UA92 Botswana Uranium
~2,414 km² across prospecting licenses in Botswana's Central District — targeting sandstone-hosted uranium in the Ecca Group (Karoo Supergroup).
Sandstone-Hosted Uranium Targets
The UA92 project comprises prospecting licenses totalling approximately 2,414 km² in Botswana's Central District. The licences target sandstone-hosted uranium mineralisation within the Ecca Group of the Karoo Supergroup — the same geological setting that hosts several world-class uranium deposits across southern Africa.
The project area is located between the towns of Orapa and Francistown, approximately 20 km west of the Letlhakane deposit (Lotus Resources) which contains 113.7 million lb U₃O₈. This proximity to a proven analog deposit provides strong geological support for the exploration thesis.
Note: Approximately half of the original prospecting licenses have been relinquished, reducing the total area from ~4,407 km² to the current ~2,414 km². The retained licenses cover the most prospective ground based on geological assessment.
- Location
- Central District, Botswana — between Orapa and Francistown
- Target Type
- Sandstone-hosted uranium in the Ecca Group (Karoo Supergroup)
- Total Area
- ~2,414 km² across retained prospecting licenses
- Stage
- Early-stage exploration — no mineral resources defined
Prospecting Licenses
Approximately 2,414 km² of retained licences covering the most prospective ground in Botswana's Central District.
Approximately half of the original 7 prospecting licenses (~4,407 km²) were relinquished following geological assessment. The retained licences cover the most prospective portions of the Ecca Group target horizon, selected based on proximity to the Letlhakane analog and favorable structural geology.
- Licences
- 7 PLs (PL143–PL148, PL220/2023)
- Original Area
- ~4,407 km²
- Retained Area
- ~2,414 km²
- Target Formation
- Ecca Group, Karoo Supergroup
UA92 prospecting license blocks (PL143/2023 – PL148/2023, PL220/2023) in Botswana's Central District, adjacent to the Lotus Resources Letlhakane deposit.
Letlhakane Deposit
A world-class uranium deposit located just 20 km east of the UA92 licence area, demonstrating the prospectivity of the geological setting.
Letlhakane is owned by Lotus Resources and represents one of the largest undeveloped uranium deposits in Africa. Located approximately 20 km east of the UA92 licence area, it contains 113.7 million lb U₃O₈ at 142.2 Mt averaging 363 ppm. The deposit is hosted within the same Ecca Group (Karoo Supergroup) sedimentary sequence that UA92 targets — providing a compelling geological analog for the exploration thesis.
Team Uranium Track Record
Key team members have been involved in the discovery and development of two major Karoo-basin uranium deposits.
Discovered by Uranium One, led by team members now at Union Power Metals. Karoo basin analog geology — same sedimentary and structural setting as the UA92 project.
Karoo basin — same geological setting as UA92 Botswana. Discovered through the Uranium One / Rosatom group exploration programs.
NI 43-101 Technical Report
Independent technical report prepared in accordance with National Instrument 43-101 standards.
- Effective Date
- December 21, 2024 — Prepared for Gold Digger Resources Inc. (now Union Power Metals Corporation)
- Qualified Person
- Rory Kutluoglu, P.Geo (British Columbia, Canada)
- Resource Status
- No mineral resources defined — early-stage exploration. The report documents the geological setting, exploration rationale, and recommends further work.
- Analog Reference
- Letlhakane (Lotus Resources) — 113.7 million lb U₃O₈ at 142.2 Mt @ 363 ppm — located ~20 km east of UA92 acreage.
Botswana Activity Timeline
Key milestones in the development of the UA92 Botswana Uranium Project.
Uranium Market Tailwinds
Structural supply-demand dynamics and renewed nuclear demand from AI and data centers are driving the uranium market.
Uranium term prices have risen 142% over the past five years, reflecting structural undersupply and renewed demand.
66 nuclear reactors are currently under construction globally, with many more in planning and approval stages.
AI hyperscalers — Google, Microsoft, NVIDIA, and Amazon — are driving unprecedented nuclear energy demand for data center power.
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