NGX Limited (AU:NGX) has released an update.
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NGX Limited has confirmed significant uranium mineralisation at its Namibian Tubusis and Rossingburg projects, following a review of historical exploration data. The company, which recently entered joint venture agreements to acquire these projects, reported promising intercepts of uranium at both sites, with plans to continue desktop modelling and on-ground activities pending permit approvals. NGX is optimistic about the projects’ potential, with Tubusis showing extensive surface mineralisation and Rossingburg being an advanced prospect in an established uranium district.
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