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METALS AUSTRALIA LTD — Interim / Quarterly Report 2013
Jan 29, 2014
65344_rns_2014-01-29_61324f40-be3c-49fd-9753-8737f32eaad3.pdf
Interim / Quarterly Report
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QUARTERLY A CTI V ITIES REP O RT fo r the p e riod e n ded 3 1 Dece m ber 2 0 13
H I G H L I G H T S
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N A M I B I A U R A N I U M E X P L O R A T I O N
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Program of 39 RC drillholes completed for 3,763m in a campaign of widely-spaced drilling completed.
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Primary Rössing-style uranium mineralisation is confirmed to be hosted by alaskitic pegmatites at Mile 72 in the Namibian Uranium Province.
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All assays received. 38 Significant Intercepts identified from 19 holes, including an intercept of 1m@3,407ppm U3O8 in MSRC0042 and 3m at 265ppm U3O8 from 12m and including 1m at 572ppm U3O8[. ]
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Multiple anomalous uranium-mineralised zones show strike continuity in drilling and trenching of up to 2km.
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Uranium mineralisation identified adjacent to zones of significant surface enrichment, providing strong vectors for further exploration.
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Primary mineralised zones have been identified under radiometrically dead areas of sand cover but corresponding to known Radon Cup anomalism. This opens much of the licence to further exploration.
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Follow-up Drill program drill planned for March 2014 Quarter to define extent of uranium mineralisation at Mile 72.
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A U S T R A L I A N E X P L O R A T I O N
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Manindi Base Metal Project (WA) geological and resource review commenced.
1 Si g nificant Intercept being 1 m>50ppm U 3O8
Metals Au s tralia Ltd ( A BN 38 008 982 4 74)
www. m etalsaustrali a .com.au
1[st] Floor, 8 Par l iament Place, W e st Perth, WA 60 0 5 ▪ PO Box 161 8 , West Perth, W A 6872 ▪ t: +61 8 9 481 7833 ▪ f: +6 1 9481 7835 ▪ e: m ls@metalsaustr a lia.com.au
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U R ANIUM PROJEC T S, NAM IBIA
The Mile 72 Ur a nium Proje c t is a large uranium pr o spect on the coast of N amibia, no r th of the c ity of Swa k opmund (Figure 1). Som e of the hig h est worldwi d e uranium g rades in rec e nt times have been re c orded in outcrop and i n shallow pits. Uranium mineralisation on surface at Mile 72 o ccurs as sec o ndary carnotite within gypcrete, and importantly, as carnotite in the alaskite units.
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Dur i ng the quar t er, Metals finalised the i nitial drill te s ting of a seri e s of well-d e fined target s , completin g a program 39 holes for 3 ,963m of R C drilling. T h e program s uccessfully identified pri m ary Uraniu m mineralis a tion in alaskite rocks, r ecording geo l ogically sig n ificant ura n ium in 19 h oles of the 39 hole Figure 1 – Lo c ation of the M pro g ram. Furth e r explorati o n is now planned a s Metals Project, Namib i a. con t inues to fo c us on its t a rget of ide n tifying a la r ge highton n age moder a te grade pri m ary deposi t of a similar style to the Rössing an d Husab mines to the s outh.
Figure 1 – Lo c ation of the M ile 72 Uraniu m Project, Namib i a.
DRILLING PROGRAM CO M PLETED
Dur i ng the qua r ter Metals s uccessfully completed a n initial ro u nd of a Re v erse Circulation (RC) drilling pr o gram at its Mile 72 P r oject north of Swakop m und in Na m ibia (Figur e 1). Results from th e project su p port the al a skite-hoste d uranium m i neralisation model proposed for the Mile 72 area.
The program is the first to t e st this area for uranium mineralisation at signifi c ant depth b elow surf a ce. The p r ogram focu s ed on a s e ries of pri o rity targets testing the Damaran s c histgra n ite-pegmati t e/alaskite s equence w here it c orrelated w ith surfa c e geoche m ical, radi o metric, and aeromagnetic anomalie s .
The first-pass p rogram ai m ed to ass e ss the pot e ntial for R ö ssing-style primary uranium min e ralisation. T he program comprised 3 9 widely s p aced RC drillholes for 3 ,763m of dr i lling, test i ng to a max i mum level o f 85m belo w surface (1 0 0m downhole).
