https://www.miningweekly.com

Forsys Metals lifts Namibian flagship’s resources

8th October 2013

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Namibia-focused uranium explorer Forsys Metals has completed a resource update for its flagship Norasa project, in that country, lifting the measured and indicated resources by 10% and increasing the average grade by 13%.

The Canadian National Instrument 43-101-compliant measured and indicated resources had increased to 103-million pounds of uranium, up from 94-million pounds, and the grade rose to 197 parts permillion (ppm) as a result of higher cutoff grades of 100 ppm at Valencia and 170 ppm at Namibplaas.

At lower cutoffs, of 60 ppm at Valencia and 100 ppm at Namibplaas, measured and indicated resources totalled more than 150-million pounds of uranium.

The company on Monday said the updated resource estimate was based on an extensive drilling programme at the Namibplaas and Valencia extension deposits, together with a detailed modelling review of the main Valencia deposit.

Forsys expected to release an updated reserve statement before the end of the first quarter of 2014.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.
Magazine round up | 10 July 2026
Updated 7 hours ago

Showroom

Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 
Essentra Components
Essentra Components

We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.046 0.069s - 111pq - 2rq
Subscribe Now