Pioneer Lithium Uranium Expansion in Namibia Creates District-Scale Exploration Opportunity

Acquisition Creates District-Scale Uranium Portfolio in Prolific Mining Jurisdiction

Pioneer Lithium Ltd (ASX: PLN) has strategically expanded its uranium exploration holdings in Namibia through the acquisition of the Gaobis Uranium Project (Exploration Licence EPL 8239). This new project covers approximately 350 square kilometres of highly prospective terrain adjacent to Pioneer's existing Warmbad Project. Consequently, this acquisition consolidates Pioneer Lithium Ltd's uranium portfolio, creating a substantial contiguous landholding within one of the world's leading uranium mining regions.

The acquisition aligns with Pioneer Lithium uranium expansion in Namibia and aims to develop a robust resource base in critical minerals essential to the global transition toward sustainable energy solutions. Notable historic exploration at Gaobis confirms significant uranium mineralisation in surface and near-surface drill intercepts. Specifically, previous drilling results include significant uranium intersections, such as:

• 23.9 metres at 100 ppm U₃O₈
• 22.59 metres at 141 ppm U₃O₈

These results occur within shallow alaskite granitoid intrusions. Importantly, an anomalous radiometric signature extends approximately 1.7 kilometres in length along a geologically interpreted fold hinge area, identifying several readily accessible shallow drill targets.

Michael Beven, CEO of Pioneer Lithium Ltd, highlighted the strategic significance of this acquisition:

"The Gaobis Uranium Project is an extension of the Warmbad project with excellent historic drill intercepts in alaskite granite from surface. The mineralisation associated with the historic drilling is open in all directions, while the strongest radiometric anomalies along the fold hinge remain largely untested."

Namibia: A Tier-1 Uranium Jurisdiction with World-Class Deposits

Namibia ranks as a premier global location for uranium exploration and production. As the world's third-largest producer of uranium, Namibia contributes approximately 11% of global uranium output. Furthermore, the country is known for a mining-friendly regulatory environment coupled with developed mining infrastructure and experienced operational expertise.

Namibia's proven mining record, transparent governance, and geological richness make it a favoured destination for international investors and mining companies.

The geological context at Gaobis shares notable similarities with major established deposits such as Rössing and Henkries, significantly elevating confidence in the potential for both intrusive-hosted (alaskite) and sediment-hosted (calcrete and paleochannel) uranium mineralisation.

Understanding Alaskite-Hosted Uranium Mineralisation

Alaskite-hosted uranium deposits represent major global sources of economically viable uranium. This type of mineralisation typically occurs when uranium-rich granitic intrusions (alaskites) penetrate older, pre-existing rock sequences, leading to uranium enrichment under specific geological conditions.

Alaskite is a relatively pale granite, consisting largely of quartz and feldspar, generally lacking darker minerals. Notable characteristics of alaskite-hosted uranium systems include:

• Structural controls, with uranium concentration frequently associated with folds, faults, fractures, and shear zones that create accessible areas for mineral deposition.
• Typically continuous mineralised intercepts, providing economic benefits by enhancing the predictability and consistency of uranium resources.
• Mineral deposits often situated near surface, potentially conducive to economical open-pit extraction.
• Significant scalability in mineralisation, evidenced by substantial global precedent, including Namibia's Rössing deposit.

The confirmed historical intercepts at Gaobis (23.9m @100 ppm and 22.59m @141 ppm U₃O₈) are consistent with the geological profile of economically productive alaskite uranium systems, underlining Pioneer Lithium Ltd's analytical optimism.

Dual Mineralisation Targets Enhance Project Potential

One particularly attractive aspect of the Gaobis Uranium Project is its confirmed potential to host two distinct uranium mineralisation types, significantly enhancing exploration prospects and resource potential.

1. Alaskite-Hosted Uranium

• The main targeted mineralisation confirmed by historical exploration drilling.
• Associated with granitic intrusions funnelled along geological structures.
• Similar geological characteristics to Namibia's successful Rössing deposit.

2. Calcrete/Paleochannel Uranium

• Present as secondary targets, identified through geophysical (radiometric) surveys.
• Typically hosted within ancient, uranium-rich river channels and surfaced calcrete sediments.
• Amenable to low-cost, bulk-tonnage mining methods.
• Comparable Namibian deposits include Langer Heinrich and Henkries.

This dual-type uranium prospectivity provides additional security and flexibility for project growth, laying out a robust pathway towards eventual resource estimation and long-term project development.

Acquisition Terms Reflect Strategic Value

Pioneer Lithium Ltd acquired 100% ownership of the Gaobis Uranium Project through a strategic binding agreement to purchase Tamarillo Investment Pty Ltd, the entity owning EPL 8239. The acquisition cost is structured attractively with total consideration of US$50,000:

• US$25,000 initial payment upon signing.
• Additional US$25,000 due upon final asset transfer.

These acquisition terms reflect Pioneer Lithium Ltd's strategic approach to expanding in Namibia by acquiring high-quality exploration ground adeptly positioned in a first-class uranium jurisdiction, thereby securing long-term value creation potential at minimal upfront investment.

Completion of the acquisition, including regulatory approval, is scheduled for Q2 2025, enhancing Pioneer Lithium Ltd's uranium exploration footprint significantly in this desirable uranium mining region at minimal capital expenditure.

Clear Pathway to Resource Growth

Pioneer Lithium Ltd has developed a structured, phased approach to rapidly advance exploration at Gaobis:

1. Regulatory engagement: Actively working alongside Namibian authorities to expedite and secure all regulatory and permitting requirements.
2. Geophysical reinterpretation: Reassessing previous radiometric data to prioritise drill-ready targets efficiently.
3. Targeted exploration drilling programme: Drilling to confirm and extend known mineralisation targets, especially in the key previously untested segments of the 1.7 km radiometric anomaly along the folded geological structure.

This detailed roadmap sets clear objectives designed to maximise resource potential systematically while responsibly addressing exploration risk potential.

Why Investors Should Follow Pioneer Lithium Ltd's Uranium Strategy

Several compelling justifications highlight why investment audiences should closely monitor and consider Pioneer Lithium Ltd's uranium exploration and acquisition strategy:

• Strategic landholding development: Creating a consolidated, district-scale position within Namibia's high-calibre, proven uranium belt.
• Validated mineralisation: Historical drill data confirm the presence of economically significant uranium intercepts within project limits.
• Large exploration potential: Multiple shallow, untested radiometric anomalies extending across 1.7km.
• Dual mineralisation scenarios: Residual opportunity offered through both primary (alaskite) and secondary (paleochannel) uranium targets.
• Strategically beneficial acquisition terms: High-value project secured at exceptionally attractive valuation terms.
• Clear, achievable growth milestones: Demonstrating active, planned exploration progress with transparent short to medium-term goals.
• Market positioning: Aligning to beneficial macroeconomic drivers characterised by sustained global uranium demand outlook amid rising clean-energy dependency.

Significantly, as global focus on clean energy intensifies, Pioneer Lithium uranium expansion in Namibia places the company at an optimal point for resource expansion, strategic execution, and delivering measurable shareholder value.

Key Takeaway: Pioneer Lithium Ltd secures a compelling district-scale uranium position in Namibia—validated by previously successful exploration drilling, substantial exploration upside in untested radiometric anomalies, and significant near-term resource expansion potential via structured development stages. This strategic step enhances shareholder exposure to the robust energy transition market through diversified uranium opportunities carefully aligned with global market trends.

Ready to Explore Pioneer Lithium's Uranium Opportunity?

Discover how Pioneer Lithium is building a district-scale uranium portfolio in Namibia with proven mineralisation and significant exploration upside. For comprehensive investor information about Pioneer Lithium's strategic uranium acquisitions and development plans, visit their YouTube channel to stay updated on this compelling investment opportunity in the clean energy sector.