ENRG Elements granted permit renewals for Niger project
ASX-listed ENRG Elements has secured a three-year renewal of the three granted exploration permits that make up its 100%-owned Agadez uranium project, in Niger.
The exploration permits, covering about 726 km2, were renewed without any relinquishment and are now valid through to November 2027.
The renewal follows ongoing positive engagement between the company and Mines Department officials in Niger, the company highlights.
Most recently, successful meetings were held with the Nigerien Minister of Mines, Commissaire Colonel Ousmane Abarchi, where it was confirmed that the Niger government remains committed to mining and exploration initiatives in-country, ENRG notes.
The Agadez project is located in the Tim Mersoi basin, one of the world’s major uranium-producing areas.
Since acquisition of the project in May 2022, ENRG has undertaken considerable exploration, including a 5 500 m drill campaign which led to an about 100% increase in the mineral resource estimate at the Takardeit deposit.
Most recently, the company also completed a ground survey and trenching programme, which it says further validated the area’s geology and demonstrated the continuity of higher-grade mineralisation in the Mousseden formation.
Assay results from the trenching programme are expected to be released to the market shortly.
“The renewal of our permits from the Nigerien government highlights the considerable confidence in ENRG’s in-country potential and the mining sector more broadly. In recent meetings with government, officials have echoed this sentiment, and we look forward to advancing exploration initiatives at Agadez to unlock value for shareholders.
“The company’s management continues to explore opportunities for potential near-term exploration at Agadez, which will be based on pending results from our recently completed trenching programme,” says ENRG MD Caroline Keats.
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