Connected Minerals Pursues Further Exploration After Encouraging Uranium Drilling Results in Namibia

Connected Minerals is advancing exploration at its Etango North-East Uranium Project in Namibia after recent drilling highlighted promising uranium grades. Completed with 15 holes and totaling 2,688 meters, the campaign saw economic grades in most holes, with substantial findings mimicking historical successes nearby. The company is planning further drilling and exploration to tap into additional prospects and anomalies identified in earlier work.

Connected Minerals, trading on the ASX under the symbol CML, is moving ahead with further exploration at its Etango North-East Uranium Project in Namibia. This comes after their recent drilling campaign revealed promising uranium grades. With a market cap of about $11.4 million, the company has completed a reverse circulation drilling program consisting of 15 holes totaling 2,688 meters, yielding economically viable grades in 14 of those holes.

Among the key findings, one significant result was 5 meters at 358 parts per million (ppm) uranium equivalent starting at 88 meters depth, with highlights of 2 meters at 643 ppm and 1 meter at 814 ppm from the same depth. Warrick Clent, the Managing Director, commented that these results align well with the initial findings from Bannerman Energy’s Etango Uranium Project, reported back in 2006.

Bannerman had impressive hits from its project, noting readings like 65.7 meters at 295 ppm, 34 meters at 479 ppm, and 36 meters at 311 ppm. Critically, Bannerman’s project, capable of processing 8 million tonnes annually, is fully permitted for operations and currently under construction. This situates Connected’s Etango North-East project as a significant exploration target, given its proximity and geological similarities to Bannerman’s Etango Project.

The geology of the area features multiple stacked Alaskite formations that are rich in minerals. Clent emphasized the success of Bannerman, which currently holds a resource estimate of 429 million tonnes at 225 ppm uranium oxide, stating, “Bannerman’s Etango has gone on to host a massive resource of 429 million tonnes @ 225ppm uranium oxide, which is certainly a great target for us at Connected to aspire to.”

Detailing future plans, Clent noted that they’ve initiated their phase-two drilling program at Etango North-East and anticipate releasing more details to the market soon. Initially, the maiden project aimed for 2,600 meters across 13 holes but was expanded due to promising geological indicators found during drilling.

Importantly, the mineralization appears to extend both at depth and along strike, leading to ongoing fieldwork aimed at exploring major anomalies identified in previous on-ground mapping at the Pandula and Onkumbwa prospects located south of the initial drilling area. There is also a push for further drilling at the Ondapanda Prospect, as well as some exciting new targets further south.

Connected Minerals is heavily invested in exploring and potentially developing a variety of projects based in Namibia and Western Australia.
For inquiries, contact Angela East at Mining.com.au.
Images courtesy of Connected Minerals.

In summary, Connected Minerals is set to continue its work at the Etango North-East Uranium Project after successful initial drilling that produced significant uranium grades. The project holds strong potential as it sits near established operations like Bannerman’s, and the ongoing exploration efforts indicate a robust interest in unraveling new resource opportunities. Overall, the company’s strategic direction shows promise for future developments in this resource-rich region.

Original Source: mining.com.au