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Marenica Energy Ltd.

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Summary

Project:

Koppies

Deposit:Koppies
Location:Namibia
Commodities:Uranium
Date:11/7/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:7-11-2019: Marenica Energy Ltd. announces an Exploration/Drilling Update report for its Koppies deposit at the Koppies project. Drilling results incl. 13m @ 905ppm U3O8 from 3m. Marenica Energy Limited (“Marenica”, the “Company”) (ASX:MEY) is pleased to a
Resources:x
CP/QP:[Overall Report]: Herbert Roesener (Independent)
ABSTRACT:Marenica Energy Limited (“Marenica”, the “Company”) (ASX:MEY) is pleased to announce it has received assay results from its Phase 2 reconnaissance rotary air blast (“RAB”) drilling program on exclusive prospecting licence (“EPL”) 6987 in Namibia, Africa. EPL 6987, referred to as Koppies, is one of nine tenements that the Company has applied for in the Namib desert in recent years. The exceptional interval of 2 m at 4,504 ppm U3O8 was contained within an intersection of 13 m at 905 ppm U3O8 from 3 m in hole KP055. The direction of the palaeochannel in this area is yet to be established, however, this will be the focus of the next drilling program expected to commence shortly. Marenica Managing Director, Murray Hill, commented: “With such fantastic results, the Koppies story continues to develop, with excellent grades achieved from Phase 2 drilling, coupled with the discovery of a new highly mineralised palaeochannel at Koppies 2. We look forward to continuing to advance the project over the coming period with expanded drilling to commence shortly.”

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