that program included:

  • 6m @ 1.30% Li2O from 13m (Brockmans) within 14m @ 0.79% Li2O (from 13m)
  • 8m @ 0.99% Li2O from 6m (Karlsbrunn)
  • 11m @ 0.95% Li2O from 51m (Karlsbrunn)
  • 7m @ 0.90% Li2O from 17m (Brockmans)
  • 10m @ 0.88% Li2O from 35m (Karlsbrunn)

Subsequently, RC drilling recommenced in June 2023 targeting extensions to the newly defined Brockmans mineralisation along with regional exploratory drilling of the Bergers, Hillside, Brockmans SW and Karlsbrunn NE soil geochemical anomalies.

This phase of the program is planned to comprise about 24 RC drillholes for a total of approximately 2,000 metres drilled and is scheduled to be completed in mid-2023. Assay results from this phase of drilling are expected to be returned during Q3 2023.

Location Map for Omaruru Lithium Project tenement in Namibia

Drilling underway at the Brockmans Prospect during the Phase 1 program in June 2023

Subset area of the Omaruru Project showing current mapped extent of LCT pegmatites

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