OUR URANIUM PROJECTS

EPL 8857

This EPL 8857 is 4 km north of the Langer Heinrich Uranium Mining License. Size 12081 Hectares.

EPL 8735

This EPL 8735 in boardering directly on the Rossing Mine and their extended working Mining Licence . Size 9003 Hectares. 

EPL 8208

This EPL 8208 is boardering directly onto the Langer Heinrich Uranium Mining License. Size is 7840 Hectares.

Uranium in Namibia (Updated January 2022)

Namibia has significant uranium mines capable of providing 10% of world mining output.
Its first commercial uranium mine began operating in 1976.
There is strong government support for expanding uranium mining and some interest in using nuclear power.
Uranium was discovered in the Namib Desert in 1928, but was not until intensive exploration got under way in the late 1950s that much interest was shown in Rössing. Rio Tinto discovered numerous uranium occurrences and in 1966 took the rights over the low-grade Rössing deposit, 65 km inland from Swakopmund. Two other significant deposits found in early exploration were Trekkopje, a calcrete deposit 80km northeast of Swakopmund and near Rössing, and Langer Heinrich, a calcrete deposit discovered in 1973 by Gencor, 80 km inland from Walvis Bay and 50 km southeast of Rössing. In April 2011 the Namibian government announced that its state-owned mineral exploration company, Epangelo Mining Ltd, would have exclusive control over new strategic minerals developments, including uranium. However, this does not apply retrospectively or amount to nationalization of existing mines or leases. Paladin and Kalahari have both expressed confidence that their assets are not at risk of expropriation, and in April 2012 Epangelo agreed to buy a share of the Etango project and pay a corresponding share of development costs. A task force was formed in May 2010 by Epangelo and Russia's ARMZ, which briefly seemed to threaten existing developments, but the government gave strong reassurance then, borne out since. New exploration licences will be granted only to Epangelo, and others interested will need to negotiate farm-ins with it, to become joint-venture partners. Over 2007-2010 a strategic environmental assessment was undertaken over the whole uranium province inland from Swakopmund and Walvis Bay. This addressed the whole region and all the projects. It resulted in the Strategic Environmental Management Plan implemented in 2011 by the government and individual project companies.

Documents EPL 8857 EPL 8735 EPL 8208
EPL Licence Issued/Active Application Issued /Active
Desktop Study YES Description YES
Geo Report Exploration stage 1 Description Exploration stage 2
Ownership Namimco Namimco under contract Namimco under contract
ECC Being completed by Namimco Being completed Being completed by Namimco
Analysis Reports
Pre Feasibility