Core Energy Minerals Mobilises Drilling Contractor to Barking Gecko Uranium Prospect in Namibia

Shwetambri Chauhan

04 November 2026 10:15 AM AEDT

Core Energy Minerals Mobilises Drilling Contractor to Barking Gecko Uranium Prospect in Namibia

Image Source: Krish Capital Pty Ltd

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Core Energy Minerals (ASX:CR3) has mobilised its geological team and drilling contractor to the Barking Gecko uranium prospect at the Nova Joint Venture Project in Namibia's Erongo Region, with diamond and reverse circulation drilling set to commence imminently, the company disclosed on 4 November 2026.

Key Points

Mobilisation of the geological team and drilling contractor to Barking Gecko commenced on 2 November 2026.
The proposed program comprises 24 drillholes for approximately 5,280m, with Phase 01 comprising 12 holes for approximately 2,640m.
Barking Gecko is defined by 82 historical RC and diamond drillholes, with high-grade mineralisation remaining open at depth and along strike.
Under the Nova JV earn-in, CR3 may earn an initial 25% equity interest through AUD$2.0 million of exploration expenditure within 18 months.

Maiden Drilling Program at Barking Gecko Prospect

The proposed Barking Gecko drilling program comprises 24 drillholes for approximately 5,280 metres in total. Phase 01 consists of 12 holes for approximately 2,640 metres, including four priority holes totalling 880 metres. Those priority holes include approximately 290 metres of RC pre-collars followed by approximately 590 metres of diamond tails. A further 12 holes totalling approximately 2,640 metres are scheduled to be drilled in 2027. Drilling permits are already in place. The program is designed to test extensions to thick, high-grade basement-hosted uranium mineralisation and improve understanding of its structural controls. Downhole gamma results and assay results from ALS Laboratories will be reported following quality assurance and interpretation.

Barking Gecko Historical Intersections and Geology

Barking Gecko is a basement-hosted uranium system on Exploration Licence EPL3669, located adjacent to Bannerman Energy's Etango Uranium Project. The prospect has been defined by 82 historical RC and diamond drillholes, with drilling intersecting multiple thick zones of uranium mineralisation hosted within stacked leucogranite sheets. Significant historical intersections include 45 metres at 222ppm eU3O8 from 120 metres in TN253RC; 21 metres at 886ppm eU3O8 from 199 metres in TN258RC; and 27 metres at 251ppm eU3O8 from 234 metres in TN258RC. Geological modelling indicates a consistent series of broadly parallel mineralised intrusive sheets extending over several hundred metres of strike and depth.

Nova Joint Venture Earn-In Terms and Tenure

The Nova JV Project comprises granted Exploration Licences EPL3669 (Tumas North) and EPL3670 (Chungochoab) in Namibia's Erongo Region. Under the staged earn-in arrangements, CR3 may earn an initial 25% equity interest through AUD$2.0 million of exploration expenditure within 18 months. A further 26% interest, for a total of 51%, may be earned through an additional AUD$3.0 million of expenditure within the following 24 months. Core Energy is manager of the Nova JV during the earn-in period. The Nova JV tenements adjoin CR3's existing Gemsbok and Oryx uranium exploration licences, forming a tenure package across the Etango–Husab–Tumas uranium corridor.

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