Reefton exploration continues

REEFTON Mining NL has announced that it will accelerate its Skeleton Coast Project following Government’s decision to renew prospecting licences covering that area.

Reefton, an Australian company, is currently engaged in an exploration and mineral sands project on the Skeleton Coast and says with the renewing of the licence, it will now embark on full-scale exploration. The exploration will focus on the diamond potential of 220 kilometres of coastline making up the Skeleton Coast Project and the potential of visually abundant heavy metals that have been proven to include zircon.In a statement issued yesterday, Reefton’s Chairman Bradley Moore said the decision by the Government represented a significant milestone for the company as it eliminated any uncertainty regarding its presence in Namibia.Moore said Reefton had been advised by the Ministry of Mines and Energy this week of its decision to grant renewal applications for exclusive prospecting licences covering the Skeleton Coast Project.The latest approval meant that Reefton received a positive response to its renewal applications for its projects, which are the Erongo Polymetallic Project and the inclusion of Industrial Minerals at the Skeleton Coast Project.”We can now embark on full-scale exploration of these projects and our board and management look forward to delivering positive results for the benefit of Reefton and Namibia,” said Moore, adding that the company would provide progressive updates on its exploration programmes and results.The exploration will focus on the diamond potential of 220 kilometres of coastline making up the Skeleton Coast Project and the potential of visually abundant heavy metals that have been proven to include zircon.In a statement issued yesterday, Reefton’s Chairman Bradley Moore said the decision by the Government represented a significant milestone for the company as it eliminated any uncertainty regarding its presence in Namibia.Moore said Reefton had been advised by the Ministry of Mines and Energy this week of its decision to grant renewal applications for exclusive prospecting licences covering the Skeleton Coast Project.The latest approval meant that Reefton received a positive response to its renewal applications for its projects, which are the Erongo Polymetallic Project and the inclusion of Industrial Minerals at the Skeleton Coast Project. “We can now embark on full-scale exploration of these projects and our board and management look forward to delivering positive results for the benefit of Reefton and Namibia,” said Moore, adding that the company would provide progressive updates on its exploration programmes and results.