The theory for Alligator Energy's uranium discovery was this.
Hiltaba Granite which makes up the Gawler Ranges and surrounding area is very rich in Uranium.
As the Granite wears, uranium is released and is quickly dissolved and carried through rivers and streams to the ocean..
Uranium however comes out of solution when it hits Carbon/Graphite.
So we have Uranium Rich Granite (Source Rock), Graphite (Redox Boundary)
Go drill on the edges of the Graphite and you might find uranium!
Apparently when Jungle Dam was discovered they were looking for Unconformity Style of Uranium.
With Alligator Energy finding it in Paleo Channels, this changes the exploration technique.
They will now be looking for gravity lows, ancient subtle faults in the graphite, and pools of ground water.
- Forums
- ASX - By Stock
- LML
- Ann: Uranium drilling campaign accelerated at Jungle Dam prospect
Ann: Uranium drilling campaign accelerated at Jungle Dam prospect, page-6
Featured News
Add LML (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.001(7.69%) |
Mkt cap ! $14.39M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $15.51K | 2.365M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 3185674 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 22512950 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 3154000 | 0.006 |
22 | 9835776 | 0.005 |
19 | 13037749 | 0.004 |
10 | 18078883 | 0.003 |
5 | 7399980 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 22512950 | 16 |
0.008 | 5169681 | 8 |
0.009 | 4124286 | 3 |
0.010 | 1500000 | 1 |
0.011 | 1470250 | 2 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
Featured News
LML (ASX) Chart |