Orvana Minerals' Bolivia Project Delayed

Namib Minerals has announced that its Oxide Stockpile Project (OSP) at the Don Mario operation in Bolivia, run by its subsidiary Empresa Minera Paitití, will be delayed due to significant civil unrest in Bolivia. Nationwide strikes and road blockades are disrupting transport and logistics, causing constraints on the supply of necessary materials for the project. This delay impacts the commencement of oxide ore processing, which was previously expected to begin. Namib Minerals is monitoring the situation, prioritizing personnel safety, and evaluating alternative sourcing options, but cannot provide a revised start-up date or updated guidance at this time. The company had successfully completed the verification phase of the Au-Ag circuit, producing Gold and Silver ounces, and was advancing the copper circuits before these disruptions.