The Ngalia Basin project tenements cover an area of 5,748sqkm of terrain considered prospective for sandstone paleochannel style uranium mineralisation located within and marginal to the Ngalia Basin, 300km west-northwest from Alice Springs.
There are several strong radiometric targets covered by these application areas, with the largest tenement hosting a 3.62km strike by 2.69km width anomaly similar to that on the Cappers Deposit (inferred resource 3,200t of U3O8, averaging 137 ppm U3O8) to the east.
Gravity surveys over granted EL24808, Cusack’s Bore, have strongly indicated the presence of significant paleochannels similar to those reported by other companies exploring in the Ngalia Basin (refer Figures 7 and 8), and proximal to the Bigrlyi uranium deposit (9 km NW of EL24808).
The Bigryli deposit consists of 15 separate anomalies over a 14km strike length. The deposit is reported to contain a resource of 12,230t uranium oxide (U3O8) and 13,980t of vanadium oxide (V2O5).