Cazaly Resources Ltd. has secured an exclusive prospecting licence for the Abenab North project in northern Namibia, expanding its footprint in the highly prospective Otavi Fold Belt, part of the Pan-African Damara Copper Belt. “We believe the project hosts significant potential for discoveries, with several untested magnetic anomalies located within the licence area,” French said. Midas Minerals Ltd., which holds ground in the district, recently reported high-grade sediment-hosted copper intercepts at its Otavi Copper Project, reinforcing the region’s ongoing prospectivity. Cazaly has since reprocessed regional aeromagnetic data over the project area, identifying a large 800-metre-diameter magnetic high known as the Cadix anomaly. Abenab North adds to the growing pipeline of copper and critical minerals exploration projects within Namibia’s northern carbonate platform.

Source: The North Africa Journal February 27, 2026 08:58 UTC