Core Energy Minerals Commences Drilling at Barking Gecko Uranium Prospect in Namibia

Manish Choudhary

12 November 2026 10:15 AM AEDT

Core Energy Minerals Commences Drilling at Barking Gecko Uranium Prospect in Namibia

Image Source: Krish Capital Pty Ltd

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Core Energy Minerals (ASX:CR3) has commenced drilling at the Barking Gecko uranium prospect, the first drill target at the Nova Joint Venture Project in Namibia, with a 12-hole program totalling an estimated 2,650 metres of diamond and reverse circulation drilling planned.

Key Points

Drilling has commenced on schedule at the Barking Gecko prospect on EPL3669, targeting alaskite-hosted uranium mineralisation
The program consists of 12 holes for an estimated 2,650 metres of diamond and reverse circulation drilling
CR3 holds a binding earn-in agreement for up to 51% of the Nova Tenement package with Deep Yellow Ltd (ASX:DYL) and former ASX-listed Toro Energy Ltd
The Torque drilling team has set up on the first drill site with diamond drill coring already underway

Drilling Program Details at Barking Gecko Prospect

The drilling program at the Barking Gecko prospect on EPL3669 comprises a total of 12 holes for an estimated 2,650 metres, combining both diamond and reverse circulation drilling methods. The initial phase is designed to confirm CR3's revised interpretation of high-grade mineralisation identified in historic drilling, followed by step-out drill fences to expand the mineralisation footprint. The Torque drilling team completed mobilisation and safety on-boarding before setting up on the first drill site, where diamond drill coring has commenced. Down-hole gamma and assay results will be reported when received and interpreted.

Nova Joint Venture Structure and Tenement Package

Core Energy Minerals holds a binding earn-in agreement for up to 51% of the Nova Tenement package, which includes EPL3669 and EPL3670. The joint venture partners are Deep Yellow Ltd (ASX:DYL) and former ASX-listed Toro Energy Ltd. The company also holds 100% owned Erongo tenements EPL9725 and EPL9652. The Barking Gecko prospect represents the first drill target selected under this joint venture arrangement, with the program focused on alaskite-hosted uranium mineralisation at the advanced-stage prospect in Namibia.

Managing Director Comments and Reporting Commitments

Core Energy Minerals Managing Director Tony Greenaway stated that the drilling team conducted significant work reinterpreting historic drilling data, and the current program is designed to test that interpretation before stepping out to assess the extent of mineralisation. Greenaway acknowledged the Torque Drilling crew and the company's Namibian team for what he described as a safe and efficient mobilisation. The company stated that material exploration updates will be reported as the program progresses, with down-hole gamma and assay results to follow when received and interpreted by the exploration team.

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