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Namib Minerals completes Redwing mine dewatering

Namib Minerals has finished dewatering Redwing Mine ahead of its original Q4 2026 target and confirms the fully funded DFS remains on track for early Q1 2027.

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Form Type
6-K

Rhea-AI Filing Summary

Namib Minerals (NAMM) reported that it has completed the dewatering programme at its Redwing Mine in Zimbabwe, the first step in a five-step restart pathway that was previously targeted for completion in Q4 2026 and has now been achieved ahead of that schedule. Completion of dewatering restores safe access to underground workings and allows underground mapping, sampling, and geotechnical and hydrological work to proceed, all feeding into the technical programme of the Definitive Feasibility Study (DFS). The DFS technical programme is described as fully funded through to completion and is expected to conclude in early Q1 2027, consistent with the timeline outlined in July 2026. Step two of the restart pathway, covering engineering, metallurgical, geotechnical, hydrological, environmental and financial workstreams, is underway, while later steps include resource definition and bankability drilling, construction, and a phased restart of production following a positive decision.

Positive

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Negative

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Restart Step 1 target date Q4 2026 Original targeted completion for Redwing Mine dewatering, achieved ahead of schedule
DFS completion target Early Q1 2027 Expected conclusion of the Definitive Feasibility Study technical programme
Resource definition drilling 8,750 metres Planned surface exploration drilling in Step 3 of the Redwing restart pathway
Redwing restart steps 5 steps Dewatering, DFS technical programme, resource definition and bankability, construction, restart
Press release date September 21, 2026 Date Namib Minerals announced completion of dewatering at Redwing Mine
Definitive Feasibility Study financial
"feed the technical programme of the Definitive Feasibility Study (“DFS”)"
A definitive feasibility study is a detailed, near-final assessment that shows whether a proposed project—often a mine, infrastructure or major industrial venture—can be built and operated profitably. It combines precise engineering plans, realistic cost estimates, production schedules and risk analysis to give lenders and investors a clear picture of expected returns and potential pitfalls, like a full blueprint and budget that helps decide whether to greenlight financing and construction.
forward-looking statements regulatory
"This press release may include forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
bankability financial
"Resource definition and bankability | 8,750-metre surface exploration drilling"
The likelihood that a company, project, or asset can attract loans or investment because it is seen as low risk and able to deliver promised returns. Think of it like a borrower’s reputation with lenders: the more “bankable” something is, the easier and cheaper it is to get financing, which affects a firm’s ability to grow, complete projects, refinance debt, and its market value to investors.
fully funded financial
"The DFS technical programme remains fully funded through to completion"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Namib Minerals (NAMM) announce regarding the Redwing Mine dewatering?
Namib Minerals announced the completion of the dewatering programme at Redwing Mine, which was Step 1 of its five-step restart pathway. This was originally targeted for Q4 2026 but has been achieved ahead of that schedule, restoring safe access to underground workings.

How does the Redwing Mine dewatering milestone affect Namib Minerals’ DFS timeline?
The company states that the Definitive Feasibility Study (DFS) technical programme is fully funded and remains on track to conclude in early Q1 2027, unchanged from the schedule Namib Minerals published on July 20, 2026.

What are the five steps in Namib Minerals’ Redwing Mine restart pathway?
The pathway includes: 1) Dewatering, now completed; 2) DFS technical programme, underway; 3) Resource definition and bankability, including 8,750-metre drilling; 4) Construction upon a positive DFS decision; and 5) Restart with commissioning and phased return to production.

Is Step 2 of the Redwing Mine restart pathway funded for Namib Minerals (NAMM)?
Yes. Step 2, the DFS technical programme covering engineering, metallurgical, geotechnical, hydrological, environmental and financial workstreams, is described as fully funded through to completion and is currently underway.

What future work is planned at Redwing Mine after dewatering for Namib Minerals?
With dewatering complete, Namib Minerals plans underground mapping, sampling, and geotechnical and hydrological work programmes that support the DFS. Later steps include 8,750-metre surface exploration drilling, potential construction on a positive DFS decision, and a phased restart of production.

Where are Namib Minerals’ main operations located?
Namib Minerals is described as a gold producer, developer and explorer with operations focused in Zimbabwe. It currently operates the How Mine, an underground gold mine in Zimbabwe, and aims to restart two assets in the country, including Redwing Mine.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number 001-42685

 

Namib Minerals

(Translation of registrant’s name into English)

 

Suite 210, 2nd Floor, Windward III, Regatta Office Park
PO Box 500

Grand Cayman, Cayman Islands, KY1-1106

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On September 21, 2026, Namib Minerals (the “Company”) issued a press release announcing the completion of the dewatering programme at Redwing Mine.

 

The information included in this report on Form 6-K, including Exbibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act except to the extent specifically provided in such a filing.

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release, dated September 21, 2026.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

NAMIB MINERALS  
     
By: /s/ Siphesihle Mchunu  
Name: Siphesihle Mchunu  
Title: Chief Financial Officer  

 

Date: September 21, 2026

 

2

 

Exhibit 99.1

 

 

Namib Minerals Completes Dewatering at Redwing Mine, Delivering the First Milestone of its Five-Step Restart Pathway Ahead of Schedule.

 

New York, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib Minerals” or “the Company”) (Nasdaq: NAMM), an established African gold producer with a portfolio of mining assets in Zimbabwe, today announced the completion of the dewatering programme at Redwing Mine, the first of the five steps in the restart pathway the Company set out on July 20, 2026.

 

On July 20, 2026, Namib Minerals published a defined five-step pathway and targeted milestone schedule for the restart of Redwing Mine, with dewatering as Step 1 and completion targeted for Q4 2026. That step is now complete, ahead of the targeted schedule.

 

Completion of dewatering restores safe access to the underground workings, enabling underground mapping, sampling and the geotechnical and hydrological work programmes that feed the technical programme of the Definitive Feasibility Study (“DFS”). The DFS technical programme remains fully funded through to completion and on track to conclude in early Q1 2027, unchanged from the schedule published in July.

 

Tulani Sikwila, Chief Executive Officer and Chairman of Namib Minerals, commented: “Dewatering was the gateway to everything that follows at Redwing, and we have delivered it ahead of the schedule we published. We set out a five-step pathway in July precisely so that our shareholders could measure us against it. Step one is done, step two is funded and underway, and we intend to keep reporting against that same map.”

 

Redwing Restart Pathway

 

Step   Scope Target Status
1 – Dewatering Staged pumping to safely access underground workings Q4 2026 Completed
2 – DFS technical programme Engineering, metallurgical, geotechnical, hydrological, environmental and financial workstreams; fully funded Early Q1 2027 Underway
3 – Resource definition and bankability 8,750-metre surface exploration drilling and associated work Q4 2027 Next funding stage
4 – Construction Staged restart capital mobilisation and construction on a positive decision Upon DFS completion —
5 – Restart Commissioning and phased return to production Following construction —

 

 

 

About Namib Minerals

 

Namib Minerals (NASDAQ: NAMM) is a gold producer, developer and explorer with operations focused in Zimbabwe. Currently Namib Minerals operates the How Mine, an underground gold mine in Zimbabwe, and aims to restart two assets in Zimbabwe. For additional information, please visit namibminerals.com.

 

Forward-Looking Statements

 

This press release may include 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. Any statements that refer to restarts of mines, future financing or other future events or circumstances, including any underlying assumptions, are also forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company’s governance and leadership structure, its financing programme and the planned restart of the Redwing Mine. Forward-looking statements are based on current expectations, are inherently subject to uncertainties and changes in circumstance, 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 statements involve a number of risks and uncertainties described in the filings we make with the Securities and Exchange Commission, and you should carefully consider those factors. We caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made.

 

Contact:

 

Investor Relations:
Investor.relations@namibminerals.com

 

 

Source: View Original Filing on SEC EDGAR

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