Perth, Australia – 16 October 2024 | C29 Metals Limited (ASX: C29) ("C29" or "the Company") is pleased to announce that it has received notification from the Natural Resources and Environmental Management Department in Kazakhstan that all regulatory requirements for a drill permit at the Ulytau Uranium Project have been met.
Highlights:
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Regulatory Approval: C29 has received official approval, clearing the way for the Company to mobilise its team and initiate exploration at the Ulytau Uranium Project.
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Drilling Program: The initial drill program will focus on several strategic holes, targeting shallow mineralisation, with planned depths of ~200m.
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Local Community Support: C29 enjoys strong support from the local community of the village of Aksuyek, with a Social Support Agreement signed.
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Mobilisation: The Company’s geology team will mobilise to the site to commence pre-works ahead of the arrival of the diamond drill rig.
Shannon Green, Managing Director of C29 Metals, commented: “It is very exciting to have the official notification enabling our team to commence the initial diamond drilling program this season. Obtaining this notification once again demonstrates the positive operating environment in Kazakhstan and the support the company is enjoying.”
Diamond Drill Program:
The diamond drill program will focus on verifying historical drill intercepts, targeting key mineralised areas identified through geological modelling. A handheld XRF unit will be able to provide real-time geological information, allowing the team to prioritise samples for laboratory assay. The initial focus will be on mineralisation close to the surface, with planned drill depths of up to 200m.
Project Overview:
The Ulytau Uranium Project is located in the Almaty Region of Southern Kazakhstan, approximately 15km southwest of the historic Bota-Burum uranium mine. Exploration in the region dates back to 1953, with uranium production at Bota-Burum commencing in 1956 and continuing until 1991. The Bota-Burum mine produced an estimated 20,000 tonnes (44 million pounds) of uranium over its operational life.
Shannon Green
Managing Director
sgreen@c29metals.com.au
Dayna Louca
Investor & Media Relations
dayna@janemorganmanagement.com.au
About us:
About C29 Metals Limited:
C29 Metals Limited is an Australia-based company focused on the clean energy transition through the exploration and development of its portfolio of uranium and copper assets. The Company’s projects include Ulytau Uranium Project, Sampson’s Tank, Reedy Creek, Torrens Projects, Stadlers, Mayfield and Pocitos Lithium Argentina. Its Ulytau Uranium Project is located near Lake Balkhash in South Kazakhstan and situated over 15 kilometers (km) south of Bota-Burum mine.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au
