About Headspring Investments

About Headspring Investments

Headspring Investments is the Namibian operating company of Uranium One Group.

Uranium One Group is an international group of companies, owned by Rosatom State Atomic Energy Corporation. It is one of the world’s largest uranium mining companies with a diverse portfolio of assets worldwide, including in Kazakhstan, Tanzania, and Namibia.

Leveraging Rosatom’s top engineering solutions and production expertise along with technological innovations from leading Russian industrial firms, Headspring Investments offers cutting-edge technologies for efficient uranium mining.

Wings Project

Prospecting
Geological exploration
Pre-feasibility study
Detailed exploration & pilot mining
Feasibility study
Construction of a mining facility
Start of mining
Commercial operation
Mine closure and rehabilitation

HEADSPRING INVESTMENTS IS EAGER TO BECOME A FULLY-FLEDGED MEMBER OF NAMIBIAN SOCIETY AND TO BE A ROLE PLAYER OF NOTE IN THE COUNTRY’S ECONOMY

Uranium One Group, through its Namibian affiliate company Headspring Investments, has been exploring uranium in the Omaheke region. The exploration started in 2011, beginning with desk research. In 2012, exploration drilling commenced, but in 2013, operations were suspended due to a moratorium on uranium exploration.

After the moratorium was lifted, exploration resumed with geophysical and geochemical surveys conducted in 2016-2017. In 2018, additional exploration drilling and metallurgical test studies of core with uranium mineralization were performed.

From 2019-2021, exploration drilling continued, leading to the discovery of a rich uranium ore body in the Omaheke region, with about 150 Namibians provided with jobs during this phase. It is estimated that the discovered sandstone-type uranium deposit, which is considered suitable for In-Situ Recovery (ISR), could yield 3,000 tons of uranium per year with a life of mine of at least 25 years.

Further water sampling was carried out from 2020-2021. However, in 2021, drilling permits were revoked, leading to the shutdown of operations when less than 60% of the planned exploration drilling had been completed.

Currently, the project is in the pre-feasibility study stage (exploration) and preparations for a pilot test are underway. The pilot site is technically ready for testing, with wells drilled and equipment installed. The start of the pilot test is subject to approval by Namibian regulators.

AFRICA’S FIRST ISR PROJECT

showcasing significant potential

The uranium exploration project of Headspring Investments is predominantly in the Omaheke region, about 300 km from Windhoek, and promises to become a successful ISR mining operation.

AFRICAS FIRST

Key benefits

Creation of new jobs in the region and mining-related industries

Decent working conditions and remuneration

Additional tax revenue during mine development and production

Development of infrastructures, health care, and education

Implementation of advanced digital technologies

Introduction of the highest environmental standards to ensure workers’ health and safety

Boost of mining sector and contribution to the energy security of the country

Management

Kirill Egorov-Kirillov
Managing Director
Anton Korobkin
Chief Technical Officer
Aldo Hengari
Director of Operations
Riaan van Rooyen
Deputy Director for Strategic Communications