Have all seen Namibia thrive as a Uranium producing nation for over 40 years. Numerous majors including Rio Tinto, Areva, CGNPC and Paladin have all operated here making Namibia one of the largest uranium producing nations globally.
Rössing North is located directly adjacent to Rio Tinto’s Rössing Mine and with excellent existing infrastructure. Cobra have identified several anomalous zones of mineralisation analogous with the regional deposits such as Rossing, Husab and Trekkopje.
Both primary Alaskite and Secondary Calcrete mineralisation are present on site. With the Alsakite geology typical of Rossing, Rossing South, Valencia and Etango in the Damara Orogenic Belt.
| JORC 2012 Resource Estimate, Novemeber 2015 | |||
|---|---|---|---|
| Inferred | 15.62Mt | 266ppm | 9.14 Mlbs U3O8 |
Cobra drilled in excess of 3,700m across Areas 1 & 3 with every hole intercepting mineralisation which has resulted in a JORC 2012 Maiden Resource of 9.14Mlbs U3O8 completed by SRK Cardiff.
With a 100% drilling target success rate no money was wasted during the delineation of the maiden resource.
Both Areas 1 & 3 remain open along strike and at depth with current drilling testing to a maximum depth of only 100m.
An independent SRK report estimates that a potential 180Mlbs U3O8 could be present at Rössing North, both as Alaskite and Calcrete hosted mineralisation covering 11 target areas.
Further potential for Base Metals exists on site while critical metals such as Vanadium are present and as of yet untested.
| Anomalous Area |
Exploration Potential, Max Contained U3O8 Mlbs |
|---|---|
| 1 | 70 Mlbs |
| 3 | 70 Mlbs |
| 5 | 14 Mlbs |
| 9 | 6 Mlbs |
| 10 | 6 Mlbs |
| 11 | 12 Mlbs |
| Total: | 180 Mlbs |