Namibia Uranium Projects
- Namibia is one of the largest Uranium-producing countries, with a long history of profitable exploration, mining and extraction
- The Nova Uranium JV Project comprises the Tumas North (EPL 3669) and Chungochoab (EPL 3670) exploration licences and contains, drill-defined uranium prospects
- The Nova Uranium tenure lies adjacent to Gemsbok and Oryx (CR3 100%), together forming a regionally significant and strategic district-scale uranium exploration package for Core Energy Minerals
- CR3’s Namibian uranium projects neighbour some of the world’s largest and most prolific uranium deposits, with comparable exploration targets and very little historical exploration
- Together, Nova, Gemsbok and Oryx provide CR3 with 826.9km² of strategic uranium tenure in the highly prospective Erongo Region
- Excellent infrastructure including access to Namibia’s largest port (~50km) with existing uranium export, well-maintained roads, rail and established power networks
- In-country team in place to assess projects and navigate the Namibian regulatory system
Gemsbok (EPL 9725)
- Located approximately 3km east of Bannerman Energy (ASX:BMN) Etango Deposit which hosts 207Mlbs of U3O8
- Similar geological setting as BMN’s deposit with fluid focussing dome structures and reductive lithological units, in an area identified to be favourable to hosting mineralised Alaskites
Oryx (EPL 9652)
- Located to the adjacent to Deep Yellow’s (ASX:DYL) Tumas and Tubas deposits, which host 120.9Mlbs and 18.8Mlbs of U3O8 respectively
- Similar geological setting as DYL’s deposits, with known calcrete hosted uranium occurrences as well as unexplored basement hosted potential with dome structures and granitic intrusive present.
Nova Uranium Project JV (EPL 3669 and EPL 3670)
- Comprises the Tumas North and Chungochoab exploration licences, where CR3 may earn an initial interest of up to 51% through a staged exploration earn-in joint venture with Deep Yellow Ltd (ASX:DYL) and Toro Energy Ltd (ASX:TOE).
- Hosts multiple advanced basement-hosted uranium systems, with thick, continuous zones of uranium mineralisation. The advanced Barking Gecko alaskite prospect with high-grade intersections from RC and diamond drilling lies within the tenement.