Core Energy Minerals starts 2,650m uranium drilling in Namibia
By Jon CuthbertKey points
- Core Energy Minerals has begun a 12-hole, 2,650-metre diamond and reverse circulation drilling programme at the Barking Gecko prospect in Namibia.
- Following the announcement, the Core Energy Minerals share price was up at $0.005.
- The company stated that the initial phase aims to confirm high-grade mineralisation from historic drilling before expanding the footprint.
Core Energy Minerals (ASX:CR3) has started a 12-hole, 2,650-metre drilling programme at the Barking Gecko uranium prospect in Namibia.
The campaign follows the company's September 2, 2026 binding earn-in agreement to acquire up to 51% of the Nova Joint Venture Project from Deep Yellow (ASX:DYL) and Toro Energy.
Core Energy Minerals stated that the initial drilling phase will test its revised interpretation of historic high-grade mineralisation before using step-out drill fences to grow the footprint.
The company noted that contractor Torque is using both diamond and reverse circulation rigs on exploration licence EPL3669, with downhole gamma and assay results to follow.
Following the announcement, the Core Energy Minerals share price was up at $0.005.
Core Energy Minerals explores for uranium and critical minerals across 826.9km2 in Namibia's Erongo Region, alongside projects in Brazil and South Australia.
The company previously raised $3 million via a share placement in September 2026 to fund the Nova Joint Venture after acquiring its nearby Gemsbok and Oryx tenements in 2025.
