Madison Metals extends closing of Khan uranium project in Namibia
Upstream mining and exploration company Madison Metals and an arm’s length vendor have mutually agreed to extend the closing of the Khan project agreement covering mining licence (ML) 86A and exclusive prospecting licence (EPL) 8905 in Namibia.
ML 86A and EPL 8905 are said to be key strategic licences to expand Madison’s land holdings around producing uranium mines in the Namibian province of Erongo.
Together, they form a contiguous land package of 7.86 km2 immediately southwest of the Rössing mine.
“Results from our initial ground prospecting survey are extremely encouraging and will be released once all the data has been fully analysed.
“We look forward to continuing to advance our regional-scale portfolio in Namibia’s highly prospective Erongo province,” says Madison CEO and executive chairperson Duane Parnham.
Madison has made advanced payments of $125 000 towards the final closing price of the Khan project transaction.
Namibia is the world’s second-largest uranium-producing country and holds the world’s fifth-largest uranium total resource.
A mining-friendly jurisdiction, Madison’s mining activities in Namibia are supported by excellent infrastructure including a seaport, airport, a well-established road network, water and power, the company highlights.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation