About

New Dawn Metals (NDM), previously Optiva Resources, a company incorporated in England and Wales in January 2019, has signed a Technical Partnership Agreement with Base Metals Guinee SARLU, a Guinean company, that has exploration licences in the Mamou and Faranah prefectures in the Republic of Guinea. These licences are referred to as the Marela Project.

The Technical Partnership Agreement was approved by the Minister of Mines in March 2019. Under the terms of the Technical Partnership Agreement the mining licence will be granted to NDM’s Guinean subsidiary company at the “decision to mine” stage and NDM will then hold an 85% interest, with the Government of Guinea holding 15%. NDM has strong local support for project development and will work closely with the Government for the benefit of all stakeholders.

NDM’s principal objective is to develop Guinea’s first scandium, titanium and vanadium mine and processing plant to produce a mixed ilmenite-magnetite concentrate and scandium oxide. NDM plans to sell the mixed Ti-V concentrate to off-takers for the production of vanadium pentoxide and synthetic rutile by using pyrometallurgical and hydrometallurgical processes. NDM’s secondary objective is to produce nickel-cobalt Mixed Hydroxide Precipitate (MHP).

NDM plans to list on the Australian Stock Exchange in 2025.

Meet the team

Decades of mining experience in Africa