Uranium developer Madison Metals has been awarded an environmental clearance certificates (ECC) by the Namibian Ministry of Setting, Fisheries and Tourism (MEFT) for unique prospecting licences 8531 (EPL-8531) and 8115 (EPL-8115).
The issuance of the ECC is underpinned by the submitted and permitted environmental-impact assessments (EIAs) and environmental administration plans (EMPs).
The ECC is legitimate for a interval of three years to October 18, 2025.
The ECC authorises Madison to start exploration actions on the properties, together with intensive reverse circulation (RC) and core drilling within the new 12 months.
EPL-8531 and EPL-8115 are positioned within the famend Erongo uranium province of Namibia and are inside trucking distance of the Rössing and Husab mines. The properties host beneficial geology for granite-hosted uranium deposits.
EPL-8531 is positioned 50 km west of Rössing and is characterised by quite a few faults, synforms and antiforms, in addition to models of the Chuos, Arandis and Karibib formations, leading to a beneficial structural and geological setting for granite-hosted uranium deposits.
Historic drilling over two targets totalled 3 720 m of RC drilling from 50 drill holes.
The historic inferred mineral useful resource estimate by consulting engineers SRK Consulting UK of 15.6-million tonnes grading at 260 ppm triuranium octoxide (U3O8) for a contained steel complete of nine-million kilos of U3O8.
Drill-ready targets have been recognized, with a considerable drill programme deliberate for subsequent 12 months.
EPL-8115, alternatively, is positioned 18 km southwest of Rössing and stays comparatively underexplored. Nonetheless, beneficial geology has been recognized, together with basement rocks intruded by leucogranites, which coincides with airborne radiometric anomalies.
