Etango North-East
The Etango North-East Project is located in the western part of Namibia and covers 30km2 and is in close proximity to advanced uranium projects including:
- Active Mining Licence (ML 250) held by Bannerman Mining Resource Namibia (Pty) Ltd currently under development which boasts a Resource of 416Mt @ 225ppm U3O8
- EPL 3138 held by Swakop Uranium (Pty) Ltd which borders Etango North-East on the south-western part which hosts a Resource of 241Mt @ 480ppm U3O8
Phase 1 and 2 drilling programmes carried out in 2025 have demonstrated that geological similarities to ASX: BMN’s world-class Etango Uranium Project. Grades from drilling in the western portion of the Ondapanda Prospect outlined mineralisation requiring follow-up in future programmes.
To date, 17 of the 23 holes have returned economic uranium grades and mineralisation remains open at depth and along strike.
Key results from Etango North-East include:
- OPRC0008 – 5m @ 358 ppm eU₃O₈ from 88m including 2m @ 643 ppm eU₃O₈, and 1m @ 814 ppm eU₃O₈ from 89m
- OPRC0010 – 4m @ 230 ppm eU₃O₈ from 47m including 2m @ 283 ppm eU₃O₈, and 1m @ 345 ppm eU₃O₈ from 47m
- OPRC0003 – 3m @ 237 ppm eU₃O₈ from 122m including 1m @ 302 ppm eU₃O₈
- OPRC0006 – 3m @ 312 ppm eU₃O₈ from 68m including 1m @ 340 ppm eU₃O₈
- OPRC0015 – 3m @ 249 ppm eU₃O₈ from 129m including 1m @ 319 ppm eU₃O₈
- OPRC0020 – 3m @ 265 ppm eU3O8 from 34m including 1m @ 435 ppm eU3O8
- OPRC0020 – 6m @ 295 ppm eU3O8 from 42m including 2m @ 485 ppm eU3O8
- OPRC0024 – 2m @ 467 ppm eU3O8 from 14m including 1m @ 635 ppm eU3O8
- OPRC0035 – 4m @ 456 ppm eU3O8 from 36m including 1m @ 716 ppm eU3O8
- OPRC0016 – 8m @ 199 ppm eU3O8 from 68m including 4m @ 300 ppm eU3O8 & 1m @ 446 ppm eU3O8
The Etango North-East Project benefits from nearby accessible infrastructure including electricity, communication and water supply.
