Golden Deeps (ASX: GED) is an emerging low-cost vanadium producer, on track to commence production at the Abenab Vanadium-Lead-Zinc Project in Namibia in 2020.
Golden Deeps aims to produce high-grade vanadium products that will provide it direct exposure to high growth markets for batteries and energy storage facilities.
The Company is in the fortuitous position of combining unique geology and operating model at Abenab with a very low capex and opex scenario, enabling it to proceed to production without the usual high cost barriers to development.
Abenab will be a major development that will create an economic legacy for people in the region with investment in infrastructure, employment and export revenue. It is the Company’s intention to employ approximately 75% of its staffing requirements at Abenab from the local workforce.
The Abenab Project will have limited environmental impact as it will use the existing rail corridor and port and GED will implement best environmental and rehabilitation practices.