Cobra North and Khan West

Cobra north and Khan West Project Highlights:

Third largest mining jurisdiction in the World (Namibia’s renowned Erongo uranium province)
Active Nuclear Fuels Mining License
Road access via major B1 highway
Power, Water and Skilled labour available
Close to operating uranium processing facilities within trucking distance Rossing (CNUC), Husab Mine, Langer Heinrich Mine (Paladin).
Access to Deep water port
High recovery using low amounts of acid (77.1%-86.6%)
9,000,000 Lbs (inf) with significant expandability. See SRK Report here.
Initial explorations indicate mineral deposits remain open in all directions, substantial offering potential resource expansion including new discovery zones with up to 8.5% U308.

Historical Uranium Deposit and Mining Licence

2015 SRK Engineering prepared JORC Compliant Resource of 9,000,000 lbs expandable

SRK has generated tonnage and grade estimates for the mineralisation demonstrated to be present by exploration to date on the two drilled areas of EPL3524 and 3624. In total this drilling has outlined over 15Mlb of U3O8. In SRK’s opinion, some 9Mlb of this mineralisation has already been demonstrated to be potentially economic to exploit and is supported by enough data, and is sufficiently well delineated, to be reported as an Inferred Mineral Resource as defined by the JORC Code.

RK Mineral Resource Estimate

NOTE: Though the mineral resource estimate was prepared using Modern era (2015) methodology. Dark Star’s management considers the MRE to be historical in nature and should not be relied upon. Dark Star plans to have the report updated and republished. The Project is currently under LOI as announced on June X. See Release here.

Husab Mine & Processing Facility – Third Largest Uranium Deposit in the World.

Drillhole ID	Depth (metre)	Sample ID	Head grade (U3O8 ppm)	Recovery %	Acid consumption (kg/t)	Nb (ppm)	Ta (ppm)
RC003	144-145	F5124	360.6	82.00	14.21	8.8	<5
RC005	61-64	F5125	562.7	86.60	2.45	17.2	<5
RC005	115-116	F5126	567	77.10	4.41	14.1	<5