By Staff Reporter
WINDHOEK, July 7 — Golden Deeps Limited (GED) has announced the discovery of “significant” concentrations of germanium and gallium at its Nosib deposit in Namibia. The company said that the discoveries could have a major impact on the value of the deposit, as germanium and gallium are both rare earth elements (REEs) that are in high demand.
Germanium is a semiconductor that is used in a variety of electronic devices, including solar cells, lasers, and night vision goggles. Gallium is also a semiconductor, and it is used in a variety of applications, including LED lighting and touchscreen displays.
The demand for germanium and gallium is expected to grow in the coming years, as these elements are used in more and more electronic devices. In addition, China, which is the world’s largest producer of REEs, has recently imposed export restrictions on germanium and gallium. This could drive demand and prices for these elements even higher.
GED is currently conducting metallurgical testwork in Perth, Australia, to determine how to recover germanium and gallium from the Nosib deposit. The company said that it is confident that it can recover these elements in a cost-effective manner.
The discovery of germanium and gallium at the Nosib deposit is a major positive development for GED. The company said that it believes that the Nosib deposit could become one of the world’s largest sources of these rare earth elements.
GED’s share price has surged in response to the announcement, rising by more than 50% in early trading. The company’s shares are now trading at 1.1 cents per share.
The discovery of germanium and gallium at the Nosib deposit is a significant development for the REE industry. It is a reminder of the vast potential of these resources, and it could lead to a new wave of exploration and development in Namibia and other countries that are rich in REEs.
In addition to the potential economic benefits, the discovery of germanium and gallium at the Nosib deposit could also have environmental benefits. These elements can be used to produce more efficient and environmentally friendly electronic devices. For example, germanium can be used to make solar cells that are more efficient at converting sunlight into electricity.
The discovery of germanium and gallium at the Nosib deposit is a positive development for the global economy and the environment. It is a reminder of the importance of REEs, and it could lead to new innovations in a variety of industries.
– Namibia Daily News
