Ongwe Minerals Announces Voluntary Filing of Technical Report

Ongwe Minerals Inc. (ticker OGW) has voluntarily filed a NI 43-101 Technical Report for its Omatjete Gold Project in Namibia, with an effective date of May 31, 2026. The report, titled “NI 43-101 Technical Report on the Omatjete Gold Project, Namibia,” was prepared by The MSA Group (Pty) Ltd. and authored by Michael J. Robertson, Pr.Sci.Nat (400005/92); MAusIMM (316078). The filing was submitted under the Company’s profile on SEDAR+ and was not filed in connection with a material change or short-form prospectus.
The technical report highlights the Nguni target, a greenfields discovery characterized by a large-scale, high-grade gold-in-soil anomaly, marking the project as the company's flagship asset. The Nguni target is identified as a totally greenfields discovery with no known prior gold occurrences. It features a 5km long gold-in-soil footprint with values up to 1.3 g/t. The target is open to the west, north, and east.
Ongwe has tied up 50km of strike length along the Okondeka Fault Zone, where the project is located, with regional sampling ongoing to locate further anomalous gold. The Omatjete Gold Project also includes the Manga Gold Prospect, which features a 4.5km x 1km footprint of gold-in-soil and early scout drilling indicating gold in bedrock.
The company plans to initiate a maiden diamond drill program at the Nguni target in August 2026 to test the anomaly.
Dave Underwood, CEO, stated: “The Omatjete Project has recently become the flagship project for the Company since the regional sampling program outlined the large scale, high grade, gold in soil anomaly, now known as the Nguni target. Nguni is a totally greenfields discovery and there are no known gold occurrences in the area, highlighting once again how under explored the Damara Belt in Namibia is. We look forward to kicking off the maiden diamond drill program at Nguni in August, 2026.”
The Khorixas Gold Project is situated 60km west of Osino's Eureka gold project, adjacent to the northern margin of the Damara Orogenic Belt. The Belmont Prospect features a surface gold footprint of approximately 12 x 6km, lying between the Khorixas Fault and the Belmont Thrust Zone. Eighteen target areas have been identified via calcrete and grab sampling. Additionally, the K17 Prospect represents a 12km² surface discovery of copper-gold mineralization in soil and rock chip samples, believed to be intrusion-related. A geophysical program is planned for H2 2026 to define subsurface mineralization and develop drill targets at Khorixas.
Carl Joone, BSc. (Hons), President and Co-Founder of Ongwe Minerals Inc., reviewed and approved the scientific and technical information contained in the report.