Definitive Feasibility Study (DFS)

19 Sep

Osino requires 1,1 million cubic meters of water

ObserverObserver MoneyDefinitive Feasibility Study (DFS), Kranzberg Aquifer, SLR Environmental Consulting

CHAMWE KAIRA The planned gold mine near Karibib will consumer over 1,1 million cubic meters of water, a report on the proposed abstraction of groundwater from the Kranzberg Aquifer in the Erongo Region. The proposed project is situated in close proximity to Usakos town. The report conducted by SLR Environmental Consulting said the current Definitive Feasibility Study (DFS) mine infrastructure and plant designs at Osino Resources’s Twin Hills has indicated a daily water demand of 3 300 million cubic meters (m3) of water per day or 1,1 Million m3/annum catering for five million tonnes per annum (Mtpa) throughput and sustain…

15 Aug

Bannerman Energy raise N$110m for project

ObserverObserver MoneyDefinitive Feasibility Study (DFS), Etango Project

CHAMWE KAIRA Bannerman Energy Ltd has raised N$110 million by issuing new shares to investors. The money that was raised will be used for the developing of the Etango Project in the Erongo Region. The company confirmed that following the receipt of shareholder approval at the general meeting held on 12 August, tranche two of the placement announced 28 June had been successfully completed. Accordingly, the company has today issued 2,830,765 new fully paid ordinary shares to new and existing institutional and sophisticated investors at an issue price of A$3.30 per. The new share will raise gross proceeds of approximately…