London South East were delighted to welcome the GoviEx Uranium CEO Daniel Major to our latest Natural Resources online webinar last night (23.5.20230).
GoviEx Uranium Inc is focused on the exploration and development of uranium properties in Africa. It is listed on the TSXV: GXU and OTC exchanges and currently has a market cap of £53M pounds.
GoviEx has three major projects: it’s flagship mine-permitted Madaouela Uranium Project is in Niger, which, says Daniel, is a very friendly mining jurisdiction where it is easy to create yellowcake and then to ship it in drums. He hopes, funding permitting, for the mine to be in construction by 2024.
Secondly the mine-permitted Muntanga Uranium Project is in Zambia and work is currently underway for a Feasability Study there. Infill drilling is underway, and the width of the open pit mineralisation being proven.
A third multi-element project at Falea in Mali is currently being sold so GXU can focus on the two more advanced projects.
The company already has a sizeable resource inventory with 130M lbs U308 in the measured and indicated categories and it’s objective is to become a significant uranium producer.
Daniel gives a very good overview of the global demand for Uranium which is coming in the early part of his presentation, and that is well worth a watch in itself.
