Pioneer Lithium Limited is strengthening its position in Namibia’s uranium sector with the acquisition of the Gaobis Uranium Project, expanding on its recent purchase of the nearby Warmbad Uranium Project.
The company completed the Warmbad acquisition in March 2025 for A$3 million (approximately N$37.5 million) in a mix of cash and shares, securing a large landholding in southern Namibia with historic drilling data.
Building on this, Pioneer Lithium has now signed a binding agreement to acquire 100% of Tamarillo Investment Pty Ltd, owner of the Gaobis Uranium Project (EPL 8239).
The Gaobis deal is valued at US$50,000 (around N$950,000), payable in two instalments. Completion is expected in the second quarter of 2025, pending regulatory approvals.
Located approximately 35 km from Warmbad near Namibia’s southern border, Gaobis spans about 350 km² in an area renowned for uranium potential.
Gaobis is seen as a natural extension of Warmbad, with historic work by Xemplar Energy Corp in the late 2000s confirming uranium mineralisation.
In 2007, Xemplar drilled four holes targeting a strong radiometric anomaly along a fold hinge, intercepting alaskite-hosted uranium in continuous zones exceeding 20 metres. The fold hinge itself remains largely untested, offering clear targets for future drilling.
The project’s primary uranium mineralisation is hosted in leucocratic alaskite intrusions, similar to Namibia’s Rossing mine, with structurally controlled zones along shear zones and fold hinges.
Gaobis also has potential for calcrete-hosted uranium, typical of palaeochannel systems, with shallow horizons often less than 10 metres deep—similar to the Langer Heinrich model.
Additional drilling in 2008–2009 targeted palaeochannel anomalies but returned no significant mineralisation, refining the geological model for future work.
Pioneer Lithium plans to advance Gaobis with a systematic exploration program, including permit approvals, reinterpretation of existing geophysical data, and targeted drilling.
With Gaobis and Warmbad combined, Pioneer Lithium now controls over 620 km² of uranium-prospective ground in Namibia. This strategic expansion supports the company’s goal of building a significant uranium inventory in a proven jurisdiction, aligning with rising global demand for nuclear fuel as the world shifts to low-carbon energy.
