Connected Minerals Ltd (ASX:CML) Announces Priority Drill Targets at Swakopmund Uranium Project
Exploration Update
Connected Minerals Limited (ASX:CML) is pleased to report positive results from a recently completed horizontal-loop electromagnetic (HLEM) survey at its Swakopmund Project (EPL 9162) in Namibia. The survey aimed to delineate paleochannels with potential calcrete hosted uranium mineralisation in the central and eastern areas of the licence.
Survey Results
The HLEM survey confirmed potential paleochannels along four of the completed lines, providing CML with priority targets for an upcoming drilling programme. Notably, Line 1 returned the deepest and widest paleochannel response, measuring 600m in width and reaching a maximum depth of ±18m. The Swakopmund Project covers 125km² and is located near Orano’s Trekkopje and Klein Trekkopje uranium deposits.
Future Plans
Planning for an initial drill programme at Swakopmund is underway, with drilling expected to commence in Q2 2025. CML will continue to update the market as planning for this programme progresses.
Executive Comments
Managing Director and CEO Mr Warrick Clent stated, “We are encouraged by the results from the HLEM survey at our Swakopmund Project, announced less than two weeks after the granting of EPL9162. Our aggressive exploration strategy in Namibia, following our readmission to the ASX in late 2024, is already delivering promising results, with this survey confirming paleochannels within the licence area. Building on this momentum, we have immediately commenced planning for an initial drilling programme at Swakopmund, which we expect will begin in Q2 2025. We will continue to update the market as planning for this programme progresses.”
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