Gladiator to tackle Mkuju drilling in May

Gladiator Resources (ASX:GLA) says it’s on track for a drilling program to be conducted at its Mkuju Uranium Project in Tanzania. 

Drilling will focus on testing key uranium targets within the project and will begin in May 2023. 

At the Southwest Corner, drilling will test the potential down-dip extension of the recently trenched ‘high-grade’ surface uranium. 

Gladiator, which has a market capitalisation of $19.71 million, says at the Mtonya target, drilling will further assess ‘excellent’ uranium intersections not followed up by previous explorers in 2012. 

Meanwhile, at Likuyu North, drilling will test for potential new zones that if present would add to the existing 4.6 million pounds of triuranium octoxide (U3O8) resource. 

The company has sent tender documents to a shortlist of drilling contractors that comply with the Tanzanian procurement regulations. The proposals are expected back this week, while tender evaluation and award will take place over the next few weeks. 

Gladiator has also identified contractors for the provision of camp and earthworks, which are planned to begin late April or early May 2024.

The company notes it has assembled a ‘strong’ team of Tanzanian geologists who will be led by new Exploration Manager Fabien Linares. 

The Mkuju Uranium Project covers a 678.7km-square area, which includes ‘well-known’ anomalies of Grand Central, Likuyu South, and Likuyu North. 

Gladiator Resources is a uranium-focused explorer and mining company with all projects located in areas that have experienced ‘significant’ exploration attention and investment. 

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Images: Gladiator Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.