The main focus of the Company’s uranium exploration effort is the Gardiner-Tanami Project and Gardner Range JV, which comprises 10,600km² of granted tenements and tenement applications in the Granites-Tanami region of WA/NT. The project capitalises on the experience of French global nuclear group Areva NC, through its wholly owned subsidiary Afmeco Mining and Exploration Pty Ltd (Afmex), the project operator. The vision is the discovery of large, high grade, high value unconformity-related uranium deposits.
Kurundi is an important uranium exploration project for Northern Uranium, the focus being the small but historically high grade (0.5% U3O8) Munadgee uranium mine.
The Company has built a high value Heavy Rare Earth Elements (HREE) portfolio in Western Australia through exploration and acquisition. Browns Range, north of the Gardiner-Tanami Project was identified through exploration while John Galt was recently acquired as part of a review of other HREE opportunities. The aim is to discover a high value HREE deposit.
The Epenarra phosphate project, adjacent to Kurundi, is over 2,900 km² in area in the Georgina Basin, only 50 km from the Wonarah deposit and covering the same favourable geology. The Company has also expanded its interest in phosphate into the Amadeus Basin in an area near Alice Springs. Previous exploration in an area now covered by an adjacent tenement is reported to include records of drilling with intersections of up to 6m at 22.8% P2O5.
- Uranium
- Rare Earths
- Phosphate