Forsys Metals is engaged in the business of acquiring, exploring and developing mineral properties. The principal focus is an emerging uranium producer with 100% ownership of Norasa, located in Namibia, Africa, which combines the fully licensed Valencia Uranium (“Valencia”) and the exploration stage Namibplaas Uranium (“Namibplaas”) projects, into production.
The company has the opportunity to capitalize on attractive mid and long-term uranium sector dynamics by focusing on enhancing Norasa. Forsys, through extensive exploration and technical programs has reported significant uranium resources. Norasa’s robust resource underpins our strategic position to participate in an energy sector that is enjoying positive long-term fundamentals and to participate in the increasing worldwide adoption on nuclear power. In addition, the Company believes that potential exists to increase uranium reserves at Norasa including the potential for finding additional uranium below the existing pit shell and from known satellite deposits.
Namibplaas is located 4.5km northeast of the Valencia deposit on the farm “Namibplaas 93” with a total surface area of 1,269 ha. The Exclusive Prospecting Licence (“EPL 3638”) for the Namibplaas uranium deposit was recently renewed for a further two years until February 1, 2026. Valencia deposit site is fully licenced with a Mining Licence (ML149) to 2033.
The Company has undertaken a comprehensive review and update of all of the parameters for a Mineral Resource Estimate (“MRE”) for the Norasa project using recent drill results. Confirmatory and geotechnical drilling, in conjunction with new survey information, including topographic surveys, down-the-hole optical televiewer surveys, trajectory surveys, and downhole gamma probe surveys, were used as inputs for mineral resource modelling. Re-interpretation of the previous database utilising all available data and modern estimation approaches has improved the definition of the MRE to more confidently support mineplanning. This study, enhanced by the integrated and expanded infill and extension drill program targeting existing and new land areas together with a robust work plan of optimisation process testing and modelling, will help reinforce the upside potential of the Norasa project.
Vision and Strategy
The aims that are outlined below will see Forsys re-position as a ‘top table’ company in exploring, acquiring and developing accretive mining projects with significant resource potential. In line with this, the vision for Forsys future can be summarised as follows:
Vision
Forsys is committed to being recognised as a key provider of uranium and supplying the commodities necessary to help sustain and improve the world around us.
We want to bring about growth opportunity for all our stakeholders and create shareholder wealth by exploiting the opportunities that Forsys has and continues to generate. In doing so, we are committed to protecting the wellbeing of the environment and the communities where we work
Strategy
For the vision to become reality, Forsys has established the following core strategy:
1. Norasa Project Advancement
Significant focus on developing the Norasa Project and in particular:
- conversion of the Namibplaas EPL to a mining licence;
- augmentation and upgrade resource estimates (measured and indicated) through further infill and extension drilling
- enhance project economics through optimisation program
- drive the project to a ready to construct status,
- enter into long term supply agreements taking advantage of conducive market conditions
2. Strategic acquisition
Acquiring suitable mining assets which exploit local economies of scale and are accretive for shareholder wealth.
3. Corporate branding
Raise the profile of Forsys Metals to establish it as a wealth opportunity for investors through investor relations, PR and communications.
Corporate Values
As part of the Corporate governance of the company, the Board approved the following Corporate Values:
- To operate in accordance with best practice with a particular emphasis on safety and environment;
- To conduct operations in an efficient and effective manner and by seeking out opportunities for expansion;
- To respond to the attitudes and expectations of the communities in which we operate as part of our corporate social responsibility;
- To act with integrity, honesty and cultural sensitivity in all of Forsys’ dealings;
- To reward employee performance and provide a fulfilling work environment.
