African Pioneer Plc (LSE:AFP) has achieved a major regulatory milestone with the approval of an unconditional mining licence for its Ongombo Copper-Gold Project, located in Namibia’s Khomas Region. The licence is valid until 2045, granting the company a 20-year runway to advance the project into full-scale operations.
With the licence now secured, African Pioneer is moving swiftly into the development phase, focusing initially on launching a low-cost open-pit mining operation. This approach is designed to fast-track production while minimizing upfront capital requirements, potentially positioning Ongombo as a significant new source of copper and gold in the region.
The approval not only advances the company’s flagship project but also strengthens its presence in Namibia’s mining sector, a country known for its resource potential and investor-friendly regulatory environment.
About African Pioneer Plc
African Pioneer is a UK-listed mining exploration and development company focused on copper and gold assets in Southern Africa. The company’s principal asset is the Ongombo Project in Namibia, where it is targeting near-term production. African Pioneer’s strategy centers on identifying undervalued mineral projects with strong development potential and progressing them through early-stage exploration into production.
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