Marenica is a uranium focused exploration company (ASX:MEY).

Marenica has a large land position in the globally-recognised Erongo uranium province of Namibia, a country with an established and long running uranium mining industry.  In Namibia, Marenica has three uranium exploration project areas, being the Namib Uranium Project, Marenica Uranium Project and Mile 72 Uranium Project.  The Marenica Uranium Project has a large inferred uranium resource of 61 million pounds on which U-pgradeTM was developed.  These three areas are located in the North West, North and South East of the Erongo province, which provides diversity and opportunity to explore in a large tenement position.

Marenica holds a suite of uranium projects in Australia, the 100% owned Angela, Thatcher Soak, Minerva and Oobagooma projects and joint venture holdings in the Bigrlyi, Malawiri, Walbiri and Areva joint ventures.  These projects contain 48 Mlbs of high-grade uranium Mineral Resources at an average grade of 859 ppm U3O8.  The Mineral Resources are significant in their own right, but could be dramatically enhanced when coupled with Marenica’s U-pgrade™ beneficiation process.

U-pgrade™ is Marenica’s patented beneficiation process.  Marenica believes U-pgrade™ can revolutionise surficial uranium processing by reducing processing capital and operating costs compared to conventional processing by approximately 50% and thereby, improve the economics of uranium projects which process surficial uranium.

 

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