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BLACK RANGE MINERALS LIMITED

ASