News flow is expected
The claims will be ground truthed before drilling including undertaking additional radiometric surveys, geochemistry mapping of the alaskite mineralisation in historic trenches near the claim border to determine the continuity into a distinctive domal feature. Following completion of the above ground works, it is proposed to undertake target generation for a drill program.
“We are pleased to enter into an exclusivity and earn-in agreement on EPL 6776.
This EPL is in the heart of the Namibian Uranium belt which contains some of the world’s leading Uranium producers and development projects.
The addition of a claim with significant uranium prospectivity just 3kms north of Bannerman Resource’s Etango project adds to our
large existing copper portfolio and provides the company with exposure to two of the key commodities (uranium and copper) as the world rapidly progresses towards a green energy future.Noronex’s in-country expertise in Namibia as well as its strong relationships with regulators, service providers and key vendors has positioned it well to execute on this Uranium opportunity which we see as highly complementary to our exciting copper projects on the Kalahari Copper Belt.
This is no way distracts the company’s focus from our copper assets & realising value for shareholders.”The EPL 6776 is located 3kms north of Bannerman Energy Ltd’s (ASX:BMN $465m market capitalisation) Etango development, and between Etango and the operating Rossing mine some 20kms to the north- east. Other projects in the district include Husab, Langer Heinrich (Paladin, ASX
DN, $3.75b market capitalisation) and Tumas (Deep Yellow, ASX
YL, $937m market capitalisation)
. Has massive Potential for a 7M MC
. IMO
