C29 Metals

Quarterly Activities Report - For Period Ended 30 September 2024

C29 Metals Limited (ASX:C29) (C29, or the Company) is pleased to provide an overview of activities for the period ending 30 September 2024 (the “Quarter”, the “Reporting Period”) to accompany the Appendix 5b.


September 2024 Quarter Activities

  • Licence Application lodged and granted for southern tenement (213km2) contiguous to the Ulytau Uranium Project
  • Licence Application lodged and granted for the northern tenement (39km2), which sits immediately north of the historic Bota Burum Uranium mine
  • The new tenements are interpreted to contain the same mineralised uranium trend to that of the existing Ulytau Project area
  • Received Category four (4) exploration works approval to enable the immediate commencement of geophysical and soil sampling programs, further reinforcing the positive operating environment and Government support in Kazakhstan
  • Progressed Category two (2) drilling approval and commenced site based activities in preparation for drilling commencement

Commenting on the Quarter, C29 Metals Managing Director, Shannon Green, stated: “"We are excited with the rapid progress made during the Quarter in both advancing our drilling permit and expanding our highly prospective Ulytau Uranium Project, with both the northern and southern tenement applications successfully granted thereby expanding the Project area to 276km2. This achievement underscores the efficiency and support of the local Government, allowing us to advance our

exploration efforts swiftly. The Ulytau region continues to demonstrate significant potential, and with strong local support and community engagement, we are excited to further explore this mineralised trend and enhance our growth strategy in Kazakhstan."

Exploration Program – Ulytau Uranium Project

The Company commenced initial exploration activities on its Ulytau Uranium Project in August 2024 after receiving Category four (4) exploration approval. The initial geological program consisted of tenement wide mapping and some initial soil sampling to assist with finalising drill hole locations.

The geology team utilised a handheld X-ray fluorescence (“XRF”) unit to provide real time geological information to the team and valuable geological data that will assist with the initial drill hole targeting and methodology.

Post Quarter end on 16 October 2024, the Company announced that it had received official notification from the Natural Resources and Environmental Management Department the company has met all regulatory requirements for the issue of the drill permit, enabling the commencement of mobilisation for the initial drilling at its Ulytau Uranium project.

License Applications for Project Expansion

The Company expanded its footprint at the Ulytau Uranium Project with the lodgement of two new applications for tenements in July 2024, the tenements, located to the North and to the South and South-East have a combined size of ~252km2 (Figure 1). Both applications were reviewed and granted by the Ministry during the Quarter, increasing the total footprint of the Ulytau Uranium Project to ~276km2.

Figure 1 – The interpreted mineralised uranium trend with new licence applications

The two granted areas have been interpreted as having a similar mineralised trend to that of the existing Ulytau Uranium Project area. Please refer to ASX Announcement “License Applications Lodged around Ulytau Uranium Project” dated 24 July 2024 and the further clarification on 25 July 2024.


Click here for the full ASX Release

This article includes content from C29 Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

C29:AU
C29 Metals

C29 Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
C29 Metals

C29 Metals


Keep reading...Show less
Drilling at Cheechoo Intersects 12.08 g/t Au Over 20.3 Metres

Drilling at Cheechoo Intersects 12.08 g/t Au Over 20.3 Metres

VAL-D’OR, QUÉBEC–(Marketwired – March 29, 2016) – Golden Valley Mines Ltd. (“Golden Valley” or the “Company”) (TSX VENTURE:GZZ) announces partial results of gold assays from diamond drillhole #52 on the Cheechoo gold property (“Cheechoo gold project”). The information that follows has been prepared by partner and program operator Sirios Resources Inc. (TSX VENTURE:SOI) and has not been independently verified by Golden Valley:

“Following observations of visible gold indicating potentially a significant gold zone in this drill hole, Sirios geologists extracted a series of drill core samples for priority assay. It shows, between 120 m and 140.3 m, a section grading 12.08 g/t Au over 20.3 metres including 48.38 g/t over 4.4 metres (uncut grades, true width unknown). The gold mineralization is distributed in both meta-sedimentary rocks and the tonalite, thus overlapping the contact of these two lithologies. Gold is associated with the presence of numerous folded millimetric veinlets of quartz-feldspar. Only the section between 113.5 m and 147 m was assayed to date in this drill hole, results are detailed in the table below.

Keep reading...Show less
AuKing Mining (ASX:AKN)

AuKing Mining


Keep reading...Show less
AuKing Mining (ASX:AKN)

Rock Chip Samples Confirm Gold Mineralisation at Shaib Marqan

AuKing Mining Limited (ASX: AKN, AuKing) is pleased to advise that recent rock chip sample assays have confirmed potentially significant gold mineralisation at the Shaib Marqan project in Saudi Arabia.

Keep reading...Show less

Denison Reports Financial and Operational Results for Q3'2024, Including Positive Progress on Phoenix Engineering and Regulatory Review

Denison 70 Logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the three and nine months ended September 30, 2024 . Both documents will be available on the Company's website at www.denisonmines.com , SEDAR+ (at www.sedarplus.ca ) and EDGAR (at www.sec.govedgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Cameco Reports Q3 Results; Improving Operational Performance Supports Dividend Growth; Strengthening Prospects Amid Growing Demand for Nuclear Power; Long-Term Contracting Activity Gaining Momentum; Strong Annual Outlook; Cameco Well-Positioned

Cameco( TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the third quarter ended September 30, 2024, in accordance with International Financial Reporting Standards (IFRS).

"Our third quarter operational performance was strong across all segments, supporting our return to a tier-one cost structure," said Tim Gitzel, Cameco's president and CEO. "Looking past quarterly earnings, which can vary significantly, there is a clear underlying trend of improving operational performance and cash flow generation, backed by stable and rising market prices. Apart from the impact of a stronger US dollar, our financial outlook for both Cameco and Westinghouse remained strong and unchanged. To recognize the return to our tier-one production rate and the continued strengthening of the industry's long-term prospects, our board of directors declared an increased 2024 annual dividend of $0.16 per common share. We are also recommending a dividend growth plan to our board of directors, under which we expect to at least double last year's dividend of $0.12 per common share, to $0.24 per common share, over the fiscal periods 2024 through 2026, subject to annual consideration by our board.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
C29 Metals

Category 2 Environmental Permit Received

C29 Metals receives official Category 2 environmental permit, MOU signed with Volkov Geology (100% owned subsidiary of Katomprom the national & only Uranium producer in Kazakhstan) strong local community support, and a Social Support Agreement signed.

C29 Metals Limited (ASX:C29) (C29, or the Company) is pleased to announce that it has received the official Category 2 environmental permit allowing drilling to be undertaken at the Ulytau uranium project with the Official permit received from the Natural Resources and Environmental Management Department.

Keep reading...Show less

Ur-Energy Releases 2024 Q3 Results

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") has filed the Company's Form 10-Q for the quarter ended September 30, 2024, with the U.S. Securities and Exchange Commission at www.sec.govedgar.shtml and with Canadian securities authorities at www.sedarplus.ca

Ur-Energy CEO, John Cash said: "The uranium market fundamentals remain strong, and, despite some volatility, we expect to see continued price support based on a slow response by suppliers to growing demand. We estimate this imbalance will take many years to correct and could be exacerbated by geopolitical events.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
C29 Metals

C29 Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×