Frontier Nuclear closes in on Engo Valley resource

Frontier Nuclear and Minerals says it is on track to deliver a maiden mineral resource estimate for its Engo Valley uranium project in northwestern Namibia by mid-third quarter 2026, as the United States moves to secure uranium supply for a major nuclear energy expansion.

The company said the upcoming estimate will establish the foundation for future exploration and development work at Engo Valley, which it believes could emerge as a strategic uranium asset in Namibia.

Frontier chief executive Frank Wheatley said growing geopolitical tensions and energy security concerns were driving renewed investor interest in uranium projects located in stable mining jurisdictions.

"We believe current geopolitical and energy security trends are driving a re-rating of uranium assets in stable mining jurisdictions. A global focus on critical minerals needed to ensure energy and national security continues to underpin this re-rating," Wheatley said.

He said the US government was aggressively pursuing the development of all sectors of the nuclear fuel cycle while investing billions of dollars into building a secure domestic uranium supply chain.

"The maiden mineral resource estimate for Engo Valley is expected to establish the foundation for Engo Valley to potentially become a strategic uranium development asset in Namibia, and we believe Engo Valley has the geologic potential to add to Namibia's globally important uranium production," Wheatley said.

Frontier said all assay results from its Phase 2 drilling programme have now been received, allowing the company to finalise the resource estimate in line with US Securities and Exchange Commission reporting standards for mineral resources.

The company said uranium mineralisation remains open along strike at both target areas, suggesting potential for resource growth beyond the maiden estimate.

Historical drilling at Engo Valley was conducted by Gencor in the 1970s. Frontier said it is combining that historical data with modern drilling and geological analysis to build a robust resource database.

While the maiden estimate is being finalised, Frontier said it is already planning the next phase of exploration, which is expected to include additional drilling at the MUO and D1 zones as well as geological mapping and sampling across the northern and southern sections of the project — areas identified as prospective during a 2024 radon cup survey.