Marenica Energy Limited (ASX: MEY) - Energy- Uranium - Central Namibia
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�� Highly prospective tenements: Applications and tenements are considered highly
prospective for calcrete-hosted uranium mineralisation in a globally significant uranium
province - this prospectivity is supported by historic work as well as the results of activities
on nearby tenements.
�� Disruptive technology: Should the U-pgradeTM process prove to be successful
commercially, it could, with the estimated savings in costs, prove to be a disruptive
treatment technology, and make otherwise uncommercial deposits commercial and lead
to a lower start-up incentive price.
�� Proven mining destination: Namibia has a well developed mining industry, which
provided 47% of the country’s total export income in 2017 and contributed 12% of GDP
- this is supported by a transparent and tested legal framework, with an update to the
Mining Act due in coming months.
�� Infrastructure rich: Namibia has well developed transport and utility infrastructure.
�� Strong management and committed personnel: Company personnel have extensive
relevant experience as well as shareholdings in the Company, thus aligning their interests
with other shareholders.
�� Geared to exploration success: With an EV of~A$7 million and a tight capital structure
the Company is well geared to any exploration success.
Marenica Energy is principally focused on the evaluation of the beneficiation potential of the Marenica Project ore and the application of Co.'s proprietary U-pgrade™ process to other surficial ore sources. Co. operates primarily in the mineral exploration and development industry in Namibia. Co. is organised into one main operating segment, which involves the exploration and evaluation of a uranium deposit in Namibia and beneficiation testwork in Australia.
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