Morning Trading Aug 22, page-149

Uranium -  EPM



Liverpool Uranium

Five exploration tenements of the Liverpool project cover 1,464 square kilometres of land prospective for uranium, vanadium, platinum, palladium and gold. The project is prospective for unconformity-style uranium deposits similar to Ranger, Nabarlek and Jabiluka uranium deposits, in the same geographical district, which are internationally recognized.



Uranium Prospects in the Liverpool Uranium Project


The company has conducted preliminary ground investigations in the Devil’s Elbow area. Reconnaissance radiometric results returned radiation counts up to 24,100 cps. Sample analyses returned 1,720 ppm, 1,210 ppm and 3,300 ppm of uranium. The Devil’s Elbow area has been previously explored by international uranium mining companies, Uranerz and Cameco Australia Pty Ltd and is adjacent to tenements held by Rio Tinto.

Ngalia Basin Uranium Project


The Ngalia Basin Uranium Project of Eclipse Metals, which covers an area of approximately 7,550 square kilometres, is prospective for sandstone paleochannel-style uranium and vanadium mineralisation. The project is located 300 kilometres northwest of Alice Spring in an area of known and measured uranium deposits.

In June 2021, Eclipse Metals announcements included the analysis of historical exploration results of the mineralization in the Ngalia Basin tenements. The historical assays returned highly anomalous uranium, vanadium and strontium mineralisation, hosted in shallow paleochannels over a strike length of up to 11 kilometres, with widths of 800 metres to 2.8 kilometres.

Eclipse Metals has been conducting further research and interpretation of several radiometric anomalies to locate other shallow mineralization zones within the licensed area.