Namib Minerals – Operational Update
Namib Minerals (Nasdaq: NAMM) announced a strategic partnership with BW Mining to retreat sands at How Mine in Zimbabwe.
The Company says How Mine holds a 213 Koz gold surface sands resource in the Inferred category per its SK-1300 report. BW Mining has mobilized equipment on site and begun preparatory work for initial testing of sands.
Upon successful testing, Namib Minerals expects to leverage firm gold prices and BW Mining’s operational capacity to extract additional value and potentially increase EBITDA, but results are subject to testing outcomes, market conditions, and other risks including Nasdaq listing risk and identified internal control weaknesses.
Namib Minerals (Nasdaq: NAMM) ha annunciato una partnership strategica con BW Mining per trattare nuovamente le sabbie di How Mine in Zimbabwe.
L'azienda afferma che How Mine possiede una risorsa di sabbie d'oro superficiali di 213 Koz nella categoria Inferred secondo il suo rapporto SK-1300. BW Mining ha mobilitato attrezzature sul sito e ha avviato i lavori preparatori per i test iniziali delle sabbie.
Qualora i test abbiano esito positivo, Namib Minerals aspetta di sfruttare prezzi dell'oro stabili e la capacità operativa di BW Mining per estrarre valore aggiunto e potenzialmente incrementare l'EBITDA, ma i risultati dipendono dagli esiti dei test, dalle condizioni di mercato e da altri rischi, inclusi il rischio di quotazione a Nasdaq e le debolezze di controllo interno identificate.
Namib Minerals (Nasdaq: NAMM) anunció una asociación estratégica con BW Mining para reprocesar las arenas de How Mine en Zimbabwe.
La empresa afirma que How Mine posee un recurso de arenas superficiales de oro de 213 Koz en la categoría Inferida según su informe SK-1300. BW Mining ha movilizado equipos en el sitio y ha iniciado trabajos preparatorios para las pruebas iniciales de las arenas.
Una vez que las pruebas sean exitosas, Namib Minerals espera aprovechar precios del oro estables y la capacidad operativa de BW Mining para extraer valor adicional y potencialmente aumentar el EBITDA, pero los resultados están sujetos a los resultados de las pruebas, condiciones del mercado y otros riesgos, incluido el riesgo de cotización en Nasdaq y debilidades de control interno identificadas.
Namib Minerals (나스닥: NAMM)은 짐바브웨의 How Mine에서 모래를 재처리하기 위한 BW Mining과의 전략적 파트너십을 발표했다.
회사에 따르면 How Mine은 SK-1300 보고서에 따라 추정된(Inferred) 카테고리의 213 Koz의 금 표면 모래 자원을 보유하고 있다. BW Mining은 현장에 장비를 동원했고 모래에 대한 초기 시험을 위한 준비 작업을 시작했다.
시험이 성공하면 Namib Minerals는 안정된 금 가격과 BW Mining의 운영 능력을 활용해 추가 가치를 창출하고 EBITDA를 증가시킬 수 있을 것으로 기대하지만, 결과는 시험 결과, 시장 상황 및 Nasdaq 상장 위험과 식별된 내부 통제 약점 등 기타 위험에 따라 달라질 수 있다.
Namib Minerals (Nasdaq: NAMM) a annoncé un partenariat stratégique avec BW Mining pour retraiter les sables de How Mine au Zimbabwe.
La société affirme que How Mine détient une ressource de sables superficiels d'or de 213 Koz dans la catégorie Inferred, selon son rapport SK-1300. BW Mining a mobilisé des équipements sur le site et a commencé les travaux préparatoires pour les tests initiaux des sables.
Si les tests sont concluants, Namib Minerals s'attend à tirer parti de prix de l'or stables et de la capacité opérationnelle de BW Mining pour extraire une valeur supplémentaire et potentiellement augmenter l'EBITDA, mais les résultats dépendent des résultats des tests, des conditions du marché et d'autres risques, notamment le risque de cotation Nasdaq et les faiblesses de contrôle interne identifiées.
Namib Minerals (Nasdaq: NAMM) kündigte eine strategische Partnerschaft mit BW Mining an, um die Sandstoffe im How Mine in Simbabwe erneut zu verarbeiten.
Das Unternehmen gibt an, dass How Mine eine 213 Koz Goldoberfläche-Sandressource in der Kategorie Inferred gemäß seinem SK-1300-Bericht besitzt. BW Mining hat Ausrüstung vor Ort mobilisiert und mit den Vorbereitungsarbeiten für den ersten Sandtest begonnen.
Nach erfolgreichem Test erwartet Namib Minerals, von stabilen Goldpreisen und der operativen Kapazität von BW Mining zu profitieren, um zusätzlichen Wert zu schaffen und möglicherweise das EBITDA zu erhöhen. Die Ergebnisse unterliegen jedoch den Testergebnissen, den Marktbedingungen und weiteren Risiken, einschließlich Nasdaq-Listing-Risiken und identifizierter interner Kontrollschwächen.
