Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Editor's Pick

Uranium Potential at Napperby Project

Oceana Lithium Limited (ASX: OCN, “Oceana” or “the Company”) is pleased to add uranium to the target list of prospective elements at its 100% owned Napperby Project in the Northern Territory, Australia.

Highlights

Napperby Project, Northern Territory, Australia

Oceana’s Napperby Project covers some of Arunta Province’s hottest granites plutons, the Wangala Granite (uranium) and Ennugan Mountains Granite (uranium/thorium)Both granite plutons show outstanding uranium/thorium ratios and are almost fully encapsulated within Napperby’s EL32836 and ELA32841Follow-up exploration activities will target uranium and Rare Earth Elements (REEs) in parallel with Lithium-Caesium-Tantalum (LCT) pegmatites

The project is located within the highly prospective Arunta Province, which is endowed with some of the most prospective rocks for lithium, Rare Earth Elements (REEs) and uranium mineralisation in the Northern Territory.

The Paleoproterozoic Wangala and Ennugan Mountains granites have long been recognised as “Hot Granites” and known to be anomalously enriched in a range of elements including U, Th, P, F and REEs.

As shown in Figure 1, both granite plutons show outstanding Uranium/Thorium ratios and are almost fully encapsulated within Oceana’s Napperby Project leases EL32836 and ELA32841 (under application).

Over the years, several mineral occurrences with uranium and uranium/thorium have been recorded by the Northern Territory Geological Survey, with uranium being more common in the Wangala Granite and uranium/thorium occurring in the Ennugan Mountains Granite.

Further to the south in the Ngalia Basin there are several mineral occurrences and deposits recorded including the Napperby Uranium Deposit, with a JORC 2012 Inferred Mineral Resource of 9.54Mt at 382ppm U3O8 (refer to Core Exploration Ltd – ASX Announcement dated 12/10/2018) and the Cappers Deposit where Air Core hole NAC122 intercepted 2.2m @ 211ppm U3O8 from 3.55m (refer to Energy Metals – ASX Announcement dated 17/09/2009).

The following passages are taken from the independent geological report included in the Oceana’s prospectus and are still very relevant today.

Recent publications by the Northern Territory Geological Survey refer to the Wangala Granite as a composite multi-phase pluton that has been subject to a late hydrothermal event of ca 1575Ma (Chewings) age, which has introduced phosphorus, uranium, fluorine, tin, tungsten and REEs.

Of particular interest is a poorly exposed muscovite-rich granite with abundant pegmatite bodies at the eastern end of the pluton, believed to be the final phase of intrusion. This phase is especially fertile for both Niobium-Yttrium-Fluorine (NYF) and Lithium-Caesium-Tantalum (LCT) segregations in pegmatite, yet surprisingly there are very few analyses for lithium. Bed-rock interpretation indicates this phase is extensive in the sub-crop beneath alluvial-colluvial flats.

This area has been subject to shallow geochemical drilling mainly for uranium exploration in the 1970s, but there is no information on the lithological and geochemical nature of the bedrock.

The contact zones and the eastern termination of the Wangala pluton against Lander Formation are highly prospective for rare-element pegmatites and REEs but still totally unexplored.

The Ennugan Mountains Granite of 1621 Ma (post Yambam) age is a two-phase pluton. The southern phase is an I-type biotite-hornblende granite which implies derivation from lower crustal melting. It is characterised by lenses of biotite schist with elevated uranium, thorium, phosphorus, fluorine and REEs.

Click here for the full ASX Release

This post appeared first on investingnews.com
Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartsuccessstrategy.com