Post on 22-Oct-2020
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Cleve
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Establishment completed staff, facilities and equipment in place and working
Initial exploration completed major advances in our knowledge of the areas
Excellent early results discoveries of new uranium mineralisation at Muckanippie, Kingoonya, Cleve and Tumby Bay
Forward programs at Muckanippie, Tarcoola, Kingoonyaon the Eastern Eyre Peninsula at Mullaquana, Cleve and Tumby Bay
Year 1 exploration expenditure on budget at $1.1m
Available funds $4.0m
Overview of the first year
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Establishment completed
CorporateCorporate Governance and OH&S policies and systems set up and functioningAdministrative operating structures set up, staff and systems in
place
Staff recruitedChief Geologist
Wade BollenhagenDrilling Manager David UsherField Geologist
Edward KeysResearch Geologist
Nikki Galloway WarlandAdministration Manager
Susan Ortlepp
Geophysical Consultants David McInnes, electrical geophysicsGrant Koch, radiometrics, down-hole loggingGrant Archer, data acquisition, modeling
OrganisationOffices and workshop facilities in AdelaideField operating base at Tarcoola
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Logistics and equipmentOffice and workshops in Adelaide, field operations base established at Tarcoolarotary mud drill rig and down-hole logging plant being commissioned
Final stages of the refurbishment ofthe Mayhew 1000 rotary mud drilling rig
Building the radiometric and electric down-holelogging unit into a Toyota troop carrier
Backhoe for sump excavationand materials handling
‘.. by the end of September 2007 we will beconducting the majority of our own routineexploration activities..’
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Exploration completed
RepTEM completed in the Muckanippie, Tarcoola and Kingoonya tenementsidentifying over 340 km of prospective palaeodrainage
new uranium occurrences discoveredduring aircore drilling for ground truthing of RepTEM
magnetic and radiometric airborne surveys at Cleve, Mullaquana, anomalies bring followed up
Boothby uranium target defined by IP and bedrock geochemistry being mapped out prior to drilling.
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Kingoonya Palaeodrainage System, RepTEM
survey
UraniumSA has now identified over 350 kilometers of palaeodrainage which is know to contain roll-front style uranium mineralisation.
Much of the palaeodrainage is not apparent at surface, and the vast majority of it has never been explored for uranium.
200 km east to west, over 350km of palaeodrainage within our tenements
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KPS –
new uranium systems
Roll-front style uranium mineralisation was previously only known at the Ealbara and Warrior prospects.
Aircore drilling to ground-truth the RepTEM
data discovered uranium mineralisation in roll-front settings at two new locations
Bradman
prospect at Muckanippie
Blackoak
prospect at Kingoonya
Roll-front style uranium mineralisation has now been discovered in the Kingoonya portion of the palaeodrainage
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KPS –
Bradman
Prospect, Muckanippie
aeolian cover, dune sands and calcrete
lacustrine clays
carbonaceous and lignitic sands
mature fluvial sands
fine clayey sands and siltstone
untested thalwag
RepTEM
section 433,000E. View west, north is to the right
Scale; horizontal 5,000km between marks; vertical 100m between marks
new palaeodrainage system, new discovery of roll-front style uranium mineralisation
MKAC-023 MKAC-024 MKAC-027
New palaeodrainage system
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KPS –
Blackoak
Prospect, Kingoonya
aeolian cover, dune sands and calcrete
lacustrine clays, lignitic sand
fluvial sand and gravel, extensive pyrite
RepTEM
section 6,621,000N. View north, east is to the right
Scale; horizontal 1,000mm between marks; vertical 100m between marks
untested palaeodrainage system and new discovery of roll-front style uranium mineralisation
MKAC-023 MKAC-024 MKAC-027
KYAC-004
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KPS –
KYAC-004, Blackoak
Prospect
lacustrine clays
carbonaceous and lignitic sands, uranium mineralised
lacustrine clays
aircore chip tray 0
20
40
60
80
100
120
35 45 55 65 75 85 95
scintillometer cps
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KPS –
Tarcoola, working towards the next discovery
RepTEM
data with the interpreted maximum extent of the Kingoonya Palaeodrainage System overlain
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KPS –
Tarcoola, neighbors actively exploring
RepTEM
data with the interpreted maximum extent of the Kingoonya Palaeodrainage System overlain
Warrior Prospect
AEM survey which traces the palaeodrainage into our tenure
Ealbara Prospect
AEM survey which traces the palaeodrainage into our tenure
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KPS –
Tarcoola, well defined systems
RepTEM
data with the +30m isopach
of palaeodrainage sediments overlain
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KPS –
Tarcoola, good data, excellent targets
RepTEM
data with the interpreted flow-lines within the palaeodrainage
Priority targets for exploration –
mixing zones within the palaeodrainage where there is potential for a combination of permissive facies and favorable physiochemical conditions
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Eastern Eyre Peninsula, real targets
Mullaquana1.
uranium in roll-front systems within the Kanaka Beds (Pirie Basin).
2.
uranium-base metals in basement
Cleve1.
Boothby Prospect, unconformity footwall uranium-copper system
2.
uranium in structures associated with granites and metasediments
Tumby Bay1.
uranium mineralisation in young drainage systems
2.
uranium mineralisation of the Hospital Prospect style
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EEP -
Cleve, Boothby Prospect
Outcrop of Blue Range Beds (and inferred extents) unconformable on basement.Between outcrops, erosion has exposed basement below the unconformity.
Boothby Prospect –
coincident IP and bedrock geochemical anomaly.Located in basement rocks below the eroded unconformity, it is considered an excellent prospects for a footwall uranium-copper system
Unconformity footwall style of uranium mineralisation
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EEP -
Cleve, Boothby Prospect
Boothby Prospect –
clear, strong geophysical and geochemical anomalies
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EEP -
Mullaquana
Kanaka Beds, Pirie Basin –
uranium at the redox
interface
inland edge of upper sand and sediment sequence (blue)
inland edge of marine limestone unit (brown)
inland edge of sub-limestone sand/lignite unit (green)
interpreted inland edge of redox
front within the sand/lignite unit (red)
location of historic hole PP 15 with redox
cell (yellow star)
proposed rotary mud exploratory drill holes (black diamonds)testing over 20km of the prospective redox
front
Drilling scheduled to commence Monday 12th
November, 2007.
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Native TitleCommenced Part 9B process
First Heritage clearance visits scheduled 21st
November 2007
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The year ahead
in control of our destiny -
working with our equipment and skills to discover uranium
Continuous drilling anticipating an average of 2,500m and/or 25 holes completed and logged each month. Objective is a minimum of 300 exploration holes in the next year.
Drilling commencing commissioning the rig and exploring the redox front inat Mullaquana the Kanaka Beds.
Focus - Tarcoola drilling to locate channel thalwags and identify prospective environments - high probability of discovery.
Follow-up - Kingoonya systematic follow-up of the newly discovered uranium anomaly - high probability of discovery
Follow-up - Muckanippie systematic follow-up of the newly discovered uranium anomaly - high probability of discovery.
Boothby Prospect to drilling defining a target for drill testing - high quality target.For
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‘…
building on a foundation of positive results our secondyear of operation will see majoradvances towards discovery …
‘
Kingoonya Palaeodrainage
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