Connected Minerals Limited (ASX:CML) Completes Maiden Exploration Programme
Completion of Maiden Exploration Programme
Connected Minerals Limited (ASX: CML) has successfully completed its maiden exploration programme at the Etango North-East Project in Namibia. This key milestone follows the company’s readmission to the ASX on 25 October 2024.
The exploration programme commenced in late October and involved thorough reconnaissance sampling and geological assessments. Initial results indicate high-grade Uraniummineralisation, with rock chip results confirming significant concentrations, such as 2,086 ppm U3O8 from sample CMRS4.
The exploration activities included the collection of 130 new rock chip samples and trenching efforts that established 139 metres of new trench. Additional surveying activities encompassed detailed geological mapping, scintillometer surveys, and high-resolution drone photogrammetry.
Future Outlook
Connected anticipates receiving the remaining rock chip results in mid to late January, which will be critical for defining drill targets for a planned drilling programme set to commence in Q1 2025.
Warrick Clent, Managing Director and CEO of Connected Minerals, expressed satisfaction with the results thus far. “We are pleased to advise shareholders we have now completed our incredibly successful maiden exploration programme at Etango North-East,” Clent stated. He emphasized the strategic location of the target area, which lies along strike from Bannerman Energy’s world-class Etango Uranium Project, further pointing towards the significance of the reported results.
The exploration team in Namibia is led by Herbert Roesener, a highly experienced uranium exploration geologist.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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