Connected Minerals Reports Strong Phase 2 Uranium Drill Results at Etango North-East

Connected IO ( (AU:CML) ) has issued an update.

Connected Minerals has completed a Phase 2 reverse circulation drilling program at its Etango North-East Uranium Project in Namibia, drilling 23 holes for 3,134 metres at the Ondapanda prospect and returning economic uranium grades in 17 holes, including multiple high-grade intercepts. The results from both Phase 1 and Phase 2 confirm multiple stacked, mineralised alaskites that appear to follow the geological model of the nearby Etango uranium deposit, with mineralisation remaining open at depth and along strike; this supports the project’s potential scale and underpins plans for further drilling, while the company also prepares to commence a field program at its Pallingup project in Australia in the first quarter of 2026, subject to securing land access, potentially broadening its exploration pipeline.

The most recent analyst rating on (AU:CML) stock is a Sell with a A$0.16 price target. To see the full list of analyst forecasts on Connected IO stock, see the AU:CML Stock Forecast page.

More about Connected IO

Connected Minerals Limited (ASX: CML) is an Australian exploration company focused on uranium, holding two exclusive prospecting licences in Namibia – the Etango North-East and Swakopmund projects – within the country’s most prolific uranium-producing province. Its Namibian assets are strategically located near existing uranium mines and deposits and benefit from established regional infrastructure, positioning the company to target alaskite-hosted uranium mineralisation similar to Bannerman Energy’s large Etango project. The company also holds the Pallingup project in Australia, where field work is planned subject to land access agreements.

Average Trading Volume: 76,330

Technical Sentiment Signal: Hold

Current Market Cap: A$11.07M

For detailed information about CML stock, go to TipRanks’ Stock Analysis page.