AVL 0.00% 1.6¢ australian vanadium limited

i want to know more about the uranium assets, page-5

  1. 1,263 Posts.
    Bootleg, Lake Maitland East + West are both gone, Yanrey is gone, Money Shoall is gone and Gumadeer is also gone (gone to RIO.....hahaha, couldn't resist...no really, RIO Tinto has it now)

    One of my last posts about YRR's share of Nowthanna was moderated. They do have a resource but IMO it is less than they have previously stated. I have a pretty good track record and will still back myself on that.....but we will see. Hopefully the desktop review conducted by...whomever...will let us know.

    As for the MLA at Nowthanna, well it was applied for over 10 years ago and has not yet been granted. It would appear there is an issue here that needs sorting, hopefully they are on to it. No surprises that it is an MLA, nothing new here....its been like that for as long as I can remember.

    With the interest in EME and the Bigryli deposit, Turners Dome may come into focus. While our tenement is adjacent to Bigryli, it is not exactly along strike from it, nor is covering the same major geology that hosts the deposit. We may have some targets over some interpreted paleochannels etc blah blah...again more work needed to see what we have there.

    EME has quite a bit of this ground stitched up but others players include Deep Yellow, Thundelara and Cauldron Energy. Cauldron (ex Scimitar) has some pretty good ground in general IMO. We also have some ground adjoining Cauldron further east of Bigryli.

    YRR's main area is adjoining EME's northern boundaries adjacent to the Bigryli Deposit while THX is adjoining immediately south of EME and the deposit. Therefore they represent 2 likely candidates for some sort of corporate activity in the future from any moves involving EME.

    I can see a number of JV opportunities here and believe it to be essential for YRR to follow that path considering their large number of projects and the burden of 100% explortion costs associated with them.

    Nowthanna is very much a hidden gem for YRR and there is already a chinese ownership in the deposit. It has a JORC resource proven already and as such is their most valuable Uranium asset IMO. Their other uranium projects have a long way to go before they can prove their worth.

    More info as time permits.
 
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