Namib Minerals (NASDAQ:NAMM) ("Namib Minerals" or the "Company") today provided an update on the Mill Expansion Project at How Mine, a key component of the Company's strategy to expand processing capacity and grow gold output at its flagship asset.

The Company is pleased to announce that the civil works on the mill installation are at an advanced stage. The raft foundation, mill plinth and tower foundations have been completed.

Furthermore, the principal mechanical components have been delivered to site, including the mill shell, which will help ensure that the project remains on pace to be completed on time. In respect of power, factory acceptance tests for the project transformer and starter have been completed