{"id":97,"date":"2009-05-28T12:49:54","date_gmt":"2009-05-28T01:49:54","guid":{"rendered":"http:\/\/www.australianuranium.com.au\/blog\/dyl-toe-namibian-jv\/"},"modified":"2009-05-28T12:49:54","modified_gmt":"2009-05-28T01:49:54","slug":"dyl-toe-namibian-jv","status":"publish","type":"post","link":"https:\/\/www.australianuranium.com.au\/blog\/dyl-toe-namibian-jv\/","title":{"rendered":"DYL- TOE Namibian JV"},"content":{"rendered":"

Looks like a match made in heaven….
\n\"dyl-toe\"
\nNovo: TOE
\nReptile: DYL<\/p>\n

And look at the neighbours
\n\"\"<\/p>\n

Toro Energy and Deep Yellow Form a JV
\nExploring for Uranium in Namibia
\nThere is to be an accelerated uranium exploration campaign by two Australian explorers in the
\nAfrican nation of Namibia under a joint venture agreement announced today by Toro Energy
\nLimited (ASX: TOE \u201cToro\u201d) and Deep Yellow Limited (ASX: DYL \u201cDYL\u201d).
\nThe joint venture, the first between the two companies in Africa will see DYL (through their wholly owned
\nNamibian subsidiary Reptile Mineral Resources and Exploration (Proprietary) Limited (Reptile)) spend
\nA$3.5 million over the next two and a half years on three Exclusive Prospecting Licences (EPLs) held by
\nToro\u2019s Namibian subsidiary Nova Energy Namibia (Proprietary) Limited (Nova). Reptile will then be entitled
\nto gain a 65% share of the Joint Venture. Toro will retain 25% with Namibian Black Economic Empowerment
\n(BEE) Company, Sixzone Investments Proprietary Limited, holding a 10% share. Since late March any
\ncompany applying for renewal of EPLs is being informed by the Ministry of Mines and Energy (MME) of a
\nrequirement for involvement of a BEE partner before renewals will be granted.
\nThe new exploration partnership evolved from Toro\u2019s previously announced review and restructuring of
\nAfrican interests to provide increased shareholder value, more aggressive project advancement and allow
\nadditional focus on Toro\u2019s Australian uranium projects – particularly Wiluna (WA) and Napperby (NT) –
\nwhich have which have the potential for near-term production.
\nReptile has a substantial exploration base at Swakopmund, close to the exploration areas and a Namibian
\nexploration team with a proven record of uranium discovery. The Namibian company is now able to
\ncommence work following the grant of renewals for the three Toro-held EPLs, (3668, 3669 and 3670) by the
\nMME and the approval of the joint venture arrangement by the Minister.
\nThe location of Toro\u2019s EPLs in relation to DYL\u2019s uranium tenements and to other significant uranium projects
\nand mines, is shown in Figure 1 and include:
\n\u2022 EPL 3668 lies immediately downstream of the operating Langer Heinrich Uranium mine with the
\npotential for the discovery of a similar style mineralization. Exploration will focus on fully
\nevaluating the buried palaeochannels within this tenement.
\n\u2022 EPL 3669 is located immediately south of where Bannerman Resources are exploring uranium rich
\ngranites known as Alaskites at their Etango Project. There is also potential for uranium
\nmineralisation associated with magnetite-skarn mineralization similar to the INCA Project
\ndiscovery announced by Deep Yellow (ASX release 23\/04\/2009).
\n\u2022 EPL 3670 is in the southern part of the Erongo district adjacent to the Aussinanis calcrete deposit
\nbeing explored by DYL. The tenement has similar radiometric anomalies that could be evaluated
\nwith shallow drilling.
\nToro will maintain an up to date knowledge of the exploration work and findings through regular meetings
\nand briefings on progress under the joint venture agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Looks like a match made in heaven…. Novo: TOE Reptile: DYL And look at the neighbours Toro Energy and Deep Yellow Form a JV Exploring for Uranium in Namibia There is to be an accelerated uranium exploration campaign by two Australian explorers in the African nation of Namibia under a joint venture agreement announced today … Continue reading “DYL- TOE Namibian JV”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-97","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/97","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/comments?post=97"}],"version-history":[{"count":0,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/97\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/media?parent=97"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/categories?post=97"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/tags?post=97"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}