Acquisition from Sibanye-Stillwater; Sibanye-Stillwater will become significant shareholder post-acquisition.
Sibanye-Stillwater Section 11 consent granted 18 August 2026. Sibanye-Stillwater Section 102 consent, separating the New Beisa Node from the Beatrix operation, with the Department of Mineral and Petroleum Resources. Neo Energy Section 11 application in preparation, to be lodged once the Section 102 consent is granted.
Site access agreement signed with Sibanye-Stillwater on 24 July 2026 and implementation assessment begun. The assessment has been scaled back until Neo Energy's Section 11 consent is granted.
First complete, optimisation-driven stope inventory completed, built on the modernised three-dimensional geological model.
R&R Quantity Surveyors appointed Project Manager.
New Beisa is a brownfield uranium and gold project near Virginia in the Free State, developed around the existing Beatrix 4 Shaft Complex of Sibanye-Stillwater. It represents more than US$500 million in historical capital investment.
Profile
Deposit
Production Profile
The Node
Production Sequence
New Beisa Project Area
Resource Category
Gold
Uranium (U₃O₈)
Measured
Grade (g/t)
Mlbs
Grade (g/t)
Measured
0.40
3.20
8.50
1,100
Indicated
0.80
3.30
18.30
1,100
Measured Indicated & Inferred Totals
1.20
3.27
26.80
1,100
No items found.
Investing in South Africa’s Next Great Uranium Producer