The primary objective of thi s initial prog r am was ac h ieved, with the identific a tion of zon e s of ura n ium-enrich e d schist-granite-alaskite rocks pres e nt and sho w ing signific a nt strike e x tent, in t h e upper 85 m at Mile 72.
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Figure 2 - C o llar locations f o r recent drillho l es at Mile 72 ( S outhern Area)
FIN A L ASSAYS RECEIVED
The final outst a nding assa y results fr o m the prog r am have now all bee n received by the Co m pany. Signi f icant inters e ctions are shown in Ta b le 1. Intersections not p r eviously rel e ased (AS X Release 21 Novembe r 2013), are i ncluded in t h is report and explained in further d e tail in Appendix 1 of t h is release. T he drillhole l ocations ar e shown in Figures 2 an d 3.
The drilling at M ile 72 during the quart e r has confi r med the pr e sence of al a skitic peg m atite roc k s in a seq u ence of s c hist-granite-pegmatite ( a nd alaskites). Younge r dolerite ( m afic) intr u sions occur throughout t he area an d their prese n ce is noted as importa n t, as these m afic intr u sions often o ccur adjac e nt to zones of alaskitic p egmatite.
Table 1 shows 3 8 significan t intercepts o f uranium e n richment, w ith “signific a nt” being defined as U 3[O] 8[ laborat] [o] ry assay gr a des of gre a ter than 50 p pm U3O8. It is notable t h at some primary ura n ium mines c urrently stockpile mate r ial above 7 0 ppm U3O8, meaning int e rsections above this value can b e considere d important.
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The most signifi c ant assay i n tercepts re c eived to date include: 3m at 1,192ppm U3O8 in MSRC0042 from 13m, including 1m at 3,407ppm U3O8
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6m at 158ppm U3O8 in MSRC0031 from 9m , including 3m at 265ppm U3O8 from 12m and including 1m at 572ppm U3O8
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3m a t 106ppm U 3[O] 8[in MSR] [C] 0004 from 11m, including 1m at 14 1 ppm U3O8 3m a t 102 U3O8 in MSRC00 4 3 from 45 m , including 1 m at 147p p m U3O8 3m a t 96ppm U 3 O8 in MSR C 0009 from 32m , includi n g 1m at 15 9 U3O8 3m a t 88ppm U 3 O8 in MSR C 0001 from 9 6m, includi n g 1m at 10 6 ppm U3O8 7m a t 82ppm U 3 O8 in MSR C 0026 from 2m , includin g 2m at 144 p pm U3O8 5m a t 104ppm U 3[O] 8[in MSR] [C] 0032 from 3m, includin g 2m at 165 p pm U3O8 4m a t 81ppm U 3 O8 in MSR C 0035 from 43m, includin g 1m at 124 p pm U3O8
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The s e results s h ould be vie w ed in conju n ction with F igures 2 an d 3.
The results co n firm the pr e sence of u ranium-enri c hed horizons within t h e schist-gr a nitepeg m atite/alask i te sequenc e observed at Mile 72. These ele v ated levels of uraniu m are stro n gly suppor t ive of the C ompany’s p rimary min e ralisation model that w a s tested b y this drilling program.
The Company logged th e drill chip s and use d several m ethods of uranium g rade det e rmination i n the field i n order to s e lect sampl e s for labor a tory submi s sion. An R S 125 Spectrometer was used to e stimate ea c h metre gr a de of uranium in ppm, and a han d held XR F used to c onfirm the spectromet e r results. T he sample intervals t h us selecte d as ano m alous wer e then sent t o an analyti c al laborator y for assay.
