Connected Minerals (ASX:CML) has become the latest Australian explorer to hit Namibia, with the company in this case on the hunt for uranium.
The company is chasing up unverified historic data suggesting uranium could be present with that conclusion supported by scintillometer readings. That’s a radiation based tool used by geophysicists.
Notably, the company’s exploration team chief is Herbert Roesener, who was once Chief Geologist for Namibia’s Geological Survey.
Connected’s project is called Etango North-East, somewhat a nod of the hat to Bannerman Energy’s (ASX:BMN) Etango Uranium Project (EUP). Connected will first focus on an area 1km x 2.5km in size which is along strike of Bannerman’s acreage.
Geotechs on-site will be looking to collect rock chip samples, as well as geological mapping of areas where scintillometer data tips towards anomalies.
Assay results are due back as early as ‘mid to late November,’ with the campaign expected to take two weeks.
“It is pleasing we will hit the ground running in Namibia with exploration to commence less than a week after Connected Minerals has recommenced trading on the ASX,” Connected CEO Warrick Clent said.
“Connected’s uranium assets are ideally located in Namibia’s most prolific uranium producing province and we intend to take advantage of this positioning by applying systematic exploration for the discovery and delineation of economic resources.”
What matters is whether or not Connected can verify its “unverified” data based on scintillometer readings that reportedly clocked 5,870 counts per second, above a natural background average of 400 counts per second.
CML last traded at 20cps.
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