Namib Minerals (ناسداك: NAMM) أعلن عن شراكة استراتيجية مع BW Mining لإعادة معالجة الرمال في How Mine بزيمبابوي.
تقول الشركة إن How Mine تمتلك موردًا من الرمال السطحية للذهب يبلغ 213 Koz في فئة الاستنتاج وفقًا لتقرير SK-1300 الخاص بها. قامت BW Mining بنقل معدات إلى الموقع وبدأت الأعمال التحضيرية للاختبارات الأولية للرمال.
عند نجاح الاختبارات، تتوقع Namib Minerals الاستفادة من أسعار الذهب المستقرة والقدرة التشغيلية لـ BW Mining لاستخراج قيمة إضافية وربما زيادة EBITDA، لكن النتائج تعتمد على نتائج الاختبارات وظروف السوق ومخاطر أخرى بما فيها مخاطر إدراج Nasdaq ونقائص الرقابة الداخلية المحددة.
- Signed partnership with BW Mining for sands retreatment at How Mine
- BW Mining mobilized equipment and commenced preparatory testing work
- How Mine reports a 213 Koz inferred surface sands gold resource
- Project outcomes contingent on successful testing and assumptions
- Exposure to gold price volatility could affect project returns
- Unremediated material weaknesses in internal financial controls remain
Insights
Namib Minerals signed a contractor deal to test retreatment of How Mine sands containing 213 Koz inferred gold; results will determine value.
Namib Minerals has contracted BW Mining to mobilize equipment and begin testing sands at How Mine, which holds a 213 Koz gold surface sands resource in the Inferred category as disclosed on
The plan’s business mechanism relies entirely on successful test outcomes and operational execution by BW Mining, plus prevailing gold market levels. Key risks include the unproven recoverability at scale, the Inferred classification of the resource, and the company’s stated internal control and listing risks that could affect execution or funding.
Watch the testing completion and technical recovery rates as the immediate catalysts; a successful pilot could move towards production and higher EBITDA within a short operational horizon, while failed tests would leave the resource value unrealized.
NEW YORK, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Namib Minerals (Nasdaq: NAMM) (“Namib Minerals” or the “Company”) today provided an operational update on its recent conclusion of an agreement with Bitumen World Mining (“BW”) for the treatment of sands at How Mine.
The Company is pleased to announce that it has entered into a new strategic partnership with BW Mining, a reputable mining and civil works contractor, for the retreatment of sands at How Mine in Zimbabwe. How Mine holds a surface sands resource of 213 Koz of Gold in the Inferred Resource category, as set out in the Company’s SK-1300 Report.
BW Mining has mobilized equipment on site and commenced preparatory work, to begin the initial phase of the testing of sands. Upon successful completion of testing, the Company expects to capitalize on firm gold prices, leveraging the proven competencies and operational capacity of BW Mining to efficiently extract gold from the How Mine sands.
The project is intended to increase overall EBITDA and extract additional value from existing resources, positioning the Company to deliver stronger returns to shareholders. However, such expectations are subject to the completion of the testing phase along with various assumptions, risks and uncertainties, including market conditions, many of which are beyond the Company’s control.
This partnership serves as a complementary initiative to Namib Minerals’ ongoing capital projects, which remain focused on delivering higher-return opportunities and long-term value across the portfolio.
Forward-Looking Statements
This update includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts contained in this update are forward-looking statements. Any statements that refer to estimates, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. Forward-looking statements include, without limitation, our management team’s expectations concerning the sands project partnership with BW Mining. The forward-looking statements are based on our current expectations and are inherently subject to uncertainties and changes in circumstance and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks and uncertainties which include, but are not limited to, (i) market risks, including the price of gold; (ii) the inability to maintain the listing of Namib Minerals’ securities on Nasdaq; (iv) the inability to remediate the identified material weaknesses in the Company’s internal control over financial reporting, which, if not corrected, could adversely affect the reliability of Namib Minerals’ financial reporting. We caution you against placing undue reliance on forward-looking statements.
Contacts:
Investor Relations:
IR@namibminerals.com
Lamiaa Maniar
VP of Communications
lmaniar@namibminerals.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f17540ab-2cc4-4fb0-b424-5ee1e6a54508
FAQ
What did Namib Minerals (NAMM) announce on November 14, 2025 about How Mine?
How much gold does How Mine hold according to Namib Minerals' SK-1300 report?
Has BW Mining started work at How Mine and what is the next step for NAMM?
What are the main risks Namib Minerals (NAMM) highlighted for the sands project?
Could the How Mine sands project increase Namib Minerals' EBITDA and shareholder returns?
