The maiden exploration program on tenement EPL 7662 (called Namib IV), which included Horizontal Loop Electromagnetics (HLEM) and drilling, identified an extensive palaeochannel system. Uranium mineralisation has been intersected over a distance of 17 kilometres within the palaeochannel (Figure 1).


Figure 1 – Detailed Location of Drill Holes and HLEM Identified Palaeochannels

Namib IV adjoins and is located north east of Hirabeb and south west of Koppies (Figure 2), and the palaeochannel system at Namib IV is separate to the Koppies and Hirabeb systems.

Figure 2 – Location of Namib IV in the Namib Area, Namibia