Gibb River Diamonds has acquired two uranium projects in Namibia, comprising six exclusive prospecting licences covering 1 828 km2.
Gibb’s Erongo project currently consists of two permit applications with a combined area of 47.6 km2.
The Erongo permits are prospective for calcrete-palaeochannel-hosted uranium deposits.
Gibb said it is progressing environmental and heritage clearances to gain access for exploration and drilling on both permits and expects the process to take five to six months.
The Australian company has also announced the appointment of geologist Nico Scholtz as its Namibian exploration manager.
Erongo is one of the world’s foremost uranium-producing areas, home to assets such as Paladin’s Langer Heinrich, Deep Yellow’s Tumas deposit and Elevate Uranium’s Koppies project.
The Australian company, which is also developing the Ellendale diamond project and Edjudina gold project in Australia, acquired projects in the Erongo and Kunene districts of Namibia.
Gibb River Diamonds is an Australian public mineral exploration company in the mining and metals industry.
