Namibia is showing the world it is a lucrative destination to build, own and operate a mine, especially if B2Gold Corp and its Otjikoto gold project are anything to judge by, writes Laura Cornish.
Namibia may be recognised primarily for its uranium-rich deposits, but this is not all it has to offer. In January last year, TSX/NYSE-NYT/NSX-listed gold major B2Gold announced it was moving its Otjikoto gold project (which it acquired with a resource) into construction following positive conclusive feasibility results. The company has brought gold interest to the country and is showcasing the commodity favourably.
‘Typical’ mining/construction startup challenges aside, Otjikoto’s advancement has been plain sailing ever since. Not only has it remained on budget and schedule since construction started (almost a year and a half down the line), but it is already gearing up for expansion – before production has even started. Even more exciting is its most recent discovery – a new and substantially higher grade deposit situated adjacent to the main pit area.