Connected Minerals Limited has announced that it has signed Hammerstein Drilling to conduct its Phase 2 Reverse Circulation drilling programme at the Etango North-East Uranium Project in Namibia. This next step in the project will involve approximately 18 holes totalling 2,800 metres and is scheduled to start in mid to late August 2025. The program will focus on the high-priority Ondapanda Prospect, following the notable achievements of the Phase 1 campaign. During Phase 1, 15 drill holes were completed over 2,688 metres, with 14 holes producing economic uranium grades. Key technical highlights include several intercepts measured using downhole gamma probing—data from one hole showed a 5-metre interval at 358 parts per million (ppm) eU3O8, which included a sub-interval recording 2 metres at 643 ppm and another 1 metre at 814 ppm eU3O8. Other holes recorded significant intercepts that further validate the presence of multiple, stacked, mineralised leucogranite zones. Geological interpretation suggests that the mineralisation continues at depth and along strike, reinforcing comparisons to other world-class uranium projects in the region. The programme’s technical details specify that drilling will be executed via Reverse Circulation with holes drilled at angles of 60° and vertically at 90°, using 1-metre sampling intervals. These technical indicators, together with the high-resolution downhole measurements and strict quality control protocols, provide beginner traders with key insights into the potential viability of the project and its future development pipeline. Market sentiment could be seen as mixed. On the bullish side, the exceptional Phase 1 results—with 14 of 15 holes yielding economic grades and multiple promising intercepts—underline the project's potential to uncover and develop a significant uranium asset. Securing a reputable drilling contractor for Phase 2 adds further confidence and momentum to the exploration campaign. Conversely, a bearish perspective might lead one to consider the inherent risks of early-stage exploration. The project’s success remains dependent on further assay validations, continuous drilling for better resource definition, and the usual market and regulatory challenges faced by exploration companies.