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                                                            March 3, 2025

Ibrahima Tall
Chief Executive Officer
Namib Minerals
71 Fort Street, PO Box 500
Grand Cayman, Cayman Islands, KY1-1106

Tulani Sikwila
Chief Financial Officer
Greenstone Corporation
71 Fort Street, PO Box 500
Grand Cayman, Cayman Islands, KY1-1106

       Re: Namib Minerals
           Amendment No. 3 to Registration Statement on Form F-4
           Filed February 25, 2025
           File No. 333-283650
Dear Ibrahima Tall and Tulani Sikwila:

     We have reviewed your amended registration statement and have the
following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments. Unless
we note
otherwise, any references to prior comments are to comments in our February 18,
2025 letter.

Amendment No. 3 to Registration Statement on Form F-4
Greenstone Corporation Financial Statements
3.3 Property and equipment, page F-108

1.     We have read your response to comment 1. We understand your inferred
resource
       estimates are primarily based upon the expectation of future upgrades
and recoveries
       and they lack data and information generated by any mineral exploration
program. In
 March 3, 2025
Page 2

       the absence of adequate geological evidence, your estimates of inferred
resources
       should be excluded from consideration in the determination of the useful
life of your
       mining assets. As a result, please provide the following:
           Tell us how the exclusion of inferred resources impacts your
depreciation expense
           for mining assets under the application of the straight-line and
units-of-production
           methods for the periods presented.
           Provide us with the results of your calculation of both methods,
highlighting the
           difference between historical depreciation expense and the revised
amounts and
           the impact it has on your results of operations and financial
position for the
           periods presented.
           Tell us how you reconsidered the application of the
units-of-production method
           rather than the straight-line method and evaluated whether this
depreciation
           method may better reflect the pattern of consumption of future
economic benefits,
           as explained in IAS 16.
Namib Minerals
Audited Financial Statements, page F-137

2.     Please update to include the subsequent interim financial statements of
at least the
       first six months of the financial year. We refer you to Item 8.A.5 of
the requirements
       to Form 20-F.
        Please contact Brian McAllister at 202-551-3341 or Shannon Buskirk at
202-551-
3717 if you have questions regarding comments on the financial statements and
related
matters. Please contact Anuja Majmudar at 202-551-3844 or Irene
Barberena-Meissner at
202-551-6548 with any other questions.



                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Energy &
Transportation
cc:   Barbara Jones
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