Marenica Energy Ltd (MEY:ASX)
Marenica Energy Limited is a mineral exploration and development company. The Company is engaged in the evaluation of the beneficiation potential of the Marenica Project ore and the application of the Company's U-pgrade process to other surficial ore sources. It focuses on continuing the U-pgrade program, including pilot plant test work, and maintains the mineral tenements of the Marenica Uranium project in Namibia. Its projects include Marenica Uranium Project and Katanning Gold Project. U-pgrade is the Company's processing technology. It is applicable to surficial uranium deposits with a particular emphasis on calcrete-hosted deposits. The Marenica Uranium project consists of exclusive prospecting license (EPL) 3287, which covers approximately 530 square kilometers. The Katanning Gold Project is located in the South West Mineral Field of Western Australia. Its subsidiaries include Marenica Energy Namibia (Pty) Ltd, Marenica Minerals (Pty) Ltd and Uranium Beneficiation Pty Ltd.