Resource Star (ASX: RSL) has interests in uranium exploration assets in the Northern Territory, Western Australia and Malawi.
The company's main projects include joint ventures with Globe Metals and Mining on the Livingstonia Uranium Project and Machinga Rare Earths Project in Malawi, the 100%-owned Edith River Uranium Project in the Northern Territory and the Spinifex joint venture with Thundelarra Resources in Western Australia.
Resource Star hits thick zones of uranium at Livingstonia in Malawi
Resource Star (ASX: RSL) drilling has confirmed near surface wide intersections of uranium at the Livingstonia Uranium project, located in Malawi.
Key uranium intersections included:
- 11.80 metres at 517ppm uranium, including 2.15 metres at 1,546ppm uranium from 78 metres;
- 33.95 metres at 338ppm uranium, including 12.10 metres at 575ppm uranium from 66 metres; and
- 21.65 metres at 306ppm uranium, including 8.70 metres at 552ppm uranium from 73 metres.
Andrew Bell, chairman, said "These are very pleasing results from Resource Star’s first drilling program on the Livingstonia Uranium Project, as we have been able to match the highest grades encountered to-date and may have appreciably increased the tonnage potential.
"An intersection of more than double the width found so far, with a grade above the JORC Resource defined to date, clearly indicates the upside potential that exists at Livingstonia.”
These strong results have provided the impetus for Resource Star to initiate a review of the existing JORC Resource, with a goal of boosting the contained metal.
The Inferred JORC Resource is; 7.7 million tonnes averaging 270 ppm uranium for a contained 4.6 million pounds of uranium.
