Connected Minerals Limited Unveils Economic-Grade Uranium Results in Namibia’s Etango North-East Project, Paving Way for Expanded Exploration

Monday, May 26, 2025
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9:25 am
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Connected Minerals Limited reports a successful maiden drilling program at its Etango North-East Uranium Project in Namibia, delivering promising economic uranium grades in 14 of 15 holes. This achievement paves the way for further exploration and potential value growth for investors.

Connected Minerals Limited has reported promising results from its maiden 15‐hole, 2,688‐meter reverse circulation drilling programme at its Etango North-East Uranium Project in Namibia. According to the announcement, 14 of the 15 holes intercepted economic uranium grades at the Ondapanda Prospect. Notable technical intercepts include one hole that returned 5 meters grading 358 parts per million (ppm) eU3O8 from 88 meters depth, with a sub‐interval of 2 meters at 643 ppm and an additional meter at 814 ppm eU3O8. Other significant intercepts are detailed from holes such as OPRC0010, where 4 meters at 230 ppm eU3O8 was recorded, incorporating intervals of 2 meters at 283 ppm and 1 meter at 345 ppm eU3O8. Several other holes returned intercepts in the range of 237 to 312 ppm eU3O8 over short intervals. These results reflect the company’s focus on thorough on-ground mapping and sampling, with results that echo those reported decades earlier at a renowned nearby uranium project. The geological model indicates multiple, stacked, and mineralized leucogranite (alaskite) units that remain open at depth and along strike, reinforcing the potential for a world-class resource. Sampling was conducted using industry-standard reverse circulation techniques and downhole gamma-probing, with data recorded at 10-centimeter intervals and composited to 1 meter for interpretation. The project, situated along the same rock units as a major uranium project in the region, has drawn early comparisons based on grade and geological consistency. Looking ahead, Connected Minerals Limited is planning a Phase 2 drilling and exploration programme which will focus on infill and extensional drilling at the Ondapanda Prospect while evaluating additional targets at the nearby Pandula and Onkumbwa Prospects. The company noted that the preliminary mapping and scintillometer surveys have successfully identified areas warranting more detailed follow-up, with further chemical assays planned for select samples to validate the gamma probe readings. The technical details and robust recovery of economic intercepts have sparked optimism among advocates, as the results support an effective exploration strategy in a prolific uranium province. Bullish sentiment centers on the strong correlation with comparable successful projects, the extensive coverage of high-grade intervals, and the clear pathway to further resource definition. Conversely, some caution remains given that the true widths of the mineralised zones are yet to be determined and further drilling is required to fully establish resource continuity. Overall, the positive drilling outcomes suggest promising potential that could be significant for investors focused on early-stage resource plays.

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