Snow Lake Resources, a uranium exploration company, will start the second phase of drilling at its Engo Valley Uranium Project in Namibia by mid-March 2025. The company plans to drill 7,500 meters using reverse circulation and diamond drilling. The focus will be on the Main Uranium Occurrence and D1 prospects.
The project builds on the success of the 2024 exploration campaign, which confirmed uranium mineralization at both sites. The results from this phase will support the company’s first mineral resource estimate, expected in the second half of 2025.
Frank Wheatley, CEO of Snow Lake Resources, highlighted the project’s role in meeting the rising global demand for uranium. He pointed to the growing energy needs of data centers and artificial intelligence as key drivers. “The Engo Valley project has the potential to support the shift to cleaner energy,” he said.
The expansion of uranium exploration in Namibia is significant for Africa’s mining and energy sectors. As one of the continent’s top uranium producers, Namibia continues to attract foreign investment, creating jobs and boosting economic growth. With global energy demands rising, the project also strengthens Africa’s role in the nuclear energy supply chain, positioning it as a key player in the transition to cleaner energy sources.