Risk and valuation analysis of the Marenica Project |
Status Risk : Advanced discovery |
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Title(s) of the Marenica Project |
| Marenica Energy Joint venture: 80% |
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Title | Company Profile | All Projects | Company website | Company project page |
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| Quest Minerals & Mining Ltd Option on interest: 20% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Quest Minerals announced that the Company entered into an agreement with Xanthos Mining (Pty) Ltd in respect of Xanthos’ 20% shareholding in Marenica Minerals (Pty) Ltd which owns the advanced Marenica uranium project in Namibia. |
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Location of the Marenica Project |
The project is immediately north of the large Trekkopje deposit.
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History of the Marenica Project |
In April of 2006, Marenica Energy entered into a Joint Venture agreement approved by the Ministry of Mines and Energy on 31 May 2006, whereby it could earn an 80% interest in the project.
Due to high uranium prices in the 1970's, Namibia underwent considerable exploration for uranium particularly along a 100km wide corridor extending east from the coast.
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Geology of the Marenica Project |
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The regional geology of this area consists of basin and dome tectonic features, where massive marbles of the Karibib Formation form three prominent domal structures, while steeply dipping biotite schists (Kuiseb Formation) form the basins similar to more...
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