Steinhausen Project

The Steinhausen Project consists of three granted EPLs surrounding, and to the south of, the Omitiomire Project. Known copper mineralisation, widespread within the project area, has been the subject of previous exploration, mainly during the 1970s. Craton has been carrying out regional-scale soil geochemical surveys and ground magnetics surveys, and progressively following up targets by drilling. 

The tenements cover several Mesoproterozoic-age basement inliers (domes).  In EPL 3589, the Ekuja Dome hosts the Omitiomire deposit and other known copper mineralisation. Surrounding the domes and occupying the remainder of the area are metamorphosed sedimentary rocks of the Neoproterozoic-age Damara Sequence. 

In EPL4151, Craton has failed to identify extensions to known prospects nor identify significant new targets. Craton is in the process of relinquishing the licence.
In EPL4150, geochemical sampling has identified several targets within the Seeis Dome and the overlying sedimentary rocks.  Shallow trenches on EPL 4150 have recently intersected up to 1.7% copper and 26g/t silver on the newly discovered Andrea prospect.

For recent exploration results, please refer to the IBML Annual Report.


Namibia at a Glance


Why Namibia?

  • Low political risk
  • Well-developed mining industry
  • Under-explored base metal trends
  • Good infrastructure
  • Effective mining and taxation legislation
  • Transparent teunure system
  • Effective bureaucracy
  • Foreign investment encouraged
  • Good exploration and mining support


Craton's Mineral Tenements

The Company’s assets in Namibia are held by a wholly-owned Namibian-registered subsidiary company, Craton Mining and Exploration (Pty) Ltd (‘Craton’). The Company’s major asset is the Omitiomire Copper Project. 

Craton also holds three Exclusive Prospecting Licences (‘EPLs’) surrounding Omitiomire and mostly within potential trucking distance of the proposed Omitiomire processing plant.  These exploration tenements constitute the Company’s Steinhausen Project.

In the Kalahari Copperbelt Project, Craton holds another EPL which contains the Sib copper deposit.

AuriCula Mines Pty Ltd

IBML’s wholly-owned subsidiary, AuriCula Mines Pty Ltd, holds a 10% interest in two project areas south of Cobar in western NSW.  The project areas have historic mine workings and are considered to have good potential for discovery of copper-gold resources.  Exploration is being conducted by Cobar Management Pty Ltd (‘CMPL’), a subsidiary of Glencore. 

For recent exploration results, please refer to the IBML Annual Report.

Location of AuriCula’s project areas

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