Namibia – A Tier-One Uranium Destination
Namibia is the world’s 4th largest producer of uranium, responsible for ~6% of global uranium output. Over the last 45 years the Erongo Region of Namibia has produced in excess of 350Mlb of U3O8.
Importantly, this standout uranium region contains significant resources of U3O8 with ~1.5Bnlb in Measured and Indicated Resource categories and ~350Mlb in Inferred Resources including Deep Yellow’s projects. The resources occur within a north-south corridor which is approximately 200km long and 65km wide.
Mineralisation within this region occurs in two distinct types:
- Palaeochannel/calcrete-type uranium mineralisation which occurs in Tertiary and Quaternary sediments filling ancient river valleys that drained the uranium rich hinterland.
- Basement/alaskite-type uranium mineralisation which is currently mined at Rössing and Husab. This type occurs in granitic and associated rocks of the Damaran or Pan-African orogenic belt forming the basement of the region.
Namibia is a highly-supportive mining jurisdiction, with excellent infrastructure for development and mining and is host to a number of world-class uranium mining operations including Rössing – 11Mlb/pa design, Husab – 15Mlb/pa design and Langer Heinrich – 5Mlb/pa design.