Bringing a world-class copper resource responsibly into production
Through the acquisition of a controlling interest in the Omitiomire project, we have taken an overlooked asset and applied fresh technical thinking, disciplined development planning, and deep in-country experience to unlock its full potential.
Our ambition is straightforward: to build a safe, efficient, and long-life copper mine that creates lasting value for our shareholders, our people, and the Namibian communities we operate alongside.
Omitiomire is an open-pit copper project located approximately 140 kilometres north-east of Windhoek, in a sparsely populated farming region of central Namibia. The asset benefits from an established mining licence secured through 2036, with renewal available on expiry.
The project hosts a defined mineral resource of approximately 123 million tonnes at 0.51% copper, with a mineable inventory of around 102 million tonnes at 0.51% copper — supporting total life-of-mine copper production of roughly 520,000 tonnes.
Where the asset's earlier studies envisaged a leaching process, our technical review confirmed that around 95% of the orebody is floatable copper sulphide. By transitioning to a flotation flowsheet, we expect to lift copper recoveries substantially — from roughly 73.5% under the previous plan to the high-80s to low-90s percent — improving both economics and environmental footprint. This work sits alongside a full rebuild of the resource model, an optimised mine plan that prioritises higher-grade ore early, and a capital-efficient approach to equipment.
Once in operation, Omitiomire is designed to produce approximately 26,000 tonnes of copper per year over a 16-year mine life, entirely from open-pit mining.
Omitiomire is expected to operate at a life-of-mine cost position of US$2.55–2.70 per pound of copper, well below long-term consensus copper prices — providing a healthy margin cushion and resilience through commodity cycles.
The project's exploration licence covers the entire Ekuja Dome, with near-mine and regional targets identified. A funded drilling programme is planned to test this upside early, with the aim of extending mine life and enhancing project value.
We believe the best copper projects are built on sound geology, honest engineering, and strong local partnerships. Our development plan reflects extensive technical diligence — including multiple site visits, independent processing testwork, and cost estimates built from first principles — and draws on our team's direct experience operating in Namibia.
The result is a project we understand deeply and can execute with confidence.
Omico Copper is led by an experienced team of mining, technical, and finance professionals with a track record of developing and operating assets in Africa and beyond.
Project Director
Project Manager
Corporate Services Manager
Omico Copper is backed by Appian Capital Advisory, a specialist mining investor with a strong operating track record in Namibia and internationally.
In addition, a 5% interest in the project is held by the Craton Foundation, a charitable organisation dedicated to addressing social needs in the local area — embedding community benefit directly into the ownership of the project.
