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Marenica Energy: Identifies extensive uranium mineralisation in Namibia | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Marenica Energy: Identifies extensive uranium mineralisation in Namibia

Marenica Energy: Identifies extensive uranium mineralisation in Namibia

  • Marenica Energy has discovered a 30-kilometre-long system of uranium mineralisation at its Hirabeb prospecting license in Namibia
  • Earlier this year, the Perth-based company identified the system during a maiden reverse circulation drill program
  • Since then, Marenica has been targeting near-surface palaeochannels in which uranium has been identified
  • The low-cost exploration program included horizontal loop electromagnetics (HLEM) surveys
  • Murray also noted that the discovery at Hirabeb is potentially the most significant in Namibia
  • Marenica Energy shares have risen 4.11 per cent into the green in midmorning trade, priced at 7.6 cents per share

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