Marenica Energy

Published : November 25th, 2009

Testwork Confirms Ore Upgrade at Marenica

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Keywords :   London | Namibia | South Africa | Uranium |
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November 2009+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-span class+AD0-SpellE+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-mso-ansi-language:EN-GB'+AD4-Testwork+ADw-/span+AD4APA-/b+AD4APA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-mso-ansi-language:EN-GB'+AD4- Confirms Ore Upgrade at +ADw-span class+AD0-SpellE+AD4-Marenica+ADw-/span+AD4APA-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-color:black+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p 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style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/li+AD4- +ADw-/ul+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:36.0pt+ADs-text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-ul type+AD0-disc+AD4- +ADw-li class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-list:l3 level1 lfo4+ADs-tab-stops:list 36.0pt'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-96+ACU- extraction of uranium achieved from both +ADw-span class+AD0-SpellE+AD4-calcrete+ADw-/span+AD4- and oxidised bedrock though initial leach test work+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/li+AD4- +ADw-/ul+AD4- +ADw-div style+AD0-'margin-top:5.0pt+ADs-margin-bottom:5.0pt'+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4- +ADw-hr size+AD0-2 width+AD0AIg-100+ACUAIg- align+AD0-center+AD4- +ADw-/span+AD4APA-/div+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-International uranium company West Australian Metals Limited (ASX: +ADw-b+AD4-WME+ADw-/b+AD4-) is pleased to announce very encouraging preliminary results from a key program of metallurgical test work on ore from its 80+ACU--owned +ADw-span class+AD0-SpellE+AD4APA-b+AD4-Marenica+ADw-/b+AD4APA-/span+AD4APA-b+AD4- Uranium Project+ADw-/b+AD4- in Namibia, confirming the potential to substantially upgrade and leach the ore. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-Through its consultants, SRK Consulting, WME commissioned a program of scoping metallurgical assessment at the Australian Nuclear Science and Technology Organisation (ANSTO). +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-Approximately 1.2 tonnes of ore representing the +ADw-span class+AD0-SpellE+AD4-calcrete+ADw-/span+AD4- and weathered bedrock ores were shipped to ANSTO in September. The ore mineral in both is predominantly +ADw-span class+AD0-SpellE+AD4-carnotite+ADw-/span+AD4-, although other uranium phases are also present in the weathered bedrock.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-Screening, scrubbing and ore sorting tests carried out on two 500kg samples have confirmed that the ore is amenable to upgrading.+ACY-nbsp+ADsAJg-nbsp+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-In +ADw-span class+AD0-SpellE+AD4-calcrete+ADw-/span+AD4- dominated ore, +ADw-span class+AD0-SpellE+AD4-testwork+ADw-/span+AD4- has shown +ADw-b+AD4-that approximately 90+ACU- of the uranium can be retained in 37+ACU- of the ore, with an increase in grade of 242+ACUAPA-/b+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-The results from the weathered bedrock indicated that +ADw-b+AD4-90+ACU- of the uranium could be retained in 30+ACU- of the ore+ADw-/b+AD4-. The head grade prior to test work assayed 232ppm U+ADw-sub+AD4-3+ADw-/sub+AD4-O+ADw-sub+AD4-8+ADw-/sub+AD4- with a +ADw-b+AD4-final product grade in 30+ACU- of the ore of 871ppm U+ADw-sub+AD4-3+ADw-/sub+AD4-O+ADw-sub+AD4-8+ADw-/sub+AD4APA-/b+AD4-, representing +ADw-b+AD4-an increase of 375+ACUAPA-/b+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-Initial diagnostic leach tests using 0.4M Na+ADw-sub+AD4-2+ADw-/sub+AD4-CO+ADw-sub+AD4-3+ADw-/sub+AD4- with 0.1 M NaHCO+ADw-sub+AD4-3+ADw-/sub+AD4- at 90+ADw-sup+AD4-o+ADw-/sup+AD4-C for 24 hours achieved a uranium extraction of 96+ACU- from both the weathered bedrock and +ADw-span class+AD0-SpellE+AD4-calcrete+ADw-/span+AD4-. Bottle roll tests are currently in progress.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4-+ADw-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4-WME+ADw-span class+AD0-GramE+AD4-?s+ADw-/span+AD4APA-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- CEO, Mr John Young, said: ?These are very encouraging results which will form part of the current SRK Scoping Study due for completion by second quarter of next year.