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Table 1: U3 O 8[ values deter] [m] ined by X-Ra y Fluorescence Spectrometry. * Denotes a pr e viously releas e d result (ASX: 2** 1 November 2013)
| Hole ID | Collar coo rdinates |
Hole directio n |
Hole directio n |
Intercept | Intercept | Intercept | Com ments |
|
|---|---|---|---|---|---|---|---|---|
| Easting Northing |
U3O8 8 |
Com ments |
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| Dip | Azim uth |
F | T | I l |
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| rom | o | nte rva |
ppm | |||||
| (mag ) |
||||||||
| MSRC0001* | 408396 7581389 |
-60 337 |
96 98 3 |
88.3 | ||||
| MSRC0002* | 408560 7581275 |
-60 337 |
92 99 94 100 2 1 |
53 59 |
||||
| MSRC0042* | 408561 7581277 |
-60 157 |
0 13 20 29 40 68 1 16 21 30 41 70 1 3 1 1 1 2 |
50 1192.6 59 53 59 53.5 |
Incl 1m @3407ppm |
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| MSRC004* | 409045 7580937 |
-50 157 |
11 1 13 5 3 4 |
106 69.3 |
Incl 1m @141ppm |
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| MSRC0005* | 408166 7581062 |
-50 157 |
0 3 3 |
60.6 | Incl 1m @165ppm |
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| MSRC0043 | 408549 7581046 |
-50 337 |
6 17 23 45 57 8 18 24 48 61 2 1 1 3 4 |
62 59 94 102 44 |
Incl 1m @147ppm |
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| MSRC0006* | 408608 7580996 |
-50 337 |
3 27 4 28 1 1 |
59 83 |
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| MSRC0008* | 408104 7580644 |
-50 337 |
7 8 1 |
77 | ||||
| MSRC0009* | 408690 7581190 |
-50 337 |
6 24 32 88 9 25 35 89 3 1 3 1 |
70.6 71 96 83 |
Incl 1m @159ppm |
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| MSRC0023* | 407234 7580249 |
-50 325 (tr ue) |
28 48 29 49 1 1 |
59 77 |
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| MSRC0024* | 407516 7580294 |
-50 325 (tr ue) |
20 76 21 77 1 1 |
88 77 |
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| MSRC0026* | 413767 7585928 |
-50 122(tr ue) |
2 9 7 |
82 | Incl 2m @144ppm |
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| MSRC0027* | 413689 7585982 |
-50 122(tr ue) |
1 8 6 |
65.8 | Incl 1m @100ppm |
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| MSRC0031* | 409533 7581703 |
-50 122 (tr ue) |
9 14 6 |
158 | Incl 3m@ 1m@ 265ppm and 572ppm |
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| MSRC0044 | 408279 7581227 |
-50 157 (m ag) |
1 2 1 |
112 | ||||
| MSRC0045 | 408647 7581508 |
-50 157 (m ag) |
28 29 1 |
71 | ||||
| MSRC0027 | 413689 7585982 |
-50 122 (tr ue) |
1 7 6 |
66 | ||||
| MSRC0032 | 409263 7581156 |
-50 133 (m ag) |
3 2 47 8 29 48 5 5 1 |
104 75 59 |
Incl 2m Incl 1m @165ppm @153ppm |
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| MSRC0035 | 408530 7581190 |
-50 157 (m ag) |
43 47 4 |
81 | Incl 1m @124ppm |
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Figure 3- Map of t h e Trends identified during firs t pass drilling at Mile 72, also showing distribu t ions of sedimentary depres s ions and platfo r m cover.
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VE R TICAL A N D HORIZ O NTAL C O NTINUIT Y OF UR A NIUM A N OMALISM IN PE G MATITES C ONFIRME D
The drilling all o wed identi f ication of a number of key relationships, i n particular, the con s istency an d significant s trike exten t of the ano m alous peg m atite/alaski t e zones th u s far ide n tified.
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Figure 4 sh o ws at least 3 zones ide n tified durin g the current program fr o m a combination of drilling a n d trenching . These zon e s extend o v er a strike length of be t ween 400 m and 1,800m and are open-e n ded. The d r illing has al s o confirmed the predict a ble nature o f the uranium-en r iched zone s along stri k e and at d e pths of up to 85m bel o w surface (See Table 1). T his predict a bility is of great use in explorati o n planning and, ultim a tely, resource es t imation.
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This strong continuity o f mineralis e d zones is highly enco u raging. Alt h ough the zones intersected t hus far app e ar narrow a nd the grad e s variable, t here is muc h scope for m ore zones to be identified, a s well as for the existing zones to be c ome signifi c antly wider. This latter opportunity is con s idered highl y plausible a s it would e x plain the si g nificant am o unts of uranium i n surface g y pcrete at M ile 72, havi n g reported some of th e highest surface uranium grades of any p roject globa l ly.
