Highlights

Background

The Bremer Basin Project uranium project area covers sedimentary sequences flanking the southern margin of the Yilgarn Craton. The area is considered prospective for ‘Roll Front style uranium’ with similar geology to that hosting the Lake Frome (South Australia) and Mulga Rocks (Western Australia) uranium deposits.

Recent Work

An airborne Helicopter Electro-Magnetic (HEM) survey of approximately 1,000 line kilometres was completed over 1,740km2 of Uranex’s tenements in southern Western Australia.

Interpretation of the data delineated a lignire-rich buried palaeochannel system with the main channel extending for over 130km through the tenements.  The channel varies from 1.5 to 5.0km in width and has a maximum depth of 150m.

Access and Line clearing of approximately 200 kilometres was completed in September.

Future Work Planned

Anthropological site clearance is scheduled to be completed in late October.

RAB Drilling will commence in November on lines across palaeo-channels previously defined by an airborne electromagnetic survey.  Approximately 2,000 metres of drilling will target potential shallow lignite hosted uranium mineralisation and roll front / blanket style redox controlled mineralisation deeper in the palaeo-channels.