AuKing Mining will next month begin work to boost historic uranium estimates with clear sight to near-term production at its recently acquired Manyoni Uranium Project in central Tanzania.
Exploration will cover 2000 metres of drilling over five prospective areas estimated to contain 92 million tonnes of uranium ore, or 29 million pounds of Triuranium octoxide (U3O8).
Shallow high-grade uranium mineralisation is known to occur near the surface of target areas and is widespread through precipitation within Mbuga traps and in reduced carbonate-rich fluvial channels.
AuKing CEO Paul Williams said the central focus will be an upgrade of the historical resource estimate and establishing Manyoni on a near-term production pathway.
We can take advantage of the substantial amount of previous exploration and drilling at Manyoni in order to increase overall resources and place the project in a position to commence development studies later in 2023,” Mr Williams said.
“Manyoni is already a significant near-surface uranium resource situated only 100kms west of the major central-Tanzanian city of Dodoma. Our first program is due to commence in March and we cannot wait to get started,” he added.
About AuKing Mining
AuKing Mining Limited, an early-stage exploration company, acquires, explores, and develops mineral projects in Australia. The company primarily explores copper, gold, and other base metals. It has an agreement to earn up to 75% interest in the Koongie Park copper/zinc project situated in the eastern Kimberley Region of northern Western Australia. The company was formerly known as Chinalco Yunnan Copper Resources Limited and changed its name to AuKing Mining Limited in May 2017. AuKing Mining Limited was incorporated in 1995 and is headquartered in Brisbane, Australia.