Online Reporter
Nqobile Bhebhe [email protected]
NAMIB Minerals has completed the first milestone in its five-step plan to restart Redwing Mine ahead of schedule, marking progress in efforts to bring the historic Zimbabwean gold operation back into production.
The Nasdaq-listed gold producer said completion of the first stage of its restart pathway, announced on July 20, had opened the way for the next phase of technical work at the mine.
The company had initially targeted completion of the first step in the fourth quarter of 2026.
The next phase will focus on underground mapping, sampling, as well as geotechnical and hydrological investigations to support the technical programme for the mine’s Definitive Feasibility Study (DFS), which remains fully funded and is scheduled for completion in the first quarter of 2027.
In an update, Namib Minerals chief executive officer and chairman Tulani Sikwila said the company was making progress against the timetable it had set for shareholders.
“Dewatering was the gateway to everything that follows at Redwing, and we have delivered it ahead of the schedule we published.
“We set out a five-step pathway in July precisely so that our shareholders could measure us against it. Step one is done, step two is funded and underway, and we intend to keep reporting against that same map.”
The company said Step Two was already funded and underway, with the programme moving into detailed underground technical investigations.
The progress comes as Zimbabwe seeks to expand gold production and attract fresh investment into mining, one of the country’s key sources of foreign currency.
Redwing is among Namib Minerals’ mining assets in Zimbabwe, with the company pursuing a phased restart approach designed to establish the technical and economic basis for resuming operations.
Completion of the first milestone ahead of schedule marks progress in implementing the restart pathway, while the subsequent technical work will provide information required for the remaining stages of the programme.
Namib Minerals said it would continue reporting progress against the five-step pathway as it advances the Redwing restart programme.
