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Canadian mining firm GoviEx has identified its Muntanga Project in Zambia’s Southern Province as a transformative venture, marking 2024 as a pivotal year for refocusing on the uranium mining initiative.
Executive Chairman, Govind Friedland, highlighted that the Muntanga Project, a critical part of the company’s portfolio, has seen accelerated development, with the completion of a feasibility study in sight.
“With uranium prices showing sustained strength and nuclear energy’s growing importance in a low-carbon future, this project’s timing is perfect,” Friedland stated in a letter addressed to stakeholders on January 7, 2025.
In 2024, significant progress was made with the project. A comprehensive drilling program bolstered mineral resource estimates and provided critical data for the feasibility study.
Metallurgical test work confirmed recoveries of 90 percent or higher, coupled with low acid consumption for efficient heap leach processing.
Additionally, integrating five unique deposits into a cohesive mining schedule involved multiple iterations to identify the most effective processing designs and rates.
“These achievements reinforce Muntanga’s potential to be a highly competitive and sustainable uranium operation,” Friedland said.
Friedland expressed optimism that the project would position GoviEx as a globally significant uranium producer, contributing to Zambia’s mining sector and the global transition to cleaner energy.
The Muntanga Project is expected to bring economic benefits to Zambia while advancing GoviEx’s ambitions in the uranium industry.
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