Connected Minerals is reviewing surface and drilling results from its maiden reverse circulation drilling programmes at both its Swakopmund Project and Etango North-East Project as it plans future exploration.
The company says the timing of further work at both licences remains under review and that it will update the market once planning is finalised.
Connected Minerals holds two granted exclusive prospecting licences in Namibia covering Etango North-East and Swakopmund, placing the company within the country’s most prolific uranium-producing province and close to established mines and deposits.
At Etango North-East, exploration to date has progressed rapidly from early targeting into substantive drilling.
The company completed two reverse circulation drilling programmes at the Ondapanda Prospect during 2025, comprising 38 holes in total.
Phase 1 drilling consisted of 15 holes for approximately 2,680 metres and delivered a strong early validation of the geological model, with 14 of the 15 holes intersecting economic uranium grades.
Follow-up Phase 2 drilling was carried out between August and late September 2025 and comprised a further 23 holes for a total of 3,134 metres. Results again confirmed widespread mineralisation, with 17 of the 23 holes intersecting economic grades.
Combined, the two programmes have delivered a drilling success rate of more than 80% at Etango North-East.
Drilling intersected multiple stacked and mineralised alaskites, or leucogranites, reinforcing the company’s view that mineralisation at Etango North-East follows the same geological model as the nearby Etango uranium deposit developed by Bannerman Energy.
Several intercepts from the central zone of the Ondapanda Prospect have continued to stand out. Hole OPRC0038 returned the widest intersection recorded by the company to date, with 18 metres grading 209 ppm eU₃O₈ from one metre.
Hole OPRC0024 intersected 2 metres at 467 ppm eU₃O₈ from 14 metres, including 1 metre at 635 ppm eU₃O₈.
These results occur within the same zone as earlier drilling, including hole OPRC0082, which returned 5 metres at 358 ppm eU₃O₈ from 88 metres, including 1 metre at 814 ppm eU₃O₈, pointing to potential enrichment of alaskite bodies within this central area.
Phase 2 drilling also expanded mineralisation into the western portion of Ondapanda.
Hole OPRC0020 returned 6 metres at 295 ppm eU₃O₈ from 42 metres, including 2 metres at 485 ppm eU₃O₈ from 45 metres, highlighting additional zones that the company says warrant follow-up in future drilling programmes.
At the Swakopmund Project, Connected completed a maiden reconnaissance reverse circulation drilling programme targeting palaeochannel and calcrete-hosted uranium styles identified from earlier surface and geophysical work.
Assay and surface results from this programme are now under review, with the company assessing how they may guide further exploration planning.
Connected says mineralisation at Etango North-East remains open at depth and along strike following the two successful drilling campaigns.
At the same time, results from both projects are now being assessed together to refine targets and shape the next phase of exploration across its Namibian uranium portfolio.
