Madison Metals Inc.
Khan (West) Project
Nestled alongside the esteemed Rössing Mine.
The Madison West Project represents a strategic effort to consolidate significant uranium resources, while leveraging existing infrastructure.
About
Madison West, now bolstered by the groundbreaking discovery of high-grade uranium at ML86A's Anomaly 5, combines geological prowess with strategic positioning. This advancement in the highly prospective Erongo uranium province marks a notable expansion in our project pipeline.
Each site within the Madison West project - ML121, ML86A, EPL-8905, and EPL-8115 - has been chosen for its unique geological characteristics and proximity to established mining operations, such as the Rössing Uranium Mine.
The project's focus on cost-effective methods and environmental responsibility aligns with the global shift towards sustainable energy sources.
Location
22°35'32.21"S, 14°55'26.30"E
Statistical Insights
.webp)
Exploration Prospects
.webp)
Location of ML121, EPL-7011 owned by Madison, and uranium producing mines in Namibia’s Erongo Uranium Province
Geological and structural setting of ML121
Airborne radiometric signature and targets (blue outline) over ML121. The black dots represent drillholes over the northwestern anomaly.
Location of ML86A, EPL-8905, other Madison properties and producing mines in the Erongo Uranium Province.
ML121
- Geographical Advantage: Situated near Rössing, in a renowned uranium-producing region.
- Size: Part of the 35 km² land package
- Mining License Scope: Covers base and rare metals, including nuclear fuel minerals, and precious metals.
- Geological Potential: Similarities with the Rössing deposit indicate a high potential for uranium mineralization.
- Exploration Progress: Historical surveys have identified notable radiometric anomalies, with exploration focused on the northwest sections.
- Drilling Initiatives: Previous exploration includes six diamond drill holes and 59 reverse circulation drill holes.
- Future Plans: Independent review and verification of data to define an NI 43-101 compliant resource.
ML86A & EPL-8505
- Groundbreaking Discovery: High-grade uranium mineralization identified at Anomaly 5 in ML86A, part of the Khan Project.
- Exceptional Grades: Surface sample revealed 8.47% U3O8, showcasing significant potential.
- Extended Anomaly: Over 600m stretch at Anomaly 5 shows continuous mineralization with average grades of 0.47% U3O8.
- Promising Results: The latest assays confirm uranium-rich alaskites across multiple trenches, indicating a substantial mineralized zone.
- Strategic Location: Positioned at the Khan-Rössing and Khan-Arandis boundaries, lies within a vital deformation corridor, enhancing its prospects for mineralization.
- Investment Appeal: Backed by potential tolling agreements and a focus on contract mining, the exploration of these sites minimizes capital expenditure while maximizing resource development potential.
- Comprehensive Exploration: The combined exploration of ML86A and EPL-8905 is designed to expand known uranium zones and uncover new uranium anomalies.
Geological and structural setting of ML86A and EPL-8905
Airborne radiometric signature and targets (blue outline) over ML86A and EPL-8905.
Location of ML86A, EPL-8905, other Madison properties and producing mines in the Erongo Uranium Province.
Location of ML121, EPL-7011 owned by Madison, and uranium producing mines in Namibia’s Erongo Uranium Province
Geological and structural setting of ML121
Airborne radiometric signature and targets (blue outline) over ML121. The black dots represent drillholes over the northwestern anomaly.
Location of ML86A, EPL-8905, other Madison properties and producing mines in the Erongo Uranium Province.
EPL-8115
- Proximity to Established Mines: EPL-115 is located just 18 km southwest of the renowned Rössing Uranium Mine, placing it in a prime position within Namibia's uranium-rich landscape.
- Untapped Potential: This area remains relatively under-explored, offering a unique opportunity for new discoveries in a region known for its significant uranium deposits.
- Geological Prospects: The site features favourable geology, characterized by basement rocks intruded by leucogranites.
- Radiometric Anomalies: Airborne surveys have revealed promising radiometric signatures, indicating potential for high-grade uranium mineralization.
- Strategic Exploration Focus: Madison Metals aims to conduct targeted exploration activities in EPL-115, leveraging the area's geological traits to uncover potential new uranium zones.
Strategic Expansion and Ownership in Namibia
Madison Metals boasts an 85% undivided interest in Exclusive Prospecting Licences (EPL) 8531 and 8115, strategically located in the Erongo Uranium Province of Namibia.
The company is on track to acquire a 90% interest in ML 86A and a 24% direct interest in Mining Licence 121, expanding its portfolio in this uranium-rich region.
Through these transactions, Madison aims to consolidate ownership of valuable land holdings, with the intention of building upon and expanding known uranium zones and exploring new ones.
Namibia, the world’s second-highest uranium-producing country with the fifth-largest total uranium resources, these assets significantly bolster Madison Metals' position in the global uranium market.
Key Milestones
Madison Metals Inc. announced the acquisition of a 24% interest in Mining Licence 121 (ML121) in Namibia, enhancing its position in the Erongo Uranium Province. This strategic acquisition, adjacent to Namibia's major uranium-producing mines, marks a significant step in Madison's uranium exploration and development efforts.
read moreMadison received the Environmental Clearance Certificate from the Namibian Ministry of Environment for EPL-8115. This milestone enables the company to commence exploration activities, including drilling, on these properties, which are favourably located in the uranium-rich Erongo Province.
read moreMadison Metals expanded its portfolio with a contract to acquire a 90% direct interest in Mining Licence 86A (ML86A) and Exclusive Prospecting Licence 8905 (EPL-8905). This acquisition connects the Madison North and Madison West projects, creating a significant contiguous land package in a prime uranium mining region.
read moreMadison Metals announced the discovery of high-grade uranium, with surface samples reaching 8.47% U3O8. This significant find, located within trucking distance of an existing processing facility, positions to initiate a maiden drilling program, aiming to identify similar high-grade mineralization at depth.
read more
