West Australian Metals announced an interim upgrade to the Mineral Resource for its 80%-owned Marenica Uranium project in Namibia, Southern Africa. The upgrade, which includes the results of just over one third of the new drilling and re-probing data from the company’s 2009 exploration program, has resulted in approximately 15% of the resource being upgraded to the Indicated category and an increase in overall tonnage and U3O8 content. The revised resource totals 122 Mt grading 140ppm U3O8 comprising an Indicated Mineral Resource of 16 Mt grading 170ppm U3O8 and an Inferred Mineral Resource of 106 Mt grading 140ppm U3O8 for a combined total of 38.6 million pounds of contained U3O8.
West Australian Metals reported that the Exclusive Exploration Licence covering the Marenica Uranium Project in Namibia, has been renewed for two years from November 2008 by the Ministry of Mines and Energy.
West Australian Metals reported encouraging initial results from drilling at the key Phillipus Exploration Target, the
first regional exploration target to be tested for primary uranium mineralisation at its 80%-owned Marenica Uranium project in Namibia, Southern Africa. Highlights include hole MAR1601 intersecting 16.2 meters grading 169ppm eO3O8 from 8.2 meters.
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