ENRG set to renew Agadez uranium permits after Niger visit

[Pelican Press 0]

ENRG set to renew Agadez uranium permits after ****** visit

ENRG Elements is soon expecting exploration permit renewals for its Agadez uranium project in ****** after receiving assurances of continued Government support for the mining industry during a recent visit to the country.

It comes after ENRG managing director Caroline Keats held meetings in ****** with Mines Department officials including the Minister for Mines, Commissaire Colonel Ousmane Abarchi. The company’s Agadez project includes three exploration permits in the Tim Mersoï Basin, which is one of the world’s most prospective uranium-producing areas.

In 2021, ****** was the world’s seventh-biggest uranium producer. The Tim Mersoï Basin contains one of the world’s biggest uranium reserves and is the fourth-biggest producer. It also hosts *******’s highest grades and uranium tonnages in *******.

ENRG obtained a two-year extension of the permits in 2022 following its acquisition of the ground earlier that year. They are slated to expire in November this year and the company has now applied for a renewal through to November 2027.

ENRG Elements has maintained a strong and positive relationship with the ****** Government since the company acquired the Agadez uranium project in 2022. The support we have received and the imminent grant of our permit renewals reaffirms our commitment to advancing the Agadez uranium project.

Keats said the company was dedicated to contributing to the development of ******’s mining sector at a “very exciting” time in the uranium sector.

Since its acquisition of the ground, ENRG has undertaken 5500m of drilling and increased the previous estimated mineral resource to an inferred 31.2 million tonnes at a grade of 315 parts per million uranium oxide for 21.5 million pounds between the surface and a depth of 37m.

Management says Agadez possesses similar geology to Orana SA’s Cominak Somair and Imouraren uranium mines and also to deposits held by Global Atomic and GoviEx Uranium. It says it has also recently been granted the 500-square-kilometre Tourouadji lithium exploration permit in ******, about 70km from its Agadez tenements.

Just last month, ENRG revealed it had used radiometrics in ground surveys, in addition to a trenching program, to identify potentially-significant uranium mineralisation at Agadez . The company used hand-held radiation survey devices that provided readings up to 2900-times background levels, enabling preliminary identification of possible mineralised zones at the site within the Tim Mersoi Basin.

Management says it tested the highly-promising zones using radiometrics after past soil sampling assays and its 2009 geophysical airborne magnetic and radiometric surveys indicated several highly-prospective areas across its Takardeit area.

It will use the information from that work to plan further drilling and any updates to its resource modelling and estimates.

With results of that type starting to stack up and having senior ****** Government officials pledging personal support, ENRG appears to be able to continue its work with renewed confidence.

Is your ASX-listed company doing something interesting? Contact: *****@*****.tld

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