more sellers please..

This is set for a cracking start after a strong close on Friday - but there's stuff all on offer -
if it keeps going, there won't be any to buy - ERN and ERNO both so strongly held it will be hard to buy them soon.
ERNO don't expire till 30 April 2009 - so have over 2 years to trade with a 20c conversion.


Additional uranium licences were granted in Namibia (near PDN) in mid December, with another (a 5th) being sought.
This quarter starts the serious testing too, so we can expect some more news re extra lease and sampling.

ERONGO ENERGY LIMITED Registered Office: Postal Address: Contact Details:
ACN 114 175 138 30 LEDGAR ROAD, BALCATTA PO BOX 717 TELEPHONE 61 8 9240 8801
WESTERN AUSTRALIA 6021 BALCATTA WA 6914 FACSIMILE 61 8 9240 2406
[email protected]
WWW.ERONGOENERGY.COM.AU
15 December 2006
GRANTING OF ADDITIONAL URANIUM LICENCES IN NAMIBIA
The Board of Erongo Energy Limited (ASX: ERN) is pleased to announce that the Company has
been granted two exploration licences at its Spitskoppe Project in Namibia.
The Company now holds four granted exploration licences covering an area of approximately
920 sq kms that are prospective for uranium (Figure 1). The licences are located
approximately 200km northwest of Windhoek and 150km northeast of the Rossing uranium
mine in mid central Namibia. The Company has also made application for a fifth exploration
licence in the same area.
Spitskoppe Project (ERN 90%)
In September 2006 the Company announced it had acquired an interest in two tenement
applications located to the west of the Erongo Granites Project. The Company advises that
these two applications have now been granted (EPL 3477 and EPL 3523).
As previously advised, the eastern licence (EPL 3477, covering 138 sq kms) has potential to
host a calcrete deposit similar to Langer Heinrich or Spitskoppe to the south. A ground
survey has identified a substantial amount of calcrete within the licence area. The well
defined drainage system in the area is towards the west suggesting the Erongo granites as
well as surrounding granites to the north are a likely source of uranium. Both of these
granites have a high uranium content. The depth of sediment is unknown but in the
Spitskoppe area to the south calcretes are in excess of 30m.
The western licence (EPL 3523, covering 365 sq kms) has potential to host both granitic and
secondary mineralization. A major regional lineament transgresses the property and could
possibly be enriched in uranium. Two significant uranium occurrences have been previously
reported along the same lineament.
Exploration Programme - Spitskoppe and Erongo Granites Projects
The project areas have not been subject to detailed modern exploration. The Company has
acquired raw data in relation to the project areas from the airborne radiometric survey
flown previously by the Geological Survey of Namibia. The data is being reprocessed to
better define prospective targets within the project areas which will be followed up with
detailed sampling, commencing in the first quarter of 2007. Identified targets will then be
drill tested.
Scientific or technical information in this news release has been prepared under the supervision of Mr Klaus
Eckhof, a consultant to the Company and a member of the Australasian Institute of Mining and Metallurgy
(AusIMM). Mr Eckhof has sufficient experience which is relevant to the style of mineralisation under
consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”
(the JORC Code).
For further information in respect of Erongo, please contact:
Patrick Flint Mark Gasson Mathew Walker
Director Director Chairman
Tel: +61 2 9212 7999 Tel: +27 21 554 5104 Tel: +61 8 9240 8801
Email: [email protected] Email: [email protected] Email: [email protected]
Erongo Energy website: www.erongoenergy.com.au.
Figure 1 - Location of the Erongo (1 & 2) and Spitskoppe (3 & 4) uranium projects within the Damara Uranium
Province. Spitskoppe 3 – EPL3477, Spitskoppe 4 – EPL3523.