Skeleton Coast Uranium Corp. has appointed Practara (Pty) Ltd to complete National Instrument 43-101 (NI 43-101) technical reports for its five Exclusive Prospecting Licences (EPLs) in Namibia’s uranium-rich Erongo Region.
The company said work on technical reports for EPLs 8208, 8617 and 9727 is already well advanced, while data compilation and initial assessments have begun for EPLs 9872 and 9873.
Practara is also close to completing the digitisation of historical exploration data for EPLs 8208 and 8617, with early findings identifying promising targets for both basement-hosted and secondary palaeochannel or calcrete-hosted uranium mineralisation.
Chief Executive Officer Nathan Chutas said a review of available geophysical data and regional geology has identified areas that warrant further investigation.
“We are evaluating fieldwork plans that would include airborne and ground geophysics, field mapping and surface sampling to verify historical indications and identify targets that warrant drilling. Based on the currently available information, EPLs 8208 and 8617 show reasonable potential for the discovery of both alaskite-hosted and palaeochannel or calcrete-hosted uranium mineralisation,” he said.
Skeleton Coast Uranium’s licences are located within 10 to 25 kilometres of Namibia’s major uranium operations, including the Rössing, Husab and Langer Heinrich mines, positioning them within one of the world’s leading uranium-producing regions.
EPL 8208, situated north of Langer Heinrich, has recorded historical uranium anomalies in river sediments, while EPL 8617 lies within the highly prospective “Alaskite Alley” near Rössing, known for intrusive-related uranium deposits. EPL 9727 presents a dual exploration model, with potential for both calcrete-hosted uranium in palaeochannels and primary mineralisation linked to granitic intrusions.
Chutas said Practara is making steady progress in consolidating the available data.
“The Practara Group is doing a strong job of compiling historical data and converting it into formats we can use to refine our targets. We expect final NI 43-101 technical reports for EPLs 8208, 8617 and 9727 within the coming weeks, while work continues on EPLs 9872 and 9873. We are looking forward to having the full dataset in place so we can move into the field and begin testing our priority targets,” he said.
Skeleton Coast Uranium Corp. holds options to acquire 70 to 75 percent controlling interests in the five EPLs in the Erongo Region.
