Namibia Uranium Projects
CORE’s Namibian Uranium Projects comprise 100% acquired interest of two Uranium projects within the highly prospective Erongo region: Gemsbok (EPL9725) and Oryx (EPL9652)
In April 2024, CORE entered into a binding agreement to acquire two Exclusive Prospecting Licences (EPL) in the Erongo Region of Namibia, Africa.
EPL9725 and EPL9652 neighbour some of the world’s largest and most prolific uranium deposits, with comparable exploration targets, with both EPLs considered highly prospective for in-demand and high-value uranium
Gemsbok Uranium Project – Namibia (EPL 9725)
- Strategically positioned for the discovery of multiple types of uranium deposits
- A 3,862 hectare exploration application
- Strategically located along the southern extent of Alaskite Alley, the geological trend that contains intrusive Alaskites, host rocks for the world class CGN’s Husab and CNNC’s Rössing Uranium Mines and Bannerman’s Etango, Boss Energy’s Honeymoon Project, and Forsys’ Valencia Deposits
- Prospective for calcrete and gypcrete hosted uranium mineralisation
- Proximal to world-class Deep Yellows Tumas deposit located ~20km South of EPL 9725
Oryx Uranium Project – Namibia (EPL 9652)
- Strategically positioned for the discovery of multiple types of uranium deposits
- A 18,968-hectare exploration application
- Potential to contain the extension of the drainage system which hosts Deep Yellows Tumas Deposit
- EPL9652 is adjacent to Tumas, a deposit which boasts a considerable resource of 114Mlb @ 263ppm U3O8, boding well for the exploration potential of CORE’s assets
Erongo region, Namibia
- A globally recognised mining jurisdiction, listed as the world’s third largest producer of uranium, delivering 11% of global supply.
- The Erongo region is host to multiple world class uranium deposits and host to two distinct styles of uranium mineralisation, both of which are found within CORE’s acquired tenure
- Both tenements share boundaries with the highly prospective Deep Yellow Limited’s Tumas Project and world-class Bannerman Energy Ltd’s Etango Project, located along strike from the Husab, Rossing, Valencia and Norasa deposits.
CORE Exploration Program:
- Once EPLs are granted, the tenements will undergo an environmental study to obtain an Environmental Clearance Certificate. CORE then intends to lodge an Environmental Impact Assessment (EIA) with the Namibian Ministry
of Mines and Energy. This will enable CORE to conduct fieldwork on the EPLs in the lead-up to generating its
maiden permitted drilling program. - CORE has assembled an in-country team with expertise in Namibian uranium mineralisation to begin collating
and reviewing current state geological data and historical data from previous explorers, with preliminary research already underway. - Surface scintillometer surveys and radiometric geophysical surveys are planned for CORE’s maiden exploration program, which will help identify priority areas for future aircore and reverse
circulation drilling programs.
