Namibia at a Glance
Why Namibia?
- Low political risk
- Well-developed mining industry
- 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 owns 46.3% of Omico Copper Limited based in Mauritius which in turn owns 95% of Craton Mining and Exploration (Pty) Ltd in Namibia. Craton maintains Mining Licence ML197 which covers the Omitiomire Copper project areas. Omico Copper Limited is fully funded and is committed to investing USD5.0 million in the production of a Bankable Feasibility Study (BFS) planned to be complete by calendar year end 2022. Omico also hold Exploration Licence EPL3589 covering 735km2 which can be broadly described as the ground surrounding the mining licence.
