{"id":129236,"title":"Unicorn Mineral Resources Agrees Deal to Acquire 75% of Historic Klein Aub Copper Mine in Namibia","publisher":"Share Talk","author":"sharetalk","published":"2025-11-13T09:15:49+00:00","modified":"2025-11-13T09:15:49+00:00","canonical_url":"https://www.share-talk.com/unicorn-mineral-resources-agrees-deal-to-acquire-75-of-historic-klein-aub-copper-mine-in-namibia/","markdown_url":"https://www.share-talk.com/unicorn-mineral-resources-agrees-deal-to-acquire-75-of-historic-klein-aub-copper-mine-in-namibia.md","json_url":"https://www.share-talk.com/unicorn-mineral-resources-agrees-deal-to-acquire-75-of-historic-klein-aub-copper-mine-in-namibia.json","category":"Mining","categories":["Mining"],"tags":["Electro Automation Group","Jason Brewer","John O'Connor","Marula Mining","Neo Energy Metals","Paddy Doherty","Patrick Doherty","Shuka Minerals","UMR","Unicorn Mineral Resources"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/11/GNIBUHTWIAA3IKe-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Unicorn Mineral Resources (LSE: UMR)](https://www.londonstockexchange.com/news-article/UMR/update-on-potential-namibian-acquisition/17324658)has signed **conditional terms** to acquire a **75% stake** in the historic **Klein Aub Copper Mine** in Namibia for **ZAR 26.5 million (approximately £1 million)**, with most of the consideration to be settled through the issue of **8.6 million UMR shares at 10p**.\n\nKlein Aub previously produced **5.5 million tonnes at 2% copper and 50 g/t silver**, and recent assessments indicate a significant **5.6Mt of tailings and slimes**, containing an estimated **15,460 tonnes of copper** and **1.4 million ounces of silver**. Exploration also highlights **additional unmined lodes** continuing along strike, offering further upside potential.\n\nUMR plans to recover metals from the tailings using an **environmentally friendly leaching process**, with **metallurgical test results expected in early 2026**. Completion of the acquisition — **targeted for late Q1 2026** — is contingent on these metallurgical outcomes being favourable.\n\nThe company said the opportunity positions UMR to advance a **low-cost, lower-impact copper and silver production pathway**, unlocking value from historic mining infrastructure while contributing to growing demand for energy-transition metals."}