Ann: Acquisition of the Yarramba Uranium Project, page-26

Latest uranium review results from Marmota Limited's Bridget Prospect (ASX release dated 19 February 2024, see post #:72475639).

Marmota Limited announced this morning the results of the Yolanda Prospect project review by uranium specialist Mark Couzens [who recently joined Koba Resources Limited as its 'Exploration Manager - Uranium].

The main uranium-bearing palaeochannel seen at Yolanda is the Eyre Formation palaeochannel located just above or eroding into the underlying Willyama Basement similar to those seen in the Saffron Uranium Deposit.

The highest uranium grades seen in the Yolanda Prospect are associated with floodplains on the edges of the main palaeochannel.

Uranium mineralisation was also identified in the weathered basement and basement in numerous drillholes, especially in close proximity to the palaeochannel. This mineralisation seems to be unique to Yolanda since it wasn’t seen at Saffron or Bridget.

The basement at Yolanda was often noted to be a sandstone unit, in contrast to the dominant chlorite schist and albite altered igneous basement seen at Saffron and Bridget.

What this suggests is that there is a large volume of uranium-rich fluid moving through the Yolanda palaeochannel and that these uranium-rich fluids are entering the porous sandstone unit on the edges of the paleochannel where uranium is being precipitated.


Note: the Yolanda Prospect is to the southeast of the Honeymoon uranium mine, on the same formations that go into Havilah's exploration tenements that Koba has signed binding agreements for re: exploration for Cenozoic age sand-hosted uranium.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.