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-GramE+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-?The+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4- results confirm the upgradeability of +ADw-span class+AD0-SpellE+AD4-Marenica+ADw-/span+AD4- ore and have exceeded our expectations in terms of the grade uplift and extractions achieved from preliminary diagnostic leach tests,? +ADw-span class+AD0-GramE+AD4-he+ADw-/span+AD4- said.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-?While the results are preliminary and more work is required, we are very encouraged by what we have seen to date and this gives us confidence to press ahead with our Scoping and Feasibility Studies,? Mr Young added.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-The encouraging +ADw-span class+AD0-SpellE+AD4-testwork+ADw-/span+AD4- results follow a positive interim resource upgrade announced for the +ADw-span class+AD0-SpellE+AD4-Marenica+ADw-/span+AD4- Project last week. A full resource upgrade is scheduled for the early part of 2010 as the foundation to advance the Project towards production.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-b+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Notes+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText style+AD0-'text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4AJg-quot+ADs-The information in this announcement that relates to Exploration Results and Mineral Resources is based on information compiled by a team of full time employees of SRK Consulting (UK) Ltd which was directed by Dr Mike +ADw-span class+AD0-SpellE+AD4-Armitage+ADw-/span+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText style+AD0-'text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText style+AD0-'text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4-Dr +ADw-span class+AD0-SpellE+AD4-Armitage+ADw-/span+AD4- who is a Member of the Institute of Materials, Minerals and Mining and a Fellow of the Geological Society of London, both of which are 'Recognised Overseas Professional Organisations' ('+ADw-span class+AD0-SpellE+AD4-ROPOs+ADw-/span+AD4-'), is the Chairman of SRK Consulting (UK) Ltd and has taken responsibility for the mineral resource aspects of +ADw-span class+AD0-SpellE+AD4-SRK's+ADw-/span+AD4- work. Dr Rob Bowell, a Principal Geochemist with SRK and who is also a Fellow of the Geological Society of London takes responsibility for any comments related to exploration results and metallurgical +ADw-span class+AD0-SpellE+AD4-testwork+ADw-/span+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText style+AD0-'text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText style+AD0-'text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4-Other team members, Dr John Arthur and Ms Tracey +ADw-span class+AD0-SpellE+AD4-Laight+ADw-/span+AD4- are both Fellows of the Geological Society of London, Dr Arthur is also a Member of the Institute of Materials, Minerals and Mining.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText style+AD0-'text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText style+AD0-'text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4-Both Dr +ADw-span class+AD0-SpellE+AD4-Armitage+ADw-/span+AD4- and Dr Bowell have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaken to qualify as a Competent Persons as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore +ADw-span class+AD0-SpellE+AD4-Reserves'.Both+ADw-/span+AD4- Dr +ADw-span class+AD0-SpellE+AD4-Armitage+ADw-/span+AD4- and Dr Bowell consent to the inclusion in this announcement of the matters based on their information in the form and context in which these appear.+ACY-quot+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Where eU+ADw-sub+AD4-3+ADw-/sub+AD4-O+ADw-sub+AD4-8+ADw-/sub+AD4- is reported it relates to values attained from +ADw-span class+AD0-SpellE+AD4-radiometrically+ADw-/span+AD4- logged boreholes. The probe has been calibrated at the +ADw-span class+AD0-SpellE+AD4-Pelindaba+ADw-/span+AD4- Calibration facility in South Africa. Down +ADw-span class+AD0-GramE+AD4-hole+ADw-/span+AD4- spectral gamma logging/probing of drill holes provides a powerful tool for uranium companies to explore for, and evaluate, uranium deposits. Such a method measures the natural gamma rays emitted from material surrounding a drill hole out to around 0.5 metre from its centre - the gamma probe is therefore capable of sampling a much larger volume than that which would normally be recovered from a core or RC hole. These measurements are used to estimate uranium concentrations with the commonly and accepted initial assumption being that the uranium is in (secular) equilibrium with+ADw-span style+AD0-'color:red'+AD4- +ADw-/span+AD4-its daughter products (or radio-nuclides) which are the principal gamma emitters. If uranium is not in equilibrium (viz. in disequilibrium+ADw-span class+AD0-GramE+AD4-) ?