Frontier Nuclear and Minerals is targeting the release of a maiden mineral resource estimate for its Engo Valley Uranium Project in Namibia during the third quarter of 2026, marking a key milestone in defining the scale of uranium mineralisation identified through recent exploration.
The company said the resource estimate follows two years of exploration and represents the next major step in advancing the project. The update was disclosed in Frontier’s June 2026 quarterly report.
Frontier said additional drilling will be undertaken after the initial resource estimate to expand the project’s resource base, signalling that exploration at Engo Valley will continue beyond the maiden declaration.
The company holds an 85% interest in the Engo Valley Uranium Project, which covers approximately 68,283 hectares along Namibia’s Skeleton Coast in the Kunene Region. The project is held under a single Exclusive Prospecting Licence (EPL), which is currently being renewed.
Exploration activity has intensified since 2024, with Frontier completing a RadonX cup survey over approximately 139 square kilometres before undertaking two phases of reverse circulation and diamond drilling in 2025 to delineate uranium mineralisation.
Frontier said the project area was previously explored by South African mining company Gencor during the 1970s, but recent exploration using modern geophysical techniques and drilling has significantly improved understanding of the uranium system.
The maiden mineral resource estimate will provide the first internationally compliant assessment of the scale and grade of uranium mineralisation at Engo Valley and will guide future exploration and project evaluation.
The company said Namibia’s status as one of the world’s leading uranium producers strengthens the project’s development potential, noting that the country is the world’s third-largest producer of uranium oxide, accounting for about 12% of global output behind Kazakhstan and Canada.
Frontier also highlighted Namibia’s more than 120-year mining history, underpinned by established uranium, zinc, graphite and gold industries.
Following the maiden resource estimate, the company plans to continue drilling to further define and expand mineralised zones as it advances the Engo Valley project through the exploration and evaluation stages.
