Market Alert: US Sets Tariff Floor at 15% – Potentially Rising to 50% from 01 August 2025
Connected Minerals Limited (ASX: CML) has announced the commencement of its Phase 2 Reverse Circulation (RC) drilling program at the Etango North-East Uranium Project in Namibia. The campaign, scheduled for mid-late August 2025, includes around 18 holes covering 2,800 metres at the Ondapanda Prospect. Following strong Phase 1 results—where 14 of 15 holes intercepted economic uranium grades—Phase 2 aims to continue exploration through both extensional and infill drilling.
Hammerstein Drilling, which conducted Phase 1, has been re-engaged for this next phase. Key intercepts from Phase 1 included grades up to 814 ppm eU3O8 over 1 metre. The project continues to show multiple, stacked uranium-bearing alaskites, consistent with Bannerman Energy’s adjacent world-class Etango deposit. The mineralisation remains open along strike and at depth, supporting Connected Minerals’ strategic exploration focus in Namibia’s prolific uranium province.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.