+ADw-/span+AD4- +ADw-span class+AD0-GramE+AD4-as+ADw-/span+AD4- a result of the redistribution (depletion or enhancement) of uranium and/or its daughter products - then the true uranium concentration in the holes logged using the gamma probe will be higher or lower than those+ADw-/span+AD4APA-/i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4- +ADw-i+AD4-reported in the announcement. +ADw-o:p+AD4APA-/o:p+AD4APA-/i+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span class+AD0-GramE+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Information in this report that relates to exploration results is based on information compiled by Dr Erik van +ADw-span class+AD0-SpellE+AD4-Noort+ADw-/span+AD4-, who is a Member of the Australian Institute of Geoscientists.+ADw-/span+AD4APA-/i+AD4APA-/span+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADs- Dr van +ADw-span class+AD0-SpellE+AD4-Noort+ADw-/span+AD4- is a full-time employee of West Australian Metals Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of +ADw-span class+AD0-GramE+AD4-the ?+ADw-/span+AD4-Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves?. Dr van +ADw-span class+AD0-SpellE+AD4-Noort+ADw-/span+AD4- consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.+ADw-/span+AD4APA-/i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-bottom:12.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language: EN-AU'+AD4-READ CORPORATE+ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.5pt+ADs- font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language:EN-AU'+AD4APA-br+AD4- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs- color:+ACM-CC0000+ADs-mso-ansi-language:EN-AU'+AD4-Public Relations Corporate Communications+ADw-br+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs- mso-ansi-language:EN-AU'+AD4-T: (8) 9388-1474+ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:+ACM-CC0000+ADs-mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- color:+ACM-CC0000+ADs-mso-ansi-language:EN-AU'+AD4AfAA8-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:navy+ADs-mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language: EN-AU'+AD4-F: (8) 9388-1472+ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs- font-family:Georgia+ADs-color:navy+ADs-mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:+ACM-CC0000+ADs-mso-ansi-language: EN-AU'+AD4AfAA8-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- color:navy+ADs-mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size: 10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language:EN-AU'+AD4-E: +ADw-a href+AD0AIg-mailto:info+AEA-readcorporate.com.au+ACI- title+AD0AIg-mailto:mel+AEA-readcorporate.com.au+ACIAPg-info+AEA-readcorporate.com.au+ADw-/a+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:+ACM-CC0000+ADs-mso-ansi-language: EN-AU'+AD4AfAA8-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- color:navy+ADs-mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size: 10.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language:EN-AU'+AD4-Web: +ADw-a href+AD0AIg-http://www.readcorporate.com.au+ACI- title+AD0AIg-http://www.readcorporate.com.au/+ACIAPg-www.readcorporate.com.au+ADw-/a+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-color:gray+ADs-mso-ansi-language: EN-AU'+AD4-PLEASE NOTE:+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family: Georgia+ADs-color:gray+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:8.0pt+ADs-font-family:Georgia+ADs- color:gray+ADs-mso-ansi-language:EN-AU'+AD4-This e-mail and any attachments may contain confidential and/or privileged material and is for the intended addressee(s) only. 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Data and Statistics for these countries : Namibia | South Africa | All
Gold and Silver Prices for these countries : Namibia | South Africa | All

