HIGHLIGHTS
*Cautionary statement: The foreign estimates and foreign exploration results in this announcement are not reported in accordance with the JORC code 2012. A competent person has not done sufficient work to classify the foreign estimate as a Mineral Resource, or disclose the foreign exploration results, in accordance with the JORC Code 2012. It is uncertain that following evaluation and/or further exploration work the foreign estimate will be able to be reported in accordance with the JORC Code 2012, and it is possible that following further evaluation and/or exploration work that the confidence in the prior reported foreign exploration results may be reduced when reported under the JORC Code 2012. Nothing has come to the attention of the Company that causes it to question the accuracy or reliability of the foreign exploration results, but the Company has not independently validated the foreign exploration results and therefore is not to be regarded as reporting, adopting or endorsing the foreign exploration results.
C29 Metals Managing Director, Mr Shannon Green, commented:
“It is very exciting to have these highly prospective applications lodged as the Company has been moving very quickly in accordance with its stated strategic plan to rapidly grow our prospective footprint in Kazakhstan. The fact that these applications are interpreted as potentially being in the same mineralised trend that hosts the high grade Ulytau Uranium Project is extremely exciting for the Company’s growth aspirations and our exploration programs moving into 2025. It is also very pleasing to be receiving such positive support from our local community and key stakeholders”.
Figure 1 below shows the interpreted mineralised uranium trend with the new licence applications.
Application Information
The Southern application (application number 1905-EA, lodged 17/07/2024) is contiguous with the Ulytau licence area, and sits immediately to the South and East of the Ulytau Uranium project tenement boundaries. The Southern application area is ~213 km2.
The Northern application (application number application number 1913-EA, lodged 17/07/24) sits to the north of the Ulytau Uranium project tenement and immediately North of the historic Bota Burum Uranium mine. The Northern licence application area is ~39 km2.
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