Marenica executes Namibian strategy
Jo-Maré Duddy - Marenica Energy Ltd has lodged nine exclusive prospecting licences (EPLs) with the ministry of mines and energy in Namibia over the past year, the Perth-based uranium exploration company yesterday said in an announcement on the Australian Stock Exchange (ASX).
The EPL for Mine 72 was granted and Marenica has started with exploration, the company said.
The other applications are “currently undergoing due process”, Marenica said. “As each EPL is granted, Marenica intends to commence exploration for uranium.”
“Marenica will have the largest uranium land holding in Namibia, if all tenements are granted,” the announcement stated.
“This is a very exciting time for the company with excellent uranium exploration occurrences identified. We have commenced exploration activities in Namibia and we look forward to the initial results from these programmes in the near term,” said the managing director of the company, Murray Hill.
According to Marenica’s latest quarterly report, released at the end of January, the company intends spending 200 000 Australian dollar – about N$2 million – on exploration in the current quarter.
Marenica is also listed on the Development Capital Board (DevX) of the Namibian Stock Exchange (NSX). It closed at 83c per share on Monday.
The EPL for Mine 72 was granted and Marenica has started with exploration, the company said.
The other applications are “currently undergoing due process”, Marenica said. “As each EPL is granted, Marenica intends to commence exploration for uranium.”
“Marenica will have the largest uranium land holding in Namibia, if all tenements are granted,” the announcement stated.
“This is a very exciting time for the company with excellent uranium exploration occurrences identified. We have commenced exploration activities in Namibia and we look forward to the initial results from these programmes in the near term,” said the managing director of the company, Murray Hill.
According to Marenica’s latest quarterly report, released at the end of January, the company intends spending 200 000 Australian dollar – about N$2 million – on exploration in the current quarter.
Marenica is also listed on the Development Capital Board (DevX) of the Namibian Stock Exchange (NSX). It closed at 83c per share on Monday.
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