Ngalia Uranium, REE, Critical Metals Projects, Northern Territory (SBR 80%)
The Company holds >1,000km2 tenement package in the Ngalia Basin Uranium Province and southern Arunta Block, 300km north-west of Alice Springs in the Northern Territory (see Figure 1 below).
The Ngalia Basin is one of the most highly prospective and accessible uranium areas in Australia – being in an area strongly supported by the Northern Territory Government for uranium exploration and development, and the majority of the tenements on well accessed pastoral leases with open woodlands ideal for exploration.
The Company is primarily targeting roll-front/tabular sandstone-hosted deposits at Dingo within the Carboniferous-aged Mt Eclipse Sandstone (MES), similar to other uranium resources in the region such as the Bigrlyi uranium deposit (Mineral Resource: 6.32Mt @ 1,530ppm U3O8, 960ppm V2O5 ASX:EME).
Figure 1: Location of tenements in the Ngalia Basin and Arunta Block of the Northern Territory
Highly anomalous REE and critical and precious metals results have been produced in three new target areas at Dingo – Dingo East, Rankins North and Roadside (see Figure 8). Highlighting potential for these types of deposits which occur in the region (e.g. Nolans Bore REE deposit, resource 56Mt @ 2.6% TREO including 26.4% NdPr/TREO, see Figure 1).
These targets on the Dingo project planned for follow-up include a 5km strike-length x 1km wide Total Rare Earth Oxide (TREO) anomaly (>180ppm TREO), at Dingo East associated with faulted pegmatites which previously produced strong REE rockchip results of up to 1,283ppm and 1,365ppm TREO, and strongly anomalous REE rockchip results from the Roadside Target of up to 1,657ppm TREO.
High critical metals auger-soil results of up to 1.22g/t gold, 1.2% lead, 170g/t copper (Cu) and rockchips up to 57.5g/t bismuth (Bi), 222 g/t Cu were produced from the Rankins North Prospect (see Figure 2).
Further work planned on these projects will include aircore drilling to follow-up the high REE results from Dingo East and Roadside and high-grade critical and precious metals-bearing skarns at Rankins North.
Aircore and/or RC drilling is also planned to test soil covered strong IP chargeability anomalies at Eclipse 1, located within a corridor extending 4km northeast of the excised tenement containing the Camel Flat Inferred Mineral Resource (211,300t @ 1,384ppm U3O8 – see Figure 2). The IP anomalies may represent eroded carbonaceous/sulphidic horizons in the Mount Eclipse Sandstone (MES) (host of the Bigrlyi and Camel Flat uranium deposits).
Figure 2: Dingo Project showing uranium, REE and critical/precious metals and uranium prospects
Figure 3: Dingo Project, auger soil and rockchip sampling copper results with prospect locations on radiometrics
Other tenements across the boundary of the Ngalia Basin and the Proterozoic Arunta Block to the north, are targeted for base and precious metals as well as uranium and REEs, including the now granted EL34161, immediately south of the Mt Hardy Cu-Zn-Pb-Ag resource (see Figure 1 and 2).
The Lake Lewis Project is located on the southern margin of the Ngalia Basin, approximately 150km southeast of the Dingo Project (see Figure 1). The Lake Lewis Project is highly prospective for calcrete uranium-vanadium mineralisation hosted by palaeo-channels analogous to the neighbouring Napperby Inferred Mineral Resource of 9.54Mt at 382ppm U3O8.
