Name of the Project
Swanson tantalum/lithium project.

Location
Karas region, southern Namibia.

Project Owner/s
Arcadia Minerals’ 80% interest in the project is set to dilute to 49.6%, subject to construction funding of not less than $7-million being expended by Hebei Construction in return for an equity interest of 38%.

Project Description
The project involves the opencast mining of the D-pegmatite and E F-pegmatite deposits, primary and secondary contractor crushing and screening, a spiral concentrator plant, dry stacking of the spiral tailings and mine waste, as well as associated bulk infrastructure supply and other services normally associated with opencast mining in Southern Africa.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of A$15.36-million and an internal rate of return of 25.4%, with a payback of 3.2 years.

Capital Expenditure
A$14.79-million.

Planned Start/End Date
The project will take 18 months to complete.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Arcadia Minerals, tel +61 8 6158 9990 or email info@arcadiaminerals.global.