Swanson Tantalum Mine | Arcadia Minerals Limited (ASX: AM7) / Orange River Pegmatite (Pty) Ltd
CRM
Information
Company Name/Description
Arcadia Minerals Limited (ASX: AM7) / Orange River Pegmatite (Pty) Ltd
Countries of Operation
Namibia
Ownership of Company: Local Company (Namibia) / ASX-Listed (Australia)
Number of years since incorporated
Upon request
Project Pitch
The Swanson Tantalum Mine is a DFS-complete, construction-ready tantalum project located on the Orange River in Namibia's //Karas Region. An independent DFS by M.Plan International Ltd (Canada, May 2023) confirms a post-tax NPV of US$15.6M, IRR of 63.1%, and LOM EBITDA of US$44.1M on a revised capex of ~US$7.0M with a 1.6-year payback over an 8-year mine life. The project produces a minimum 25% Ta₂O₅ concentrate at 65% recovery, processing 12,500 tpm ROM. Mining Licence ML 223 is granted (15 years to May 2037). Power (NamPower MoA, ~21 km line) and water (NamWater MoA, ~21 km pipeline) agreements are formalised. Long-lead equipment ordered. Swanson is one of very few advanced-stage tantalum projects outside the DRC conflict zone — offering certified, conflict-free, ESG-compliant supply to electronics, EV, defence, and medical device manufacturers. 200+ exploration targets across EPL 5047 and EPL 7295 offer substantial multi-commodity upside (Ta, Li, Sn, Ni, PGEs).
Team
Upon request
Type of Project
Private Company project
Stage
Growth Stage — DFS Complete, Mining Licence Granted, Construction-Ready
Employment
Temporary: 120
Permanent: 80
Seasonal: 0
Annual Revenue (in EUR)
Upon request
Total Project CAPEX (N$)
USD7M
Source of Current Income and Use of Capital:
Pre-revenue. Investment capital to be deployed into: construction and commissioning (12-month programme); power line and water pipeline infrastructure; long-lead equipment (spiral circuit and MGS units already ordered); exploration programme over EPL 5047 and EPL 7295 to expand and unlock Ta, Li, Sn, Ni, PGEs potential obver the 200+ pegmatites.V5
Financing needs (N$)
Upon request
Type of financing needed
Equity; Convertible Instrument; Strategic Offtake-Linked Investment
The Company is looking for:
Joint Venture / Strategic Partnership; Clients / Off-takers for Products or Services; Equity Investors
Planned allocation of fundraising capital
Power line (NamPower): ~US$886k; Water pipeline (NamWater): ~US$655k; Mining equipment & processing plant (spiral circuit, MGS units): ~US$3.0M; Infrastructure & civil works: ~US$1.2M; Working capital & contingency (10%): ~US$1.3M
Feasibility/Due Diligence
Technical: Completed — Independent DFS by M.Plan International Ltd (Canada), May 2023. JORC 2012 compliant.
Financial: Completed — Post-tax NPV US$15.6M (8%); IRR 63.1%; LOM EBITDA US$44.1M; Avg. Annual FCF US$5.5M; Payback 1.6 years at base case.
Environmental: Completed — Mining Licence ML 223 granted. Environmental assessments conducted. EIA complete for ML 223 area.