About Headspring Investments
Headspring Investments is the Namibian operating company of Uranium One.
Uranium One is an international group of companies, owned by Rosatom. It is the world’s third-largest uranium producer with a diverse portfolio of assets worldwide, including in Kazakhstan, Tanzania and Namibia.
Wings Project
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, through its Namibian affiliate company Headspring Investments, has been exploring for uranium in the Omaheke Region. The exploration started in 2011 by doing desk research and ground and water sampling but in 2013 operations were suspended due to a moratorium on uranium exploration. During the exploration drilling phase, about 150 Namibians were provided with jobs. The exploration drilling was all done by contracted Namibian drilling companies.
When the moratorium was lifted, exploration was resumed in 2018 and in 2019 a rich uranium ore body has been found in the Omaheke Region after only 60% of the exploration drilling has been completed. It is estimated that the discovered sandstone-type uranium deposit, which is considered suitable for in-situ recovery (ISR), could deliver 3 000 tons of uranium per year with a Life of Mine of at least 25 years.
The development of the Project Wings will contribute to the development of the Namibian economy: it will attract investments, boost the mining sector, create new jobs for the local population and increase the GDP of the region.
Africas first
ISR project, showcasing significant potential.
Uranium exploration project at a deposit in the Omaheke region, 300 km from Windhoek, which has the prospect to become a succesful ISR mining operation.
Key benefits
Creation of new jobs in the region and mining-related industries
Additional tax revenue during mine development
Development of infrastructures, health care and education
Management
