In this episode, we chat with Mark Sawyer and Mike Stuart of Omico Mining Corp who are a joint venture between Greenstone Resources LP, a private equity fund specialising in the mining and metals sector, and International Base Metals Limited, an Australian natural resources unlisted public company and advancing the development of the copper asset in central Namibia.

Mark has a background in finance and law and Mike’s background is in geology. Today we talk about the history of the business, their recent released BFS, the project and discuss what’s happening in the market.

KEY TAKEAWAYS

• Omico Mining Corp is a joint venture between Greenstone Resources LP and International Base Metals Limited, focusing on the development of a copper asset in Namibia. The company aims to leverage its expertise in finance, law, and geology to advance the project.
• The project will utilise solvent extraction and electrowinning (SX/EW) processing technology, specifically a chloride heap leach method. This approach has been optimized over four years of metallurgical testing, resulting in reduced acid consumption and shorter leach cycle times.
• The project is situated in a mining-friendly jurisdiction with existing infrastructure, including access to power and water. A 70-kilometre power line will be built, and a significant aquifer has been identified for water supply, which is crucial for the heap leaching process.
• Omico Mining Corp already holds a valid mining license until 2036. The company has completed the environmental and social impact assessments and is awaiting environmental clearance, which is expected in the first quarter of the following year.

BEST MOMENTS

"We see this time and time again... corners were cut. A lot of money was wasted. I think there was a missed opportunity to look at this from an entirely different perspective."

"The advantage of using heap leach over the previous ideas of using flotation was that it uses about a third of the water previously."

"This is a project that will get built. The challenge for us is to put the right structure in place to move the project forward."

"There is exploration potential around the whole dome. We haven't focused on it in the last few years... but there is some potential."

"Given the scarcity of shovel-ready copper projects out there, there's a lot of interest in it right now."

VALUABLE RESOURCES

Mail:        rob@mining-international.org

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

GUEST SOCIALS

https://www.greenstoneresources.com/

https://www.omicomining.com/

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

rob@mining-international.org

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.