Star Minerals moves into uranium elephant country

Junior explorer inks earn-in at large Namibian project. Pic: Getty Images Don’t miss out on the headlines from Stockhead. Followed categories will be added to My News. Star Minerals has signed an earn-in agreement to acquire up to 51% of the Cobra uranium project in Namibia by spending US$3.95 million over three years.

Special Report : Star Minerals is firing up the drills to progress the Cobra uranium project in Namibia after sealing its earn-in agreement with Madison Metals. Cobra currently has a foreign equivalent resource estimate of 15.6Mt at 260ppm uranium oxide (U3O8) for 9 million pounds of U3O8, and is located within 25km of the two largest operating uranium mines in Namibia.

Star plans to grow the highly prospective project by first ensuring JORC compliance then upgrading the resource estimate.

Following the announcement of the farm-in and joint venture to acquire up to 51% […]

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