Reptile Mineral Resources and Exploration (Pty) Ltd
Reptile Mineral Resources and Exploration (Pty) Ltd (RMR) is a wholly-owned subsidiary of Australian Deep Yellow Limited (DYL), an advanced stage uranium exploration company which is listed on both the ASX and NSX.
In Namibia, RMR manages and operates the group of Namibian subsidiary companies which hold the following interests:
- EPLs 3496, 3497 and 3498, strategically located amongst the major uranium mines in the Erongo region covering an area of more than 1,100 km2 in total.
- A 65% interest in the Nova Joint Venture (JV) Project (EPLs 3669 and 3670). The JV partner is JOGMEC, the minerals exploration arm of the Japanese government, funding N$45,000,000 over a 4-year period.
Over the past 11 years of operation, RMR has delineated mineral resources of more than 119Mlb U3O8. Uranium is hosted in both, palaeochannel related Langer Heinrich-style calcrete deposits and Rössing/Husab-style alaskite deposits.
DYL is well-funded, which provides the basis for RMR’s exploration growth plan going forward. Opportunities have already been identified to significantly increase resources aiming to achieve a mineral resource of 160 to 200Mlb U3O8 within the next two to three years.