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Figu r e 4 – Locatio n of deeper RC drilling at M ile 72 (red d a shed outlines). Drilling has intercepted ala s kite-hosted u r anium mineralis a tion in several drillholes, de f ining a series of uranium tr e nds up to 2 k m long. The trends are buried by sediment a ry cover, whe r e they corres p ond to areas o f Radon Cup anomalism. A large proportion of the Rado n Cup anomalie s remain untest e d by drilling.
NE W EXPLOR A TION VEC T ORS IDEN T IFIED
The drilling has allowed the identificatio n of new ke y geological relationship s . Many of these rela t ionships ar e undergoin g further scr u tiny, but so m e of the more concrete o nes includ e :
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Uraniu m is enriched in alaskitic p egmatites.
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Mineralised alaskiti c pegmatite s continue a t depth and correlate w i th mineralisation observed in trenche s at surface.
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Enriche d alaskitic p egmatites a re usually spatially a s sociated w ith later dolerite dykes. T hese dykes can be easi l y detected m agnetically in the subs u rface.
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Uranife r ous gypcret e accumula t es in topog r aphic depr e ssions (pa n s) that are likely fed fro m a nearby subsurface uranium s o urce. Gyp c rete-rich p a n distributi o n is therefor e in part a r e sult of urani u m distributions in the s u bsurface.
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Areas of cover (Fig u res3 and 4 ) completely obscure subsurface mi n eralisation. This is the c a se between outcrops al o ng strike fr o m the curr e nt results. I t is also the case over a v ast area n o rtheast of the outcrop p ing Kudu-I m pala zone o f mineralis a tion, which r e mains to be tested.
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Uraniu m mineralisation buried b y significant sedimentar y cover has b een identifi e d by this pro g ram and c o rresponds i n all cases t o date with Radon Cup anomalism. The results of the Ra d on Cup s u rvey previously undert a ken by th e Compan y are conside r ed indicativ e of the dist r ibution of s u bsurface uranium mine r alisation. D r illing to date h as tested o nly a very s m all proport i on of the d e fined Rado n Cup anom a lism (Figure 4). Notably the results f rom Hole M SRC0031 support this p roposal. F u rther testing o f these ano m alies is re q uired.
FU R THER EXP L ORATION P LANNED A T MILE 72
Dur i ng the quar t er, the Co m pany made significant a dvances in t he geologi c al understa n ding at M ile 72. Th e drilling results indicat e the prese n ce of multi p le strike-p e rsistent horizons con t aining ano m alous ura n ium miner a lisation. Th e horizons are often b uried unde r the rela t ively shallo w cover of blanketing s ands, alluding to the p o ssibility th a t large unt e sted are a s of Radon Cup anomalism will pro v ide signific a nt addition a l opportuniti e s to expan d the exp l oration suc c ess of the c u rrent progr a m.
Foll o w-up drilli n g is being planned t o enable M e tals to se e k larger and economically sig n ificant traps for uranium mineralisati o n at Mile 7 2 .
Exploration planning is curr e ntly underw a y to initiate a follow up program to c ommence i n the Mar c h quarter o f 2014 subject to drill an d permit ava i lability. Exploration lic e nce and e n vironment a l permit u p date In a c cordance w ith Namibia n law, the C o mpany su b mitted the r e quired doc u mentation t o the Na m ibian Minis t ry of Mines and Energ y for the renewal of the Mile 72 lice n ce, EPL33 0 8 in February 2013. The Ministry has ack n owledged the Company’s early s u bmission o f the app l ication for r e newal. In t h e Company ’ s view, Met a ls has met o r exceede d all require m ents for o ngoing exploration of t h e licence area, and for e sees no i m pediments t o the rene w al of the e xploration l i cence.
The renewal of the enviro n mental per m it required for drilling w as succes s fully compl e ted, allo w ing the co m pany to co m mence dril l ing at Mile 7 2 at any ti m e, having o n ly to give notice to t h e Ministry o f its intentio n to drill.
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TH E ENGO VA L LEY URANIUM PROJ E CT
The Engo Vall e y Project ( E PL3306) is located in t he remote northwest o f Namibia i n the Skeleton Coast National P a rk. The project is locat e d close to the propose d port locati o n at Angra Fria on t h e northern Namibian c o ast. The Project is prospective for uranium lo c ated within and belo w the Karoo - age sedim e nts pre s ent on the licence. Acc e ss permits a re req u ired to visit the S k eleton C o ast National Park and there ar e no roads a nd no h abitable si t es within t h e 16,000 k m[2] par k (See Figur e 5).
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The necessary Environme n tal Cleara n ce and Access Pe r mits for En g o Valley w e re gra n ted in July 2 012.
An e xtension a p plication w a s lodged prior to t h e expiry of the licence in June 2013. The delay in gr a nting of th e environme n tal per m it was cit e d as a reason for limited wor k having been carried out. T he co m pany now a waits the d ecision of t he Min i stry on the l i cence exte n sion.
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Dur i ng the quar t er, contact w as made w ith a group of co n sultants e x ploring in t his rem o te region. The group h as logistic s in pla c e to condu c t cost effec t ive explora t ion Figure 5 – The Engo V alley licence a rea (EPL3306) and negotiation s and planni n g are being discussed, s ubject to lic e nce renew a l
BASE MET A L PROJECTS, WE STERN A USTRALIA
Met a ls currentl y holds an interest i n two base met a ls projects i n Western A ustralia (Fi g ure 6).
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The Manindi zi n c project is located aro u nd 500 km northeast of Pe r th and is b e ing explore d by Metals with a view to e x panding th e existing re s ources and exa m ining the p r oject's cop p er potential.
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The Sherlock B a y base met a l joint vent u re project is loc a ted in the Pilbara regio n and is bei n g managed and explored b y Australasia n Resource s Ltd (ARH). The project surrounds AR H ’s Sherloc k Bay nickel dep o sit.
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MANINDI ZIN C PROJECT
Figure 6 – Location of th e Western Aus t ralian base metals p r ojects.
The Manindi zi n c project i s a signific a nt resource loc a ted in th e Murchiso n District o f Western Aus t ralia, 20 km southwest o f the defun c t Youanmi g old mine.
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Figure 7 - EM and Geochemistry targets at M anindi showin g location of In k y Prospect (Si r ius Resources) Dur i ng the quarter, the Co m pany bega n a review o f the resou r ce models a t Manindi. This incl u des the foll o wing:
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A review of Mineral Resource esti m ates previ o usly undert a ken for Zi n c Mineralis a tion, with the obj e ctive of fin a lising JOR C 2012 compliant Miner a l Resource estimates i n the 2014 Calen d er Year.
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A review of cut-off gra d es and mi n eralised en v elope cons t ruction at a range of c u t-off grades.
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The investi g ation of t h e potential of the pr o ject to yi e ld new co p per and n ickel mineralisati o n. This follows a series of positive a nnounceme n ts by Sirius Resources at its adjacent In k y Cu-Ni Pr o spect (see Figure 7 a n d see Siriu s ’s announ c ement of 2 April 2013). The Inky prospect is locat e d 1km so u th of the licence bou n dary of M e tals’ M57/533, 2 k m south of t he Metals W ombat Cu- N i soil and VTEM anom a lies, and 6. 2 5km SE of the M a nindi Zn-C u -Au-Ag Re s ource.
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The inclusi o n of the seven untes t ed geophy s ical anomalies adjace n t to the k n own mineralisati o n at Manin d i which constitute attra c tive new drill targets for copper-zin c and copper-nick e l mineralis a tion.
Co p per-rich V M S deposit d iscoveries such as S a ndfire’s D o olgunna Pr o ject and C u-Ni discoveries such as Sirius’s Nova de p osit have b een found utilising si m ilar geoph y sical tec h niques in W A in the re c ent past. Manindi is lo c ated within a known mi n eralised te r rane with significant u pside potential for furth e r base met a ls discovery.
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Ma n indi Resource
The Manindi ba s e metal de p osit is a vol c anogenic m assive sulp h ide zinc de p osit, comp r ising a s e ries of len s es of mine r alisation th a t have been folded, sheared, fault e d, and po s sibly intr u ded by later dolerites a nd gabbros . The style o f mineralis a tion is simi l ar to other base met a l sulphide deposits in the Yilgarn Craton, p a rticularly G o lden Grov e to the west of Ma n indi at Yalg o o, and Teutonic Bore-J a guar in the E astern Gol d fields.
In 2 0 08, Metals delineated a JORC reso u rce, using a 1% Zinc cutoff grade, o f: 1.354 million tonnes @ 6.04% Zinc, 0.25% Copper, 3.4 g/t Silver & 0.25 g/t Gold
SH E RLOCK BA Y EXTENDED BASE ME T AL PROJE C T
The Sherlock B a y Extended project is c o mposed of two Exploration Licenc e s (E47/176 9 and E47/1770), which surroun d the main Sherlock Bay nickel deposit ( w holly owne d by Aus t ralasian Resources Ltd - ‘ARH’). T h e project is prospective for nickel, c o pper, silve r and gol d mineralisat i on (Figure 8 ).
The project is a joint ventu r e between A RH (70% interest) and Metals (30 % interest). ARH are t he manage r s of the project, with Metals being ‘f r ee-carried’ through to th e completio n of a ban k able feasib i lity study and the decisi o n to comm e nce comme r cial mining.
AR H is now c o llating all t h e data fro m the recen t sampling p rogram an d will arrive at a pro p osal to pre s ent to their b oard as to h ow to furth e r best progress the proj e ct in the coming yea r .
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Figure 8: Area s of exploratory interest set ag a inst 1:250,000 topography da t a
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G O LD PRO J ECTS, VICTORI A
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Met a ls holds tw o low impact exp l oration li c ences in western Victori a (Figure 9). The St Arn a ud South (EL 5 242) and W edderburn (EL 5 243) projects contain sig n ificant histo r ic workings that have re c eived little mo d ern and systematic exp l oration.
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The Victorian Goldfields wer e discovere d in the gold rus h es of the mid-1800s, with all signi f icant gold Figure 9 – Location of the Wedderburn and South Arna min i ng activity ceasing by Victoria. Yellow dots repr 193 0 . Government records and their dis t sho w that nu m erous gold pro s pects, m ines and occ u rrences are documente d within the l icence area s .
Figure 9 – Location of the Wedderburn and South Arna u d projects in w e stern Victoria. Yellow dots repr e sent gold dep o sits and prospects, and their dis t ribution highlig h ts the rich gol d belts of Victor i a.
Dur i ng the June quarter, no work was u n dertaken o n the Victori a n licences d ue to an intense foc u s of the C o mpany’s r e sources on drilling in Namibia an d the Com p any is cur r ently revi e wing its gold position in Victoria as it focuses its resources on its base m etal and uranium ass e ts.
For further information please contact:
Vincent Algar
+61 8 9481 783 3
Or consult our website:
w ww.metals a ustralia.co m .au
Competent Person Declaration
The i n formation in this release relating to the geology an d exploration res u lts of the project s owned by Metalls Australia Ltd is based on in f ormation compil e d by Dr Matthew Painter, who is a consultant to M etals Australia. D r Painter is a meember of The Au s tralian Instit u te of Geoscienti s ts, a Recognised Professional O rganisation by t h e Australasian Joint Ore Reservees Committee, a n d has sufficient experience r e levant to the styl e of mineralisatio n and types of de p osits under consideration and to thhe activity which i s being unde r taken to qualify as a Competen t Person as defined in the 201 2 Edition of the J oint Ore Reservves Committee (JORC) Austr a lasian Code for R eporting of Expl o ration Results. D r Painter consen t s to the inclusion in this report of thhe matters based on his infor m ation in the form and context in w h ich it appears. Forward-Looking Statements
This d ocument may i n clude forward-looking statement s . Forward-lookin g statements include, but are nott limited to, stat e ments conc e rning Metals Aus t ralia Ltd’s plann e d exploration pro g ramme and oth e r statements that are not historical facts. When use d in this docu m ent, the words s uch as "could," "plan," "estimate," "expect," "intend," "may”, "potenti a l," "should," and similar expressi o ns are forwa r d-looking statem e nts. Although M e tals Australia Lt d believes that its expectations refl e cted in these forwward-looking stat e ments are r e asonable, such s tatements involv e risks and uncer t ainties and no a s surance can be g iven that actual rresults will be co n sistent with t h ese forward-loo k ing statements.
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JO R C TABLE 1
Section 1 – Sa m ple Techniques and Da t a
| Crit eria |
Explana tion |
|---|---|
| Samp techn ling iques |
Exploration and approp (RC) drillin riffle split fo an RS125S Swakopmu All drill sam with a riffl pulveriser. solid button and analys results are bas riate qualitya g samples are r analysis. Eac pectrometer. nd for more pre ples submitted e splitter too Samples are t and analysed is are undertake ed on industry ssurance quali collected as 1m h 1m split sam Anomalous sam cise analysis. to the laborat btain a sub-fra hen preparedb by X-Ray Fluor n at Bureau Ve best practices, ty control (QAQ composite sa ple is analysed ples are subm ory are dried th ction which is y mixing witha escence Spect ritas Laborator including samp C) measures. mples through with a handhe itted to Bureau en crushed.A then pulveris special wax an rometry (XRF). y in Swakopmu ling, assay met Reverse circu a cyclone whic ld XRF analyse Veritas Laborat sample is the ed with a vib d pressing tof Sample prepa nd, Namibia. hods, lation h are r and ory in n split rating orm a ration |
| Drilli ng techniques |
RC drilling All coordina is completedb tes are quoted y a 5 ¼ inchd in WGS84 datu iameter hole d m unless othe rilled with a fac rwise stated. e sampling ham mer. |
| Drill reco sample very |
The quality the logging and use of The quality together wi basis to en precision. of RC drilling of various crite field duplicates of analyticalr th certified stan sure that results samples is opti ria designed t to measure sa esults is monit dards, duplicat are represent mised by the u o record sampl mple precision. ored by the us es and blanks ative and within se of riffle and/ e size, recovery e of internal la and statisticala acceptable ran or cone splitter and contamin boratory proce nalysis on a m ges of accurac s and ation, dures onthly y and |
| Logg ing |
All logging 1m interval a standard databasea visual valid Detailed in alterationa templates. is completed ac s and stored in Metals/Datashe nd validated. ation and interp formation on nd mineralisat cording to indu plastic chip tra d logging temp Once validate retation. lithology, sam ion are collect stry best practi ys for future ref late. The resul d, the data is ple quality,s ed in a series ce. RC drill chi erence. Loggin ting data is uplo exported to mo tructure, geote of detailed se ps are wet siev g is completed aded to a Dat delling softwa chnical inform lf-validating lo ed on using ashed re for ation, gging |
| Sub- techn samp sampling iques and le preparation |
RC sample before riffle For all sam technique i Field dupli Quality con and duplica Sample siz s are riffle spl splitting takes ple types, the s considered su cates are take trol reports are tes. es are appropri it on 1m interv place. nature, qualit itable as per in n every 20 sa undertaken rou ate to the grain als when dry. y and appropri dustry best pra mples to ensu tinely to monito size of the mat When wet, sa ateness of the ctice. re the samples r the performan erial being sam mples are drie sample prepa are represen ce of field stan pled. d out ration tative. dards |
| Qual data tests ity of assay and laboratory |
The sampl been by cr required, t pulveriser. Samples a and analys Field Stand standardsa the size of es have been ushing the wh o obtain a 3k re then prepare ed by X-Ray Flu ards and Blan nd blanks atr the batch. sorted, dried,c ole sample. Th g sub-fraction d by mixing wit orescence Spe ks are inserte andom interval rushed and pu e samples hav which has th h a special wax ctrometry (XRF d every 10 sa s, but severala lverised. Prim e been splitw en been pulve and pressingt ) to determine mples. Labora re inserted per ary preparatio ith a riffle spli rised in a vib o form a solidb U and Th conte tory inserts its batch regardle n has tter, if rating utton nts. own ss of |
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| Verif samp assa ication of ling and ying |
All significa before rele No adjustm raw origina All data is validations nt interceptsa ase to the mark ents are made l format. validated usin are then carried re revieweda et. to the raw ass g the QAQCr out by senior nd confirmed ay data. Data reporter valid staff members. by at least thr is imported di ation tool with ee senior pers rectly to Datash Datashed.V onnel ed in isual |
|---|---|
| Loca point tion of data s |
Holes ares by a licence et out using ah d surveyor on andheld 12 ch completion of th annel GPS. Ac e hole. curate collar loc ations are pick ed up |
| Data distr spacing and ibution |
Data spaci deposit typ the approp ng and distribu e and style und riate data spaci tion used to de er considerati ng and density termine geolog on. Where am is decided and ical continuity ineral resource reported by the is dependento is to be estim competent per n the ated, son. |
| Orien in rel geolo struc tation of data ation to gical ture |
Orientation structuresa If structure to the gene If the relat structures reported if Drilling isa known inte of sampling is nd interpretatio and geometry ral strike of stra ionship betwee is consideredt considered mat t an angle to su rpretation of the as unbiased n of the depos is not well und tigraphy and/o n the drillingo o have introdu erial. rface and is dri strike of previo as possible ba it geometry. erstood, sampli r regional struct rientation and ced a sampling lled to maximis usly intersecte sed on the do ng is orientated ure. the orientation bias, this wou e perpendicular d mineralisation minating miner to be perpend of key miner ld be assesse intersection w . alised icular alised d and ith the |
| Samp le security |
All samples of field colle remain in thec ction to labora ustody of com tory drop-off. pany geologists , and are fullys upervised from point |
| Audi ts and reviews |
None yet u ndertaken for th is dataset. |
Section 2 – Reporting of Ex p loration Re s ults
| Crit eria |
Explana tion |
|---|---|
| Mine and l statu ral, tenement and tenure s |
The Comp EPL3308. Energy, ho reporting, renewing th The Comp place on a environme Companyh any controls EPL 3308 is cu wever the licen despite the pe e licence to op any maintains ny metal produ ntal impedimen olds a current an Exclusive rrently pending ce reports and nding status.T erate in the are a 100% interes ction. There a ts. The licence environmentalc Prospecting L renewal by th expenditure ar here are nok a. t in EPL3308, re no known na is located in th learance certif icence (EPL) e Namibian Min e all in good st nown impedim and a 3% gov tive title interes e Dorab Park re icate to operate at Mile 72, n istry of Minera anding at the ti ents with resp ernment royalty ts, historical si creational area in the Park. amely ls and me of ect to is in tes or . The |
| Explo by ot ration don her parties e |
Prior to the is recorded Uranium de Appraisal reports bec cased Meta exploration co in the area.H posit, locatedo of previous wo ause very limit ls has had tor mpleted by Me istorical explo n adjacent gro rk has therefo ed data are av e-collect the da tals on EPL330 ration in the a und and not wit re been limited ailable in either ta. 8, no recordo rea focused on hin EPL3308. to high level digital or hardc f modern explo the nearbyM reviews of his opy format. In ration ile 72 torical most |
| Geol ogy |
The geolog mineralisat within thes y consists ofa ion is alaskite-h chists, and sup sequence ofD osted uranium ergene uranium amaran schists (Rössing-style mineralisation , granites and uranium), with . alaskites. The potential for ur target anium |
| Drill infor hole mation |
All relevan t drillhole inform ation is supplie d in appendix1 of the announc ement. |
| Data meth aggregation ods |
All explora lengths of tion results are high grade m reported by a aterial receive length weighte less weighting d average. Th than longer le is ensures that ngths of low short grade |
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| material. No high gra de cut-offs are applied. |
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| Relat betw mine width inter ionship een ralisation s an cept lengths d |
Mineralisat between a and these All holesd angle inter interpreted ion seen at Mile magnetic beari have been expo rilled to date d section as prac to be close tot 72 is currently ng of 020° and sed in numero ip at 50° and6 ticable to thea rue thickness. interpreted to 045°. Dips of t us trenches acr 0° and drilleda bove orientatio be largely strata he various units oss the project t orientationst n. Intercept le bound and or are close to v hat result in as ngths, therefor iented ertical high e, are |
| Diag rams |
A series of relevant diagra ms are include d in the body of the announcem ent. |
| Balan ced reporting |
Information announcem relating to ent. geophysicala nd geochemi cal testwork is included in the |
| Furth er work |
Plans for fu rther work are outlined in theb ody of the ann ouncement |
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