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Energy Metals Ltd.
Summary
| Project: | Malawiri | |
|---|---|---|
| Deposit: | Malawiri | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 12/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-12-2017: Energy Metals Ltd. announces a Resource Estimation report for its Malawiri deposit at the Malawiri project. Initial mineral resource estimate for Malawiri. Energy Metals Limited (ASX: EME) is pleased to advise that a uranium resource estimate | |
| Resources: | (Resource, Inf): 421.3Kt @ 1288ppm U3O8 for 542t U3O8 contained | |
| CP/QP: | [Resources]: Dmitry Pertel, Maxim Seredkin (CSA Global Pty Ltd.) | |
| ABSTRACT: | Energy Metals Limited (ASX: EME) is pleased to advise that a uranium resource estimate has been obtained for the historic Malawiri deposit, located 30 km by road from Tilmouth Well in the eastern Ngalia Basin, Central Australia (Figure 1). The deposit lies on granted tenement ELR41 which is a joint venture between EME (52.1%) and Northern Territory Uranium Pty Ltd (NTU: 47.9%) with EME as operator of the JV. The Malawiri deposit was discovered in 1980 by Central Pacific Minerals (CPM) following the discovery of the adjacent Minerva deposit by AGIP in 1978. Historical exploration work, including the drilling of 22 exploration holes, was carried out by CPM in the period 1980 to 1982. EME acquired CPM’s interest in the project in 2005, including all historical exploration records and drill core materials. The Ngalia Basin, which is some 12,600 km2 in size, is recognised as one of the Northern Territory’s significant and most prospective uranium provinces (JSU Ngalia Basin Uranium Mineral System Project, Northern Territory Geological Survey, Record 2012-003). In 2014, EME began a program of systematic documentation and evaluation of historical uranium deposits and prospects located on its Ngalia Basin tenure. Because of CPM’s meticulously kept historical exploration records, it was recognised that these data would be of sufficient quality for JORC-compliant resource estimation purposes provided certain geological criteria were met. In 2016, EME drilled a rotary mud/ diamond core hole at Malawiri, MARD004, between CPM drill lines where mineralisation was previously encountered. The purpose of the hole was to confirm the continuity and tenor of historically known mineralisation as well as provide core materials for geochemical and geotechnical test-work including bulk density. The results of the 2016 drilling program, which were consistent with historical results, were announced to the ASX on 27th September 2016. A review of available data by EME’s resource consultants CSA Global Ltd confirmed that appropriate criteria were met to permit resource estimation work at Malawiri to proceed. | |
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