TSX-V: REE
FSE: K2i
Eureka Overview
Rare Earth Elements Project in Namibia
The Eureka Project in Namibia demonstrates favourable time-to-market expectations by:
Investor Information:
Latest Webinar:
our 5 systematic stepped approach to unlocking value with innovative mining technologies
exploration
New targets identified which lead to acquiring 100% control of the Eureka Dome.
resource
Expanding the maiden resource by using the latest innovative mining technologies
Metallurgy
Advancing the processibility of the resource
development plan
Path to production with surgical mining technology
esg
Acting responsibly in our sustainability efforts for long-term success.
We’re exploring for Rare Earth Elements, particularly
Nd & Pr
Through our discoveries we’re helping to transition the world to a cleaner future.
Location and Accessibility
Located in the Erongo Mining Corridor of Namibia
Namibia is a top tier country for mining and is one of Africa’s most stable countries
Quick Project Statistics And data
topography
FLAT & SPARSELY POPULATED
2KM
TO B2 HIGHWAY
Tarmac roads are kept in good condition 10KM
TO RAILWAY
Railway to Walvis Bay runs
parallel to B2 Arterial Road
140KM
TO WALVIS BAY CONTAINER PORT
POwer
ACCESS TO ELECTRICITY
Water
ACCESS TO WATER
The Eureka Dome
EPL 6762 & EPL 8748
EPL 6762
- Total Area 3,474 ha (34,737,800 m2)
- Area of Zone 1-4 is ~1 km2
- Dome Area (~1/3) or ~20.7 km2
EPL 8748
- Total Area 16,520 ha (165,200,00 m2)
- Dome Area (~2/3) or ~35.3 km2
combined landholdings
- Total Area 19,994 ha (199,940,00 m2)
- Total Area of the “Eureka Dome” ~56 km2
A NdPr Project in Namibia
Mineralogy
- High grade TREO is predominantly contained in coarse grained monazite, hosted within numerous carbonatite dykes.
- In-situ average grade 4.8% TREO, as stated in maiden Inferred resource (NI43-101, Aug 2021).
- Additional exploration underway to assess overall footprint of the mineralization and increase tonnage.
Operation
- Initial mechanized mining of dykes from open pits.
- Monazite beneficiated by low-cost physical methods only.
- No hazardous chemicals or expensive reagents required.
- Monazite concentrate recovered using off-the-shelf beneficiation equipment.
Logistical Management
- Located in flat topography adjacent to the major highway.
- Direct road and rail connections to Namibia’s largest commercial port.
- Amenable shipping handling due to low radioactive content in the monazite.
- Access to power and water.
Project Timeline
Click on the image to enlarge
Latest Exploration update from Eureka
E-Tech Resources Inc. Announces New Discovery at Adder Target
Discovery confirms the presence of mineralization at the surface and depth; further targets to be determined in the newly acquired portion of the Eureka Dome.
- Preliminary pXRF drilling results1 confirm the discovery of a new mineralized zone at the Adder Target, expanding beyond the previously known zones.
- Mineralization remains open at depth and along strike, indicating the potential for further target delineation.
- Intersections include: 1 m @ 0.17% (1700 ppm) TREO2 (37-38 m), 1 m @ 0.71% (7100 ppm) TREO2 (40-41 m), 1 m @ 0.10% (1000 ppm) TREO2 (49-50 m), 3 m @ 0.07% (700 ppm) TREO2 (73-76 m) incl. 1 m @ 0.09% (900 ppm) TREO2 (73-74 m)
Overview of Exploration Activities at Eureka
High grade Rare Earth Results
- 6.84% TREO (P6860) and 5.22% TREO (P6859) in two samples located approx. 800 m from Zone 1, within drill target T09 (see News Release dated November 16, 2022).
- An additional four (4) samples returned assays grading between 0.48% and 3.05% TREO, validating new targets defined by the Company.
Purchase of EPL8748
Then we identified several new prospective areas that share similar characteristics to Zones 1-4 and identified 17 New Targets on EPL 6762
#1
Widespread
Th (Thorium)
Activity
#2
Field
Evidence
(Lithology types)
#3
Structural
AOI
Source/Pathway/Trap
#4
Magnetic
Signature
Large monazite crystals and simple minerology make the Eureka REE deposit unique. Early indications continue to show Eureka may be one of the simplest and cost-effective projects to advance.
Quick Summary
Define mineralization characteristics in
Zones 1-4 on EPL6762
#1
Widespread
Th (Thorium)
Activity
#2
Field
Evidence
(Lithology types)
#3
Structural
AOI
Source/Pathway/Trap
#4
Magnetic
Signature
Then we identified several new prospective areas that share similar characteristics to Zones 1-4
We are still conducting our widespread geological mapping
Conducting infill ground truthing of other potential AOI’s
With a view to identifying more drill targets with similar potential to Zones 1-4
We would like to begin drill testing these new targets in November 2023
What We're busy doing now
#1
Widespread
Th (Thorium)
Activity
#2
Field
Evidence
(Lithology types)
#3
Structural
AOI
Source/Pathway/Trap
#4
Magnetic
Signature
Click to view larger image
What We're busy doing now
#1
Widespread
Th (Thorium)
Activity
#2
Field
Evidence
(Lithology types)
#3
Structural
AOI
Source/Pathway/Trap
#4
Magnetic
Signature
Click to view larger image
What We're busy doing now
#1
Widespread
Th (Thorium)
Activity
#2
Field
Evidence
(Lithology types)
#3
Structural
AOI
Source/Pathway/Trap
#4
Magnetic
Signature
Highlight areas of specific interest associated with 1, 2, 3 and 4
What We're busy doing now
#1
Widespread
Th (Thorium)
Activity
#2
Field
Evidence
(Lithology types)
#3
Structural
AOI
Source/Pathway/Trap
#4
Magnetic
Signature
Highlight areas of specific interest associated with 1, 2, 3 and 4
EXPLORATION completed at end of June 2022
Only 2.2% Explored
Total Area
of EPL 6762
3,474 ha*
(34,737,800 m2)**
Area explored
to date (Zone 1-4)
76 ha*
(759,700 m2)**
Unexplored Area
to date
3,398 ha*
(33,978,100 m2)**
EXPLORATION completed now (oct 2022)
72.4% Explored
Total Area
of EPL 6762
3,474 ha*
(34,737,800 m2)**
Area explored
to date
2,515 ha*
(25,515,700 m2)**
Unexplored Area
to date
959 ha*
(959,100 m2)**
Completed a wide-spread ground radiometric survey totaling
1224 line-km’s
Conducted a widespread ground magnetic survey programme totaling
1060 line-km’s
Simultaneously conduced mapping program covering entire prospective area,
approx. 11,200 points.
The company will revisit all historical samples sampled to date (even ones not previously assayed)
XRF (X-ray fluorescence) is a non-destructive analytical technique used to determine the elemental composition of materials
Visible monazite discovered in newly defined AOI.
Use of XRF Sampling
Since COVID-19, assays can take up to 12-16 weeks turnaround and REE samples are some of the most expensive minerals to assay for;
- Acquired an pXRF (portable XRF)
- Currently the company does not assay every meter (due to time/cost). Sampling is led by RadEye measurements of CPS
The pXRF will allow the company to conduct “live” analysis of all its samples, allow us to build continues elemental composition data sets and it will ultimately lead to a massive cost reduction caused by lengthy sample result delays.
Qualified Person
The technical and scientific information has been reviewed and approved by Keith Webb. A Consulting Geologist who holds a BSc Honours in Applied Geology from the University of Strathclyde, Scotland. He has been involved in mining and exploration geology for the past 37 years and has extensive experience within West, East and Southern Africa, covering a range of commodities including Gold, Copper, Nickel, Uranium and Diamonds. Mr Webb is a member of the Australian Institute of Geoscientists (AIG) (membership number 3688) and qualifies as a Qualified Person for the purposes of National Instrument 43-101.
Our Forward-Looking Statement
Certain information set forth in this website contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws.
Todd Burlingame presented the Q4 2023 project activity highlights and discussed the UAV magnetic Survey with Louw Hager, Flightec COO. Additionally, E-Tech geologist Erastus Iiyambo ...
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