3. Moodong Well UraniumThe Moodong Well prospect is located in...

3. Moodong Well Uranium
The Moodong Well prospect is located in the Ashburton Mineral Field near Nanutarra and is about 1,250
kilometres north of Perth. Since balance sheet date, the Company has been advised by the Department of
Industry and Resources that the tenement is ready for granting.
The tenement area covers 19 graticular blocks, including the area of mineral claims once held by Afmeco Pty
Ltd, who carried out an exploration program in 1974-75, reporting¹ a Metamorphic Suite, consisting of pelitic
sediments with some calcareous units, metamorphosed to upper greenschist-lower amphibolite facies with
zones of granulite facies (amphibolites). The suite has been affected by migmatization and retrograde
metamorphism. This sequence is intruded by granitoids and unconformably overlain by Middle Proterozoic
sandstones of the Bangemall Group.
Several anomalous environments were found.
• Hematite, magnetite and gossanous veins containing minor barite and malachite had best assays of 1300
ppm uranium, 1.5% copper and 800 ppm lead;
• Silicified shear zones had a best assay of 880 ppm uranium;
• Sheared, weathered ferruginised rocks with up to 140 ppm uranium;
• Mineralized mafic rocks in pegmatite gave 470 ppm uranium and 240 ppm copper.
Review of data will be undertaken by the Company and a preliminary reconnaissance program will be
planned during the next quarter.
¹ Mundong Well uranium exploration, 1974–1975, Afmeco Pty Ltd

from AR