Connected Minerals Hits Economic Uranium Grades at Etango North-East in Namibia

Connected Minerals

Maiden drilling intersects up to 814ppm U3O8; second-phase exploration already in planning

Connected Minerals (ASX:CML) has confirmed potentially economic uranium grades at its Etango North-East Uranium Project in Namibia, with 14 of 15 holes returning promising mineralization. The company is now preparing for phase-two exploration, aiming to build on early success in one of the world's most uranium-rich regions.

The 15-hole, 2,688m reverse circulation (RC) drill program returned highlights including 5m @ 358ppm U3O8 from 88m, with a peak of 1m @ 814ppm from 89m. Managing Director Warrick Clent noted that the grades are comparable to the 2006 maiden drill results from Bannerman Energy’s (ASX:BMN) Etango Project, a now fully permitted 8Mtpa uranium development located directly along strike.

Strategic Location and Geological Continuity

Etango North-East lies within the same stacked, mineralised Alaskite units as Bannerman’s flagship project, which hosts a massive 429 Mt @ 225ppm U3O8 resource and is now under construction.

Connected sees this as a highly prospective setting. "Etango has gone on to host a massive uranium resource… a great target for us to aspire to," Clent said.

Originally targeting 2,600m across 13 holes, the program was expanded to 15 holes due to strong geological indicators. Mineralisation remains open at depth and along strike, indicating further upside potential.

Next Steps: Fieldwork and Expansion

Fieldwork will now commence on high-priority anomalies at the Pandula and Onkumbwa prospects, located south of the phase-one area. The company also plans extensional and infill drilling at the Ondapanda Prospect, alongside new target testing.

Connected Minerals is also progressing its exploration portfolio in Western Australia, complementing its strategic uranium focus in Namibia, a globally recognized uranium jurisdiction.