Energy Metals grows uranium

A MAIDEN resource for Energy Metals’ Walbiri uranium project has confirmed it as the third-largest deposit in central Australia.
Energy Metals grows uranium Energy Metals grows uranium Energy Metals grows uranium Energy Metals grows uranium Energy Metals grows uranium

 

MiningNews.Net

Walbiri has an inferred resource of 7037 tonnes of equivalent uranium oxide at 641 parts per million, using a 200ppm cut-off.

The deposit had an earlier historical resource of 4789t uranium oxide, estimated in 1976.

Energy Metals said the resource made Walbiri the third-largest uranium deposit in the southern Northern Territory after Paladin Energy’s Angela deposit (13,980t) and the company’s own Bigrlyi deposit nearby (12,230t).

The company is looking into a joint development of Bigrlyi and Walbiri.

Small inferred resources were also announced for Bigrlyi satellite deposits.

The Sundberg deposit has a resource of 260t equivalent uranium oxide at 259ppm, while the Hill One deposit has a resource of 159t at 321ppm.

Energy Metals is confident of further growing resources in the area and will conduct additional drilling.

 

Shares in Energy Metals were untraded at A9.2c yesterday.