Uranium Equities (ASX: UEQ) has a portfolio of uranium focused exploration projects in Australia, with a focus on South Australia and the Northern Territory.
The company has two main areas of focus: The development of the PhosEnergy Process; and exploration
activities directed at a small core of high quality exploration assets which include the key Nabarlek Project.
Uranium Equities unveils uranium hits of 2.3% at Nabarlek in Northern Territory
Australian uranium explorer Uranium Equities Limited (ASX: UEQ) received a giant shot in the arm with grades of 2.7% and 1.3% uranium returned from recent drilling at the Nabarlek joint venture.
Highlights include:
- 5.2m @ 1.34% eU3O8 including 2.7m @ 2.28% eU3O8 at West Arnhem
- 6.6m @ 612ppm eU3O8 and 18.4m @ 873ppm eU3O8 at Coopers
Bryn Jones, managing director, said; “We are very encouraged by these excellent results received to date and we are looking forward to receiving further results in the near future."
"This exploration program reinforces our commitment to exploration both within
the joint venture area and the Nabarlek Mineral Lease which is 100% owned by Uranium Equities.”
The West Arnhem JV covers an area of 477km2 surrounding the historic Nabarlek Uranium Mine, located within Uranium Equities’ 100%-owned Nabarlek Mineral Lease, with an ongoing 30 RC dilling program.
The surrounding tenements are held in a joint venture with Cameco Australia (UEQ 40%, Cameco 60%).
The Coopers Prospect is located 2.4 km east of the Nabarlek Mine close to the south-east corner of the Nabarlek Mineral Lease.
Thirteen RC holes have been drilled targeting a uranium bedrock geochemical anomaly previously defined by aircore drilling.
