Connected Minerals Limited has provided an update on its exploration activities in Namibia, focusing on its Etango North-East and Swakopmund uranium projects. At the Etango North-East Project, the company completed a maiden reverse circulation drilling programme consisting of 15 holes over approximately 2,688 meters. Fourteen of these holes reported economic uranium grades that are generating excitement among exploration teams. Notable drill intervals include readings such as 5 meters at 358 ppm eU3O8 at one hole, with sub-intervals reaching up to 814 ppm eU3O8. The company also observed multiple instances of stacked Alaskites, which signal geological similarities to successful nearby uranium projects. Additionally, exploration remains open at depth and along strike, and planning for an advanced Phase 2 drilling programme is progressing well, with design finalisation expected by mid-July. At the Swakopmund Project, a maiden reverse circulation drilling programme comprising 22 holes for 105 meters has been completed. The drilling here followed targets identified by a horizontal-loop electromagnetic survey that suggested potential paleochannel features. However, in this programme, scintillometer radiometric measurements on the drill reject sample bags did not reveal anomalous radioactivity (all readings remained below 50 counts per second), and no assay samples were collected. The company will review these surface results before planning the next steps for future exploration at Swakopmund. For investors and beginner traders, the news presents both bullish and bearish elements. On the bullish side, the strong grade returns from the Etango North-East Project and the extension of drilling beyond initial targets underline the potential for discovering significant uranium mineralisation. The promising geological indicators, especially the presence of stacked Alaskites resembling those from a nearby successful project, add to a positive exploration narrative. Conversely, the lack of favourable radiometric anomalies and the decision against further assays at the Swakopmund Project introduce a note of caution. The uncertainty over the extent and quality of uranium mineralisation at Swakopmund, along with the need for further assessment before advancing exploration, suggests that risks remain on the upside. Overall, Connected Minerals Limited is advancing its exploration programmes with calculated steps. The encouraging results from Etango North-East may broaden the company’s development horizon, while additional work at Swakopmund is required to clarify its potential. This mixed picture offers both opportunities and uncertainties, reflecting the inherent risks and rewards in early-stage uranium exploration.