Exploration Approach

Edenville Energy’s strategy is to undertake mineral exploration of its portfolio of coal and uranium assets and ultimately to increase the value of its assets through the development of these resources and where appropriate, commence production of these economically feasible assets. Edenville has both coal hosting uranium projects and coal projects. The Company will initially evaluate potential targets within the prospective hosted assets where both uranium and coal are expected to occur together.

The Company will actively manage geological exploration on the licences by implementing a phased strategy that will progressively increase the level of geological understanding for each licence to facilitate more focused exploration and resource development in the longer term. All field work will be conducted by citizens of Tanzania under the direct supervision of Edenville Tanzania, who in return report directly to the Board of Edenville.

Initial work will consist of a desk-top review involving the collection, collation and reinterpretation of all available historical data, supplemented by regional-scale geological reconnaissance mapping and sampling. This will define the host geological units for mineralisation and allow for progressively more focused and detailed exploration that will potentially lead into a drilling campaign and ultimately ore body delineation and subsequent mineral resource estimations.

Edenville Energy’s southern projects lies at the crossroads of the Mtwara Development Corridor Program, a regional development initiative involving areas of four co-sponsoring countries (Malawi, Mozambique, Zambia and Tanzania), that are or can easily be served by the Indian Ocean port of Mtwara.

The program includes the development and rehabilitation of roads, lake ports, pipelines, and air transport facilities, many of them with private sector participation.

Projects