Uranium in the Kurupung Batholith has the geological characteristics of a class of sizeable deposits known as “albitite-hosted" uranium, many of which contain resources in the 60 to 130 million pound range and comparable grades around 0.1% U3O8, including Canada’s Michelin, Australia’s Valhalla, the United State’s Coles Hill and Brazil’s Lagoa Real deposits1. Field work is continuing with the goal to identify new targets for scout drilling that could add to our pipeline of mineralized structures for infill drilling and illustrate that the Kurupung uranium system could be of comparable size to peer deposits.
click on bold yellow target areas for details
1 Kurupung Project - assays from the multiple structures defined so far may contain a conceptual target of 13-18 million tonnes grading 0.08% to 0.10% U3O8 (for an estimated 30-35 mlb) including the initial NI 43-101 resource.
2 Albitite-hosted deposits worldwide (see Disclaimer)