Projects

Otjikoto Mine & Regional Exploration – Namibia

The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 km north of the country’s capital, Windhoek. Otjikoto is the largest gold producer in the country.

On January 31, 2024, positive exploration drilling results from the Antelope deposit at the Otjikoto Mine were announced. The Antelope deposit, comprised of the Springbok Zone, the Oryx Zone, and a possible third structure, Impala, subject to further confirmatory drilling, is located approximately 3 kilometers south of the Otjikoto Phase 5 open pit. The Antelope deposit has the potential to be developed as an underground mining operation, which would complement the expected processing of low-grade stockpiles at the Otjikoto mill from 2026 through 2031.

The total exploration budget for Namibia in 2024 is approximately $9 million, the largest program since the definition of the Wolfshag discovery in 2012, with 39,000 meters of drilling planned to define and expand the recently discovered Antelope deposit.

Supporting Documents:

For the latest details and news releases pertaining to the Otjikoto Mine:

  • Click here for B2Gold's Q4 2023 Earnings news release (dated February 21, 2024)
  • Click here for B2Gold’s news release: B2Gold Announces Positive Exploration Drilling Results from the Antelope Deposit at the Otjikoto Mine in Namibia, Highlighting the Potential to Expand Underground Gold Production through the Early 2030’s (dated January 31, 2024)

For a more detailed overview of the Otjikoto Mine, please refer to the following most recent company documents:

  • Click here for B2Gold's Q4 and Full Year 2023 Management Discussion & Analysis (dated December 31, 2023)
  • Click here for B2Gold’s Q4 and Full Year 2023 Financial Statements (dated December 31, 2023)
  • Click here for B2Gold's 2023 Annual Information Form (dated March 16, 2023)

 

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