Rns out29 Apr 2026 07:02
RNS Number : 2946C
Neo Energy Metals PLC
29 April 2026
NEO ENERGY METALS PLC
("Neo Energy" or the "Company")
(LSE: NEO | A2X: NEO)
MINING RIGHT APPLICATION ACCEPTED FOR HENKRIES NODE, NORTHERN CAPE, SOUTH AFRICA
Neo Energy Metals plc (LSE/A2X: NEO) (the "Company"), the uranium and gold development company, is pleased to announce that its South African subsidiary, Desert Star Uranium (Pty) Ltd (previously known as Desert Star Trading 130 (Pty) Ltd) ("Desert Star"), has received formal notification from the Department of Mineral and Petroleum Resources ("DMPR"), Northern Cape Region, that its application for a mining right in respect of the Henkries Node ("Henkries") has been accepted for processing and evaluation.
The Application
The application was made in terms of Section 22 of the Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002), as amended, and the associated Environmental Authorisation in terms of the National Environmental Management Act, 1998 (Act 107 of 1998). The application covers the following farms in the Administrative District of Namaqualand, Northern Cape Province:
Portion of the Remainder of Steinkopf No.22; Portion of the Remainder of Goodhouse No.23; Wolftoen No.48; Remainder and Portion 1 of Heiorigas No.49; Remainder, Portions 1 and 2 of Koisabes No.47; and Remainder and Portion 1 of Kabib No.50.
The application is in respect of the following minerals: antimony, cobalt, copper, kieselguhr, lead, molybdenum, nickel, tin, uranium and zinc, consistent with the known polymetallic character of Henkries. Uranium is the primary target mineral.
Status and Next Steps
The DMPR notification, dated 17 April 2026, confirms that the application has been accepted and will be processed and evaluated. In terms of the Act, the Minister or his delegate is required to make a decision within 300 days from the date of acceptance.
Acceptance of the application does not of itself confer the right to commence mining activities. The Company will provide a further update upon grant of the mining right.
As a condition of the acceptance, Desert Star is required, within 60 days, to submit documentation confirming its Black Economic Empowerment (BEE) shareholding structure, in compliance with the minimum 30% BEE shareholding requirement applicable to new mining rights under the Act. Desert Star is also required to lodge a notice of intent to apply for a Water Use Licence with the Department of Water and Sanitation. The Company confirms that both requirements are in hand.
About the Henkries Node
More information about the Henkries Node is contained in the About Neo Energy Metals section below.
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