Marenica Energy

EXPLORATION STAGE
CODE : MEY.AX
ISIN : AU000000WME4
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Marenica Energy is based in Australia.

Its main exploration properties are SCADDAN, NORTHAMPTON and BADGEBUP in Australia and MARENICA in Namibia.

Marenica Energy is listed in Australia. Its market capitalisation is AU$ 8.3 millions as of today (US$ 6.1 millions, € 5.2 millions).

Its stock quote reached its highest recent level on October 22, 2010 at AU$ 10.00, and its lowest recent point on March 13, 2020 at AU$ 0.03.

Marenica Energy has 31 480 000 shares outstanding.

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In the News and Medias of Marenica Energy
10/6/2009West Australian Metals - Encouraging Results from Key Region...
Project news of Marenica Energy
3/16/2011(Marenica)Positive metallurgical results for Marenica Uranium Project,...
12/2/2009(Marenica)West Australian Metals - Excellent Final Results from Probe ...
11/25/2009(Marenica)Testwork Confirms Ore Upgrade at Marenica
8/27/2009(Scaddan)Drilling Commences at Scaddan Lignite Project
8/25/2009(Marenica)West Australian Metals - Uranium Resource Drilling Program E...
8/12/2009(Marenica)Encouraging Uranium Rock Chip Results From Marenica Uranium ...
7/28/2009(Marenica)Encouraging Uranium Probe Results From Resource Work at Mare...
7/10/2009(Marenica)Aggressive Drilling Program to Start at Namibian Uranium Pro...
6/29/2009(Marenica)Uranium Probe Results Confirm Prospectivity of the Marenica ...
6/17/2009(Marenica)Mineralogy Confirmed at Marenica Uranium Project
5/27/2009(Marenica)Primary Uranium Mineralisation Intersected at Marenica
7/8/2008(Marenica)to update uranium resource
4/21/2008(Marenica)Big uranium resource boost for WA Metals in Namibia
3/5/2008(Marenica)EXTENSIONS TO MINERALISATION AT MARENICA
Corporate news of Marenica Energy
8/1/2016Quarterly Activities & Cashflow Report Ending 30 June 2016
6/1/2016The Australian - Business Review
5/31/2016U-pgrade Metallurgical Testwork update
5/20/2016Tumas Testwork Results
5/2/2016Marenica Strengthens Management Team
4/29/2016March 2016 Quarterly Report
4/28/2016Cleansing Notice
4/27/2016Completion of Successful Capital Raising
4/22/2016Marenica Exceeds Capital Raising Target
4/15/2016Share Placement
4/5/2016Results of General Meeting
4/5/2016Director Resignation
3/29/2016Share Purchase Plan Offer Document
3/29/2016SPP Cleansing Notice
12/3/20152015 CEO Presentation to AGM
12/1/20152015 AGM Chairmans Address
12/1/2015Results of 2015 AGM
11/2/2015Quarterly Activities & Cashflow Report Ending 30 September 2...
9/22/201530 June 2015 Annual Financial Report
9/22/2015Appendix 4G and 30 June 2015 Corporate Governance Statement
9/14/2015Results of Meeting
9/8/2015Withdrawal of Resolutions 4 to 8 from General Meeting
8/17/2015Notice of General Meeting
8/5/2015Quarterly Activities & Cashflow Report ending 30 June 2015
3/17/2015Half Year Financial Report - 31 December 2014
7/16/2010Corporate Update
4/27/2010Drilling Firms Up Western Extension to Marenica Uranium Reso...
3/23/2010Drilling Identifies Western Extension to Marenica Uranium Re...
1/14/2010Corporate and Exploration Update
6/6/2009Secures Polo Resources as Cornerstone Investor in $9.9M Rais...
2/26/2009Signing of Shareholders Agreement
2/9/2009 Secures Cash Injection, Repositions to Progress Namibian Ur...
7/29/2008attacks Nikolaenko letter
10/25/2007Further Significant Results
9/26/2007latest uranium results from Marenica project - Namibia
8/30/2007Marenica uranium announcement
8/21/2007New uranium sucess in Namibia - WA Metals
7/25/2007More uranium for WA Metals
6/28/2007More uranium in Namibia for WA Metals
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AUSTRALIA (MEY.AX)
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AUSTRALIA
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24hGold TrendPower© : 44
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