Madison Metals chairperson and CEO Duane Parnham
Namibia- and Canada-focused uranium mining and exploration company Madison Metals has successfully renewed exclusive prospecting licence (EPL) 7011 in the Madison North project area, adjacent to the globally acclaimed Rössing uranium mine in the renowned Erongo uranium province of Namibia.
Madison holds an 85% interest in EPL 7011, which is located in a well-known uranium belt.
“EPL 7011 bolsters Madison’s strategic land positioning and there is a National Instrument (NI) 43-101 technical report, affirming the licence’s potential for uranium deposits,” says Madison chairperson and CEO Duane Parnham.
Emphasising the importance of this renewal, Parnham adds that the strategic renewal of EPL 7011, supported by an NI 43-101 technical report, aligns with the company's focused approach to maintaining and expanding its presence in this uranium-rich area.
"Our current efforts are centred on strategic exploration and drilling for potential deposit expansions on adjoining concessions,” he adds.