Additional Information
Market: ASX
Sector: General Mining - Uranium & Lithium
EPIC: MEY
Latest Price: A$0.01  (8.33% Ascending)
52-week High: A$0.05
52-week Low: A$0.01
Market Cap: A$7.06M
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Marenica Energy
www.marenicaenergy.com.au

Marenica Energy's  (ASX: MEY) strategy is to focus on the evaluation of the Marenica Project as well as to identify and acquire other uranium opportunities globally.

The Company's principal asset is the Marenica Uranium Project located in the uranium rich Damara Province in Namibia. The project covers 527sq km, with high prospectivity for both secondary and primary uranium deposits.

Pdf

West Australian Metals receives encouraging results at Marenica

9th Sep 2009, 10:46 am

International uranium company West Australian Metals Limited (ASX: WME) has progressed the resource in-fill and extension drilling campaign at its 80%-owned Marenica Uranium Project in Namibia, Southern Africa.

Encouraging results have been achieved with the RC resource drilling program, with a total of 279 holes for 4,104 metres completed during August. This brings total drilling since the commencement of the program in July to 5,289 metres.

Drilling during August included 20 holes for 300 metres of resource extension drilling and 259 holes for 3,804 metres of in-fill resource drilling.
 
Further excellent probe results have also been received from both historical and new drill holes not included in current Inferred Resource (111Mt @ 140ppm eU3O8).

The Marenica resource will then be re-calculated by SRK Consulting, with the aim of converting a large part of the existing resource to the Indicated category.

It is envisaged that the calculation will be completed in two stages, with a preliminary calculation to be completed during October due to the lag in receiving probe and assay results.

This preliminary calculation will enable the Company to monitor its progress and further refine ongoing drilling programs at Marenica. The final resource calculation will be completed in December 2009 once all results have been received.

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