Connected Minerals Reports Promising Uranium Grades in Namibia

Connected Minerals (ASX:CML) has reported potentially economic uranium grades from its drilling at the Etango North-East Uranium Project in Namibia, completing a 2,688m drilling program. Following up on their successful first phase, the company is planning additional exploration, looking to build upon Bannerman Energy’s previous results from the neighboring Etango Project.

Connected Minerals (ASX:CML) is setting its sights on a new round of exploration at the Etango North-East Uranium Project in Namibia, following promising results from its initial drilling campaign, which revealed potentially economic uranium grades. The company, boasting a market capitalization of $11.4 million, recently finished a 15-hole reverse circulation drilling program, totaling 2,688 meters, with 14 out of the 15 holes indicating significant uranium presence.

Among the notable findings, the drilling revealed an impressive sample of 5 meters containing 358 parts per million (ppm) uranium equivalent, starting from a depth of 88 meters. This included higher concentrations of 2 meters at 643 ppm and another meter at 814 ppm from 89 meters. Managing Director Warrick Clent notes that these findings align with the first results reported back in 2006 by Bannerman Energy (ASX:BMN) from its own Etango Uranium Project.

Historically, Bannerman published remarkable statistics from its Etango Project, including top results of 65.7 meters at 295 ppm, 34 meters at 479 ppm, and 36 meters at 311 ppm from initial drilling. Currently, Bannerman’s 8-million-tonne-per-annum Etango Project is fully permitted, with environmental approvals and a mining license secured. Construction is underway, adding to an already robust framework in the area.

Connected’s Etango North-East sits within the same geological formations as Bannerman’s operations, featuring multiple stacked and mineral-rich Alaskites. Clent expressed ambition, stating, “Bannerman’s Etango has gone on to host a massive resource of 429 million tonnes @ 225 ppm uranium oxide, which is certainly a great target for us at Connected to aspire to.” He added that the company has initiated planning for its phase-two drilling and exploration at the project.

Originally, the maiden drilling program was scheduled to cover only 2,600 meters across 13 holes. However, the discovery of “strong geological indicators” in several locations prompted the company to extend the campaign by adding two more holes. Importantly, mineralization continues to show potential at depth and along strike.

Moving forward, fieldwork will commence on significant anomalies identified through previous on-ground mapping and sampling at the Pandula and Onkumbwa prospects, located south of the initial drilling phase. Moreover, plans are being developed for additional extensional and infill drilling at the Ondapanda Prospect, as well as identifying new targets further south.

Ultimately, connected Minerals is keen on exploring and potentially developing its growing portfolio of uranium projects based in Namibia and Western Australia, indicative of its commitment to resource development in the region.

In summary, Connected Minerals is making strides at its Etango North-East Uranium Project in Namibia, with 14 out of 15 drill holes showing promising uranium grades. These results echo past findings from Bannerman Energy’s adjacent Etango Project, providing a strong target for further exploration. With plans for a second phase of drilling underway and positive geological indicators noted, Connected appears well-positioned for future development.

Original Source: mining.com.au