C29 Metals

License Applications Lodged Around Ulytau Uranium Project

C29 Metals expands Ulytau Uranium Project with new licence applications (252km²), strong local support, and a Social Support Agreement signed. Drilling Approvals Advancing.

C29 Metals Limited (ASX:C29) (C29, or the Company) is pleased to announce that it has lodged two (2) new licence applications with the Kazakhstan ministry of Natural Resources. The licenses are designed to cover ~18km of additional prospective strike that the C29 geologists have interpreted as potentially being in the same mineralised trend that hosts the high grade Ulytau Uranium Project and may contain further high-grade uranium mineralisation.


HIGHLIGHTS

  • C29 Metals has lodged two (2) new licence applications around the high grade Ulytau Uranium project. The combined size of the applications is ~252km2.
  • The Company has held two (2) community consultation days at the local community of Aksuyek. The local community of Aksuyek have shown their strong support for the Company’s planned exploration programs.
  • A Social Support Agreement has been signed with the district government, providing the framework for the Company to assist the village of Aksuyek with projects aligned to the social development of the community.
  • The approval process for the Company’s planned exploration programs is at an advanced stage & on track.
  • The Ulytau Uranium Project contains a Non-JORC foreign estimate of 9.85M/lbs Uranium @ 2,790ppm. *
  • Multiple non-JORC foreign drill intersects >6,000ppm U308 from surface have been recorded. *

*Cautionary statement: The foreign estimates and foreign exploration results in this announcement are not reported in accordance with the JORC code 2012. A competent person has not done sufficient work to classify the foreign estimate as a Mineral Resource, or disclose the foreign exploration results, in accordance with the JORC Code 2012. It is uncertain that following evaluation and/or further exploration work the foreign estimate will be able to be reported in accordance with the JORC Code 2012, and it is possible that following further evaluation and/or exploration work that the confidence in the prior reported foreign exploration results may be reduced when reported under the JORC Code 2012. Nothing has come to the attention of the Company that causes it to question the accuracy or reliability of the foreign exploration results, but the Company has not independently validated the foreign exploration results and therefore is not to be regarded as reporting, adopting or endorsing the foreign exploration results.

C29 Metals Managing Director, Mr Shannon Green, commented:

“It is very exciting to have these highly prospective applications lodged as the Company has been moving very quickly in accordance with its stated strategic plan to rapidly grow our prospective footprint in Kazakhstan. The fact that these applications are interpreted as potentially being in the same mineralised trend that hosts the high grade Ulytau Uranium Project is extremely exciting for the Company’s growth aspirations and our exploration programs moving into 2025. It is also very pleasing to be receiving such positive support from our local community and key stakeholders”.

Figure 1 below shows the interpreted mineralised uranium trend with the new licence applications.

Figure 1 – The interpreted mineralised Uranium trend with the new licence applications

Application Information

The Southern application (application number 1905-EA, lodged 17/07/2024) is contiguous with the Ulytau licence area, and sits immediately to the South and East of the Ulytau Uranium project tenement boundaries. The Southern application area is ~213 km2.

The Northern application (application number application number 1913-EA, lodged 17/07/24) sits to the north of the Ulytau Uranium project tenement and immediately North of the historic Bota Burum Uranium mine. The Northern licence application area is ~39 km2.


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
Greenvale Energy Ltd

Greenvale Acquires 100% Interest in Advanced High Grade Oasis Uranium Project, Located 50km West of Greenvale FNQ

Greenvale Energy Ltd (ASX: GRV, “Greenvale” or “the Company”) is pleased to advise it has acquired a 100% interest in the advanced high grade Oasis Uranium project. The Oasis deposit and associated regional uranium anomalism are contained with EPM 27565 which cover 53 subblocks over an area of 90 km2 and located 250 km west of Townsville and 50 km west of Greenvale in FNQ (Figure 1). The project area is located entirely within the Lynd Station pastoral land. The company has acquired the 100% interest from the vendors Maverick Exploration Pty Ltd, Remlain Pty Ltd and Mineral Intelligence Pty Ltd (equal 1/3 each interest) for a consideration of $200,000 cash and the issue of 20 million Greenvale shares.

Keep reading...Show less
Greenvale Energy Ltd

Greenvale to Commence Test Program 6 on the Alpha Project, after receiving $1.175M R&D Rebate

Greenvale Energy Ltd (ASX: GRV, “Greenvale” or “the Company”) is pleased to advise that the Company has received $1.176 million in R&D rebates for the 2024 Financial Year. In addition to these funds, Greenvale expected to receive $250,000 from the sale of EP145 announced on 16 October 20241 in the coming weeks.

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

Saudi Arabia Joint Venture Update – AuKing grants option to acquire its JV Interests

AuKing Mining Limited (ASX: AKN) wishes to advise that it has entered into a binding term sheet with ASX-listed Resource Mining Corporation Limited (ASX:RMI) granting RMI an option to purchase all of AuKing’s interests in its Joint Venture arrangements that have been established in Saudi Arabia.

Keep reading...Show less

Ur-Energy Will Participate in the "2025 Mining Conference: Mining & Supplying Critical Minerals & Precious Metals" Presented by Maxim Group LLC on Thursday, January 16

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") is pleased to announce that its Chairman and CEO, John Cash, will participate in the Maxim Group LLC "2025 Mining Conference: Mining and Supplying Critical Minerals and Precious Metals," on Thursday, January 16, 2025. The Conference will be virtual with registration and access as set forth below

At the Conference, Tate Sullivan, Senior Research Analyst at Maxim Group, will host virtual conversations with companies to identify future trends in mining and supplying critical minerals and precious metals.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Ur-Energy Will Participate in the "2025 Mining Conference: Mining & Supplying Critical Minerals & Precious Metals" Presented by Maxim Group LLC on Thursday, January 16

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") is pleased to announce that its Chairman and CEO, John Cash, will participate in the Maxim Group LLC "2025 Mining Conference: Mining and Supplying Critical Minerals and Precious Metals," on Thursday, January 16, 2025. The Conference will be virtual with registration and access as set forth below

At the Conference, Tate Sullivan, Senior Research Analyst at Maxim Group, will host virtual conversations with companies to identify future trends in mining and supplying critical minerals and precious metals.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Cameco Acknowledges Resignation of Westinghouse President and CEO

Cameco (TSX: CCO; NYSE: CCJ) acknowledges the dedicated work and leadership of Patrick Fragman during his tenure as President and CEO of Westinghouse Electric Company. Today, Patrick announced his intention to leave his position at Westinghouse, effective March 31, 2025, in order to spend more time with his family in Europe. Patrick has led Westinghouse since 2019.

"Westinghouse is a pioneer in the nuclear energy industry and is regarded as a leader in nuclear innovation and plant services," said Tim Gitzel, president and CEO of Cameco. "We thank Patrick for his leadership and wish him and his family all the best in the future."

News Provided by Business Wire 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

×