Ondoto Rare Earth Mine | Gecko / Ondoto
CRM & Energy
Information
Company Name/Description
Gecko / Ondoto
Countries of Operation
Namibia
Ownership of Company: Namibian/ Local Private Company
Number of years since incorporated
Upon Request
Project Pitch
Primarily targeted Rare Earth Elements (REE) occur in unusually high-grade magmatic bands of REE-carbonatite, locally named “pink ore”, which contain between 18 and 22% Total Rare Earth Oxides (TREO). The main REE mineral is called bastnaesite which is regarded as the metallurgically most easy REE mineral for downstream processing.The Ondoto deposit contains about 14% Neodymium and Praseodymium (NdPr) in its REE basket. NdPr is the main component in rare earth–iron–boron magnets used in electric vehicles.
Team
Upon Request
Type of Project
Private Company project
Stage
Early Venture/ Development-ready / fully licensed
Employment
Temporary: 250
Permanent: 150
Seasonal: /
Annual Revenue (in EUR)
Upon Request
Total Project CAPEX (N$)
USD16.3M
Source of Current Income and Use of Capital:
No Current Revenue Streams
Financing needs (N$) / Type of financing needed
Our right purchase
The Company is looking for:
100 % Sale of Share (Equity)
Planned allocation of fundraising capital
1) Direct Field Cost USD 11,864 million 2) Indirect Costs USD 2,966 million 3) Contingency Costs USD 1,483 million
Feasibility/Due Diligence
Technical: Not Conducted
Financial: Financial Modelling
Environmental: EIA and ECC - Completed