Focused on discovering Namibia’s next major uranium deposit
Skeleton Coast Uranium holds five exclusive prospecting licenses (EPLs) in the Erongo Region of Namibia, which produces 10% of world uranium output.
Skeleton Coast Uranium
Skeleton Coast Uranium holds options to acquire 70-75% controlling interests in five Exclusive Prospecting Licenses (EPLs) located in the Erongo Region of Namibia which produces approximately 10% of world uranium output. The EPLs cover 610 km2 and position the Company as one of the largest license holders in the region. All the concessions have known uranium mineralization and are located either adjacent to or within 10-25 kms of one of the 3 existing uranium mines (i.e. Langer Heinrich, Rössing or Husab). Skeleton Coast Uranium is committed to incurring CAD$5 million in exploration expenditures across the 5 EPLs by June 2028.
Highlights
01
Skeleton Coast Uranium has entered option agreements to acquire controlling interests in five Exclusive Prospecting Licences ("EPLs") totalling approximately 610 square kilometres (“km2”) in the Erongo Region of Namibia.
02
The EPLs are strategically located near major producing uranium mines – Rössing (the ninth largest producing uranium mine globally in 2024), Husab and Langer Heinrich, and the advanced-stage Bannerman and Norasa development projects.
03
Recent processing and interpretation of regional airborne radiometric data undertaken by Namibia Ministry of Industry, Mines and Energy, identified significant uranium anomalies on all five EPLs.
Skeleton Coast Uranium’s 5 EPLs are located within the Erongo Region of Namibia, a proven uranium province which hosts some of the world’s top producing uranium mines.
The Erongo Region is a Tier-1 uranium jurisdiction containing significant resources of U3O8 with an estimated 1.5Blb in Measured and Indicated Resource categories and ~350Mlb in Inferred Resources[1].
[1] Geology and Prospectivity Report Exclusive Prospecting Licenses (EPLs) 8208 and 8946, Inga Metals and Commodities CC, Feb 27 2024.
Two types of mineralisation styles have proven economic in the Erongo Region: the granite or Alaskite-hosted (primary uranium) mineralisation deposits as seen at the Rössing and Husab mines; and the Palaeo-channel/calcrete-type uranium mineralisation deposits as at Langer Heinrich mine.
Skeleton Coast Uranium’s strategy is to aggregate strategic tenements which are prospective for surficial and alaskite uranium deposits, generally less than 100-150 m deep, with the potential to share geological frameworks with proven uranium deposits in the region
Four of Skeleton Coast’s 5 EPLs are located within the highly prospective “Alaskite Alley” corridor within which major uranium deposits including Rössing, Husab, Etango and Valencia are located. The 5th EPL is contiguous with the Langer Heinrich Mine and is expected to include palaeo-channel type uranium mineralization.
Skeleton Coast Uranium’s 5 EPLs are located within the Erongo Region of Namibia, a proven uranium province which hosts some of the world’s top producing uranium mines.
The Erongo Region is a Tier-1 uranium jurisdiction containing significant resources of U3O8 with an estimated 1.5Blb in Measured and Indicated Resource categories and ~350Mlb in Inferred Resources[1].
[1] Geology and Prospectivity Report Exclusive Prospecting Licenses (EPLs) 8208 and 8946, Inga Metals and Commodities CC, Feb 27 2024.
Two types of mineralisation styles have proven economic in the Erongo Region: the granite or Alaskite-hosted (primary uranium) mineralisation deposits as seen at the Rössing and Husab mines; and the Palaeo-channel/calcrete-type uranium mineralisation deposits as at Langer Heinrich mine.
Skeleton Coast Uranium’s strategy is to aggregate strategic tenements which are prospective for surficial and alaskite uranium deposits, generally less than 100-150 m deep, with the potential to share geological frameworks with proven uranium deposits in the region
Four of Skeleton Coast’s 5 EPLs are located within the highly prospective “Alaskite Alley” corridor within which major uranium deposits including Rössing, Husab, Etango and Valencia are located. The 5th EPL is contiguous with the Langer Heinrich Mine and is expected to include palaeo-channel type uranium mineralization.
Skeleton Coast Uranium’s 5 EPLs share certain geological frameworks with proven uranium deposits which will be used as starting points in the 2026-2027 exploration programs.
Skeleton Coast Uranium’s 5 EPLs share certain geological frameworks with proven uranium deposits which will be used as starting points in the 2026-2027 exploration programs.
An assessment of geophysical data across the 5 EPLs is currently underway with the objective of interpreting magnetic anomalies and geophysical structures that govern mineral deposition. This is being achieved with high-resolution aeromagnetic and geological data obtained from the Namibia Ministry of Industry, Mines and Energy (“MME”), coupled with available research and technical reports.
Skeleton Coast is also planning to apply alternative exploration tools including advanced geophysical methods, analysis of the structural geological setting, and systematic drilling toward the discovery of buried mineralisation to unearth previously unknown mineralisation, across the 5 EPLs.
Skeleton Coast is also planning to apply alternative exploration tools including advanced geophysical methods, analysis of the structural geological setting, and systematic drilling toward the discovery of buried mineralisation to unearth previously unknown mineralisation, across the 5 EPLs.
