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Highlights
- Connected Minerals starts phase two drilling at Etango North-East Project
- Focus remains on uranium exploration in Namibia
- Phase one results guide the new exploration campaign
Connected Minerals (ASX:CML) has moved into the next stage of exploration at its Etango North-East Project in Namibia with the launch of a phase two reverse circulation drilling program. This initiative builds on the encouraging outcomes from the earlier phase and continues the company’s drive to unlock uranium potential in the region. While not part of the ASX 200 stocks, the company’s activities highlight how emerging explorers are playing a role in shaping global energy supply dynamics.
Learnings from Phase One Campaign
The recently completed phase one program provided valuable insights into the geology of the Etango North-East Project. Drilling results confirmed the presence of uranium mineralisation across multiple zones, reinforcing the interpretation that the deposit shares geological similarities with Bannerman Energy’s (ASX:BMN) Etango Uranium Project, located nearby. These findings have set a strong foundation for the phase two campaign, which is designed to extend knowledge of the mineralised system.
Focus of Phase Two Program
The second phase of drilling will continue at the Ondapanda prospect, aiming to confirm continuity of mineralisation and test new extensions of the project. The program is also expected to provide additional data on the depth and strike of the mineralised alaskites identified during phase one. This approach will help refine the project model and potentially expand the known uranium footprint.
Strategic Importance of Location
The Etango North-East Project spans a significant land area in the western part of Namibia, a region recognised for hosting several advanced uranium developments. Its location near existing operations provides strategic advantages, including access to infrastructure and geological knowledge from nearby projects. With mineralisation still open in several directions, the project continues to offer new opportunities for exploration.
Broader Commodity Focus
Beyond its work in Namibia, Connected Minerals maintains a diversified portfolio with exposure to multiple commodities in Western Australia. This combination of domestic and international projects reflects a balanced strategy aimed at delivering exploration growth across different resource categories.
Frequently Asked Questions
- Where is the Etango North-East Project located?
The project is situated in western Namibia, an area well known for its uranium resources. - What is the objective of the phase two drilling program?
The program aims to follow up on earlier results, test extensions of mineralisation, and gather more data on depth and strike. - How does Connected Minerals’ project compare with Bannerman Energy’s nearby development?
Exploration results suggest geological similarities between Etango North-East and Bannerman Energy’s Etango Uranium Project, highlighting a comparable mineralisation style.
