roughly 3 500 km² across Namibia and a team with extensive in-country experience in gold discovery. Since its listing, the company has gained strong momentum. Ongwe came to market at C$0.40 per share and now trades in the range of C$1.30–C$1.40. “The company is performing well, and, more importantly, our exploration results have been extremely encouraging,” he says. Exploration portfolio The company’s assets are located near significant gold projects, creating potential synergies and the opportunity to establish a new gold district. Joone believes the Damara Belt could host multiple discoveries with the potential for district-scale mineralisation yet to be fully realised. Ongwe secured an option to earn a 70% interest in the Damara Gold Project in central and northwestern Namibia. The Damara project is comprised of three separate project areas, namely Khorixas, Omatjete and Outjo. Early exploration has shown extensive surface mineralisation with typical Damara orogenic gold mineralisation signatures. • The Omatjete Gold Project (151 800 ha) contains the Manga Prospect & Nguni Prospects, located along the Okondeka Fault Zone 35 km and 55 km along strike from the recently discovered Kokoseb gold deposit (WIA Gold), has a strike footprint of 4.5 km and 5 km respectively. • The Khorixas Gold Project (154 000 ha) includes the Belmont Prospect, an orogenic gold system with a surface footprint of
Ongwe Minerals began as a small team of geologists united by a shared ambition to discover new gold deposits.
12 km x 6 km and numerous high grade rock chips at surface. • The Outjo Gold Project (46 000 ha) is along strike from Osino’s Eureka Gold Discovery and occupies a geological setting similar to that of the Eureka Discovery. Since the beginning of the year, the company has undertaken
SEPTEMBER 2026 | www.modernminingmagazine.co.za MODERN MINING 13
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