Energia Minerals has announced a 40% uranium resource increase at the Carley Bore deposit, part of the Nyang uranium project in Western Australia.
|Drillhole spoils from Carley Bore (Image: Energia Minerals)
The JORC-compliant resource figure has been updated following an aircore drilling program earlier this year and now stands at 16.9 million tonnes of inferred resources at a grade of 350 ppm U3O8, equating to 13 million pounds U3O8 (5000 tU) of contained uranium at a cut-off of 100 ppm. This represents a 40% increase over previously reported figures, and also includes an increase in grade from 320 ppm.
According to Energia, the new figures make Carley Bore the fourth largest roll-front deposit in Western Australia, and exploration is continuing across the Nyang Project: only 5.5 km out of 100 km of identified paleochannels have yet been drilled. The project has an exploration target of 15-25 million pounds U3O8 (5800-9600 tU) at 300-500 ppm, a figure the company describes as "conservative".
The deposit is potentially amenable to mining using in-situ recovery methods, and hydrogeological studies on the deposit will take place over the coming months using test and monitoring bores which are already in place.
Researched and written
by World Nuclear News