Namibia Critical Metals Inc. announced that it has commenced resource in-fill drilling as part of the Pre-Feasibility Study at the significantly expanded "Lofdal 2B-4" Heavy Rare Earth Project. A final drill program was worked out by the Company with support by The MSA Group to increase the level of resource categories as required for the PFS for the expanded project "Lofdal 2B-4". Phase 1 of the resource drilling campaign has commenced at the end of January 2023 and aims at drilling of 35 RC holes for a total of 4,930 m in Area 4 until mid-March 2023.

A Phase 2 campaign of 4 RC holes of 310 m length each is planned to conclude RC drilling for PFS by end of March 2023. Four in-fill boreholes are planned at Area 2B to obtain samples across the planned pit "2B" for variability test work at SGS Lakefield. Variability tests will conclude metallurgical test work to conduct flotation and hydrometallurgical processing on pilot plant scale.

Further, the Company completed a geotechnical drilling campaign on 15thDecember 2022. A total of 7 holes for 1,326 m was drilled in the hanging walls of the planned pits "2B" and "4" to take samples for geotechnical testing. The geotechnical studies are contracted to SRK Consulting (South Africa) (Pty) Ltd. in Johannesburg and are planned to be completed by end of March 2023.

The Lofdal deposit has the potential for significant production of dysprosium and terbium, two of the most valuable heavy rare earth elements, and is targeting to become a long term, sustainable supply of heavy rare earths.