Connected Minerals Advances Uranium Ambitions with New Namibian Licence

Strategic Licence Acquisition in Namibia

Connected Minerals Ltd (ASX: CML) has taken a decisive step forward in its uranium exploration strategy with the granting of Exclusive Prospecting Licence (EPL) 9162 for its Swakopmund Project in Namibia. This 125 square kilometre licence lies within one of the world’s most prolific uranium producing regions, placing Connected Minerals in close proximity to Orano’s Trekkopje and Klein Trekkopje deposits, which collectively hold an estimated 340 million tonnes at 140ppm U3O8.

The approval followed the issuance of an Environmental Clearance Certificate (ECC), underscoring the company’s commitment to responsible exploration practices in a sensitive and highly regulated jurisdiction.

Exploration Potential and Immediate Activity

Swakopmund’s geological setting is promising, with the potential for calcrete-hosted uranium deposits associated with paleo-channels draining from uranium-rich granites nearby. Connected Minerals has identified multiple prospective targets, particularly in the central and south-eastern parts of the licence area.

In line with its aggressive exploration timetable, Connected’s team has already mobilised to conduct a horizontal-loop electromagnetic (HLEM) survey. This geophysical technique aims to delineate paleo-channel structures that could host uranium mineralisation. The company has flagged that results from this survey will be communicated promptly, providing early insights into the licence’s potential.

Building on Namibian Uranium Ambitions

The Swakopmund Project represents Connected Minerals’ second granted exploration licence in Namibia, complementing its Etango North-East licence where recent sampling has confirmed high-grade uranium mineralisation. Managing Director Warrick Clent emphasised the strategic importance of Swakopmund, noting the licence was granted within the expected timeframe and that exploration efforts would continue unabated.

Namibia’s uranium province remains a hotspot for exploration, with established mines such as Rossing, Husab, and Langer Heinrich nearby. Connected Minerals’ entry into this region signals its intent to build a meaningful uranium resource base, leveraging both geological potential and proximity to existing infrastructure.

Outlook and Market Implications

While the Swakopmund licence holds promise for low-grade but high-tonnage uranium deposits, the actual economic viability will depend on forthcoming exploration results. The company’s swift commencement of geophysical surveys reflects a proactive approach to de-risking the project and advancing towards resource definition.

Investors will be watching closely for updates on the HLEM survey outcomes and any subsequent drilling campaigns. Success here could position Connected Minerals as a notable player in the uranium sector, particularly as global demand for nuclear fuel evolves amid energy transition dynamics.