At Namib IV (EPL 7662) part of the Koppies Project Project area the Company has identified a JORC resource of 10.1 Mlb uranium.
Exploration recommenced at Namib IV in late 2024, with the strategy influenced by the experience gained from exploration of the basement hosted mineralisation encountered at Koppies. This approach is proved effective at Namib IV with a large area of continuous mineralisation having been identified, see Figure 1.
Namib IV is only 20 kilometres from the southern portion of the Koppies resource (see Figure 2) and is part of the Koppies Uranium Project.
Figure 2 – Location of Namib IV in the Koppies Project Area, Namibia