Ngalia Basin Uranium Project
Prospective for sandstone hosted & palaeo-channel uranium / vanadium mineralisation
The Ngalia Basin Project lies approximately 300 kilometers northwest of Alice Springs and comprises 8 exploration licenses totaling 4,773km2, six of which are situated wholly within Aboriginal Freehold Land represented by the Central Land Council (CLC).
The project is considered highly prospective for both Tertiary-style (palaeo-channel) and Bigrlyi-style (tabular sandstone) uranium mineralization.
Limited historical exploration has been completed within granted tenure (EL 32080 & EL 24808) and drill ready targets prospective for Sandstone hosted & palaeo-channel uranium/ vanadium mineralisation has been identified.
Previous explorers discovered anomalous uranium values while drilling a 15km long section of paleochannel at the “Afghan Swan” prospect along with additional targets (Y-206 & Y-66) – ready to be drill tested once the program of work (POW) is approved.
Oz Yellow Uranium Ltd intends to hold an extensive exploration program over the uranium-rich and under-explored central portion of the Ngalia Basin Uranium Mineral Field.
Current published JORC resources within the Ngalia Basin as quoted in the Northern Territory Geological Survey Fact Sheet, October 2021 (https://resourcingtheterritory.nt.gov.au/minerals/mineral-commodities/uranium) include:
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Malawiri Deposit: Energy Metals Ltd 0.42 Mt @ 0.13% U3O8
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Walbiri Deposit: Energy Metals Ltd 10.9 Mt @ 0.064% U3O8
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Cappers Deposit: Energy Metals Ltd 22.0 Mt @ 0.015% U3O8
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Angela Deposit: Marenica Energy Ltd 10.7 Mt @ 0.13% U3O8
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Napperby Deposit: Core Lithium Ltd 9.5 Mt @ 0.038% U3O8
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Bigrlyi Deposit: Energy Metals Ltd 7.5 Mt @ 0.13% U3O8, 0.12% V2O5
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