The Ministry of Mines and Energy of Namibia has granted a licence for the base and rare metals, industrial minerals, and nuclear fuels for Exclusive Prospecting Licence 8905.
The EPL is within Madison West under mining licence 86A, which hosts the Khan Copper Mine.
The new licence expands Madison’s scope of exploration and development to include uranium, copper, gold, silver, and other precious metals.
This strategic move aligns with Madison’s commitment to advancing uranium production and exploring high-value base and rare metals opportunities.
The addition of copper exploration on the Namibian licence, alongside that of uranium, expands Madison’s potential to produce more critical metals in demand for the global energy transition.
Madison West project is covered by licences 121, 86A, EPL 8905, and 8115.
