GoviEx Launches 2025 Field Season to Expand Uranium Resources at Zambia’s Muntanga Project
GoviEx Uranium has officially launched its 2025 field season at the Muntanga uranium project in Zambia, signaling a major step forward in its goal to improve the project’s long-term economics and resource base.
After four years of extensive studies culminating in a positive feasibility report—with a post-tax net present value (NPV) of $243 million—the company is expanding its exploration program.
The new phase focuses on increasing resource size, extending the life-of-mine, and identifying new deposits to enhance the project’s overall scale and value.
The 2025 exploration campaign includes approximately 3,500 meters of drilling across 35 holes in four high-priority areas.
These range from near-mine extensions at Muntanga to a larger-scale prospect at Kariba Valley, about 70 kilometers southeast and along the same geological trend.
GoviEx’s geological team recently reassessed three of the key targets using updated models, which were presented to senior executives during a site visit. Historical data and recent interpretations indicate promising potential.
“After years of feasibility and engineering work, we’re refocusing on exploration and discovery. Muntanga already sits on a solid foundation, but we believe there’s real opportunity for growth—both near current deposits and further out at Kariba Valley,” said Executive Chairperson Govind Friedland on June 24. “This is one of Africa’s most underexplored uranium belts.”
Drilling will begin at the Muntanga East target, where 10 shallow holes—reaching depths up to 60 meters—will investigate radiometric anomalies located 5 km from the planned open pit.
These anomalies sit in the same rock formations that host the current resource. Based on geological interpretation, this area could hold between 2 million and 4 million pounds of triuranium octoxide (U₃O₈), with grades between 150 and 350 parts per million (ppm).
The program also focuses on the Dibbwi deposit. Five holes are planned just east of the existing pit, targeting a strong radon anomaly along a projected mineralized trend—an area not previously drilled due to the anomaly being identified after initial surveys.
At Dibbwi South, trenching over newly identified radon anomalies will help expose and map the geology, with follow-up drilling to be scheduled depending on findings.
Further afield, within the Kariba Valley Mining License, GoviEx sees high potential at the Chisebuka prospect.
Acquired from African Energy Resources in 2017, this area has remained largely unexplored despite sharing the same sedimentary formations as Muntanga and Dibbwi.
Early geological models suggest a shallow, gently dipping mineralized zone extending roughly 4 km along strike and up to 1 km across.
The mineralization appears from surface to depths of 110 meters. GoviEx estimates a potential target of 20 to 30 million pounds of U₃O₈, at grades of 150 to 300 ppm.
Chisebuka’s exploration area currently represents just 3% of the total license, indicating vast untapped potential. Historical drilling mostly focused on more accessible zones, leaving much of the area untested.
The company plans to drill 20 proof-of-concept holes at Chisebuka, totaling about 2,000 meters, with depths ranging between 50 and 150 meters.
If successful, these results could quickly transition the site into a resource definition phase.
Drilling and trenching at all four priority targets is scheduled to begin next week. Initial results will guide the design of follow-up campaigns later in the 2025 field season, as GoviEx works to unlock the full value of the Muntanga project.
