Tenement EPL 7662 (called Namib IV) is located within the Koppies Project area of Namibia.
The Namib IV mineralisation was discovered in 2021, however further exploration was deferred in favour of the Company’s highly successful drilling programs to grow the Koppies resource. 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 proving effective at Namib IV with a large area of continuous mineralisation now 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 1 - Location of Drill Holes showing Grade Thickness
Figure 2 – Location of Namib IV in the Koppies Project Area, Namibia