Skeleton Coast Uranium Submits Renewal Application for EPL 8208 with a Fully Funded Two Year Exploration Programme
Skeleton Coast Uranium has lodged the first renewal application for EPL 8208 in Namibia, seeking a two-year extension over the full 7,840.7-hectare licence contiguous with the Langer Heinrich uranium mine. The renewal is supported by a fully funded two-year exploration programme of N$13.75 million (about C$1.1 million): year one for target generation and definition, year two for drill testing behind a formal decision gate.
Key figures
- Year1 budget
- N$5.5 million (~C$470 thousand)
- Year2 budget
- N$8.25 million (~C$710 thousand)
- Renewal licences
- EPL 8208
- Renewal term years
- 2
- Programme budget nad
- N$13.75 million
- Option earn in interest
- up to 75%
- Cad commitment all licenses
- CAD$5 million by June 2028
- Programme budget cad approx
- C$1.1 million
- Option expenditure commitment
- CAD$3 million by June 30, 2028
- Namibia share of global uranium production 2024
- approximately 12%
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