Asarian Energy Limited has commenced a 4,500-metre drilling programme at its Namibplaas uranium deposit in Namibia’s Erongo Region, involving 17 reverse circulation drillholes aimed at improving the project’s mineral resource classification.
The Toronto Stock Exchange-listed company announced on 11 November 2026 that drilling had started within Exclusive Prospecting Licence (EPL) 3638, which forms part of the Norasa Uranium Project.
The programme is intended to generate additional geological and geochemical information to support an updated Mineral Resource Estimate (MRE) for Norasa and potentially upgrade portions of the Namibplaas resource from the Inferred to the Indicated category.
Namibplaas is located approximately three kilometres north-east of the Valencia uranium deposit, which falls under Mining Licence 149.
Asarian said the drilling campaign represents the first phase of a renewed exploration programme at Namibplaas, concentrating on improving confidence in the existing uranium resource rather than immediately expanding its boundaries.
The company plans to drill 17 holes broadly parallel to the existing drilling pattern, at an azimuth of approximately 305 degrees and an inclination of 60 degrees.
The holes will investigate uranium mineralisation at depths of up to approximately 250 metres below the surface.
Each completed hole will undergo down-hole gamma logging, geochemical sampling and borehole trajectory surveys to establish more reliable information about uranium grades, mineralisation characteristics and the geological structure of the deposit.
The latest drilling programme follows limitations identified in the May 2024 Mineral Resource Estimate, which resulted in reductions to the reported grade and tonnage at Namibplaas.
Asarian explained that the historical dataset contained relatively few laboratory-assayed samples compared with the amount of down-hole gamma logging information available.
This imbalance reduced confidence in the resource model and contributed to Namibplaas remaining in the Inferred category.
The new drilling campaign is intended to address that weakness by collecting additional samples for laboratory analysis and integrating the results with historical gamma logging data.
The company expects the additional information to improve the reliability of uranium grade estimates, resource tonnage calculations and geological interpretations.
An upgrade to the Indicated category would represent a higher level of geological confidence, although it remains dependent on the drilling results and the applicable resource classification requirements.
Asarian said the programme would also establish a stronger technical foundation for future exploration and possible expansion of the Norasa resource.
The company has not specified a completion date for the 4,500-metre drilling programme or indicated when the revised Mineral Resource Estimate will be published.
The latest announcement confirms that drilling has commenced, but no new uranium assay results or revised resource figures have yet been reported.
