Madison Metals Inc.

Namibia

Namibia is a mining friendly jurisdiction, and the uranium mining operators have built excellent infrastructure to support mining activities including a seaport, airport, well-established road network, water and power.

Namibia

Overview

Namibia hosts significant uranium mines and projects at various stages of development and accounts for approximately 8% of the world’s uranium production.

In 2021, Namibia produced approximately 9.6 million pounds of U3O8.
Location of ML86A, EPL-8905, other Madison properties and producing mines in the Erongo Uranium Province.

In addition, mining accounts for 25% of Namibia’s income.

Namibia hosts significant uranium mines and projects at various stages of development and accounts for approximately 8% of the world’s uranium production.

In 2021, Namibia produced approximately 9.6 million pounds of U3O8.

Madison North And Madison West Uranium Projects

Madison already holds significant land holding within trucking distance of the Rössing (ML28) and Husab (ML171) mines.

In 2023, Madison consolidated its various land holdings in the area under the property names Madison North and Madison West with the goal of building upon mineable uranium resources by expanding currently known uranium zones and making new discoveries.
Location

Project Map

Madison is committed to top-level mining practices that will surpass country guidelines to minimize environmental impact. Madison’s desert location means the company will not relocate communities, wildlife or destroy large amounts of vegetation.
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Namibia Highlights

Current Mining in Namibia

Rössing Uranium Mine

  • Started commercial production in 1976
  • 46 years operation form open pit mining and acid leach recovery process
  • World supply of a 140,026t U3O8
  • Capacity to produce 4,500t U3O8 per year
  • Pit currently measures 3 km by 1.5km and is 390m deep
  • Owned by China National Uranium Corporation Limited after sale of Rio Tinto 68.2% interest in 2019
  • Reserves reported 2018 at 23,810t U3O8 at 0.033% providing mine life to 2025

Husab Uranium Mine

  • Development started February 2013 and commenced brief commercial production 2016 with 192t U3O8
  • Estimated 15 year mine life from 2 pits producing 5500t U3O8 per year
  • Reserves/resource figures reported at 188,000t with average grade 0.035% U3O8
  • Contiguous to Rössing mine
  • Currently trucking ore to Rössing for processing and drilling for shallow mineable resources
Namibia

Statistical Insights

11%
Global Uranium Output
25%
Namibia's Income from Mining
9.6M
Pounds of U3O8 Produced in 2021
5%
CAGR between 2022 and 2026
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Madison Metals Inc.

Key Milestones in Namibia

Venturing into Namibia:
The Uranium Quest Begins

In January 2022, Madison Metals announced its ambitious foray into Namibia, signalling the start of a new chapter in uranium exploration with the intent to acquire valuable uranium licenses.

Strategic Leap:
Securing Namibia’s Uranium Riches

September 2022 marked a pivotal moment as Madison Metals inked an agreement to acquire a significant interest in a Namibia uranium mining license, deepening its involvement in the uranium-rich region.

Green Light for Growth:
Environmental Nod in Namibia

November 2022 was a game-changer as Madison Metals received the crucial Environmental Clearance Certificate from Namibian authorities, paving the way for drilling program preparations.

Regulatory Triumph:
License Transfer Approved

June 2023 saw a major regulatory victory for Madison Metals with the approval of the Namibia MME License transfer, cementing the company's operational presence in the region.

Sustaining Success:
Prospecting License Renewed

In November 2023, Madison Metals celebrated a key milestone with the renewal of the Exclusive Prospecting License 7011 for the Madison North Uranium Project, showcasing sustained progress and long-term commitment in Namibia.

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Press Releases

Namibia Project News

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Ministry of Mines and Energy Grants Licence to Expand Madison Metals’ Khan Mine Development in Namibia, Africa

July 12, 2024
2024
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Madison Metals Drilling Confirms High-Grade Uranium
at Khan Project in Namibia, Africa

June 24, 2024
2024
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Discovery Hole Drilled by Madison Metals at Khan Uranium Project in Namibia, Africa

May 27, 2024
2024
Read more
Madison Metals

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