- **Namib Minerals** has re-engaged WSP, a professional services firm, to conduct comprehensive feasibility studies for its Redwing and Mazowe Gold mining assets in Zimbabwe.  **[2026514_0001213900-25-097848_ea0260873-6k_namib.htm:0]** **[2026514_0001213900-25-097848_ea026087301ex99-1_namib.htm:0]** 
- The studies are a **critical step** towards bringing Namib Minerals' operations to full capacity and supporting its strategy of sustainable growth in Gold and Critical Minerals production.  **[2026514_0001213900-25-097848_ea026087301ex99-1_namib.htm:0]** 
- This renewed engagement leverages WSP's **in-depth knowledge** and prior experience with the company's assets to accelerate development plans.  **[2026514_0001213900-25-097848_ea026087301ex99-1_namib.htm:0]**

Namib Minerals Re-engages WSP for Feasibility Studies

- Namib Minerals reported a **net loss of $11.9 million** for the six months ended June 30, 2025, a significant decrease from a **net profit of $9.2 million** in the prior year, primarily due to **$10.2 million in non-recurring transaction costs** and **$5.1 million in non-cash listing transactions**.  **[2026514_0001213900-25-093377_ea025667701ex99-1_namib.htm:0]** **[2026514_0001213900-25-093377_ea025667701ex99-2_namib.htm:4]** **[2026514_0001213900-25-093377_ea025667701ex99-2_namib.htm:9]** 
- **Revenue decreased by 13%** to **$36.4 million** for the six months ended June 30, 2025, from **$41.9 million** in the same period of 2024, driven by a **32% gold grade reduction** at How Mine, partially offset by a **40% increase in average net realized gold prices**.  **[2026514_0001213900-25-093377_ea025667701ex99-1_namib.htm:0]** **[2026514_0001213900-25-093377_ea025667701ex99-2_namib.htm:4]** **[2026514_0001213900-25-093377_ea025667701ex99-2_namib.htm:5]** 
- **Basic loss per share** was **$0.24** for the six months ended June 30, 2025, compared to **earnings per share of $0.19** for the six months ended June 30, 2024.  **[2026514_0001213900-25-093377_ea025667701ex99-1_namib.htm:0]** 
- **Net cash provided by operating activities decreased by 49%** to **$5.8 million** for the six months ended June 30, 2025, from **$11.4 million** in the prior year, reflecting the reduction in operating profit.  **[2026514_0001213900-25-093377_ea025667701ex99-1_namib.htm:2]** **[2026514_0001213900-25-093377_ea025667701ex99-2_namib.htm:9]**

Namib Minerals (NAMM)