SwakopUraniumOutperforms

This week, Swakop Uranium made an excitingannouncementto the media, revealing thatithassurpassedits production target in thefirsthalfof2023by an impressive 10%

The company is on track to achieve its annual target for the year if this trend continues.

According to a statement issued this week, uranium production at Swakop Uranium's Husab Mine has increased by 10% compared to the H1 budget commitment. The halfyearuraniumproduction in 2023 reached 2,426 tons, showing a remarkable 45% increase compared to the same period in 2022 This significant improvement in uranium production is attributed to the exceptional mining and milling performance so far, with mining volumes up by 29 6% and milling volumes up by 20.2% compared to the same periodlastyear

Swakop Uranium's Executive Vice President, Irvinne Simataa, emphasised the importance of maintaining cost prudence in areas like water, electricity, unplanned maintenance, and implementing plans