Modern Mining June 2024

URANIUM

Semarule: Inspecting carbonatite on the hilltop.

Eastport unveils plans for the company’s stock market debut After achieving much success in Botswana at the helm of critical metal developer, Giyani, Robin Birchall has returned to Botswana as CEO of Eastport Ventures. Since formally taking the role in February, his focus has been on strategically evaluating the most efficient manner for which to optimise value for the company and its shareholders, ahead of a planned IPO on a North American Stock Exchange in the coming months. Resources (ASX: LOT), Lethlakane Uranium deposit; one of the largest developed Uranium deposits in Africa.

E astport is an innovative Canadian mineral development com pany operating in Botswana. Over the past 10-years, Eastport has amassed what the company believes to be mineral assets that provide key exposure to critical metals it acquired during a sustained period of distressed market conditions. CEO, Robin Birchall, believes that now, more than ever, is the time to be taking the company public with a backdrop of high metal prices, restrictive supply conditions and ethical sourcing of material. Eastport’s objective is to develop its mineral interests to material stages within the value curve. The company is seeking to raise ~C$6m upon listing to fund a highly active exploration and development campaign across its three core mineral interests: 1. Foley, its flagship Uranium exploration and development project, located on a 972 km² tenement and bordering Lotus

2. Matsitama, an advanced Copper project with close to $20 million in historic and present expenditures over the last ~12 years. 3. Semarule, a Rare Earth Elements project covering 249 km² less than 50 km from the capital of Botswana, Gaborone. With a focus on enhancing its asset base with drilling activities, the junior miner expects, by 2026, to have delineated a resource on its Foley uranium asset, be undertaking a pre-feasibility study on its Matsitama copper project – its most advanced asset to date – and engaged in a preliminary economic assessment (PEA) on its Semarule rare earth project. Chief Executive Officer, Robin Birchall comments, “Eastport is at a compelling and ambitious stage. Our three core projects offer

Nakalakwana logging drill core.

Sampling drill core at the warehouse facility.

14  MODERN MINING  June 2024