Can Renewed Feasibility Work Help NAMM Clarify Its Commitment to Sustainable Gold Growth?

• On October 9, 2025, Namib Minerals announced it has re-engaged WSP, a global professional services firm, to conduct comprehensive feasibility studies for its Redwing and Mazowe Gold mining assets in Zimbabwe.
• This renewed partnership leverages WSP's prior operational knowledge and is aimed at advancing Namib Minerals' goal of expanding sustainable gold and critical minerals production.
• We'll now examine how leveraging WSP's expertise in asset evaluation may shape Namib Minerals' broader investment story and expansion objectives.

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What Is Namib Minerals' Investment Narrative?

If you’re considering Namib Minerals, the big picture centers on faith in management’s ability to realize sustainable production growth while rebuilding from early operational challenges. The latest move to re-engage WSP for new feasibility studies is timely, as it signals intent to address the fundamental risk of underutilized assets and operational setbacks that contributed to this year’s revenue decline and net loss of US$11.9 million. Prior to this news, short-term catalysts were largely focused on revenue growth forecasts and early signs of production ramp-up, but the studies could now become the tipping point for resetting market expectations and regaining investor confidence. Yet, with a board and management team still short on tenure, volatile share performance, and concerns about negative equity and high debt, the company's biggest risk, execution missteps, remains salient despite fair value signals. The WSP partnership may influence outcomes, but the path is not without obstacles.

But on the other hand, high debt levels remain a crucial risk for investors to consider. According our valuation report, there's an indication that Namib Minerals' share price might be on the cheaper side.

Exploring Other Perspectives

Community members in Simply Wall St have submitted two fair value opinions, spanning from just over US$443,000 to a very large US$4.43 million. These wide-ranging views highlight how analysis of Namib Minerals' potential is far from settled. With execution risk still evident after the WSP update, there is plenty of room for debate about where the stock could go.

Explore 2 other fair value estimates on Namib Minerals - why the stock might be a potential multi-bagger!

Build Your Own Namib Minerals Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Namib Minerals research is our analysis highlighting 3 key rewards and 4 important warning signs that could impact your investment decision.
• Our free Namib Minerals research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Namib Minerals' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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