Namibia

International Base Metals has established a wholly-owned Namibian-registered subsidiary company, Craton Mining and Exploration (Pty) Ltd, ('Craton') as its operating entity in Namibia. Craton has an exploration team of 10 geologists, field assistants and support staff, led by Karl Hartmann, an experienced Namibian geologist, operating out of Windhoek, the capital of Namibia.Craton has concentrated its exploration effort on the Omitiomire copper prospect, which is emerging as a major new copper discovery. Exploration activities are being carried out over project areas stretching from the north to the southern border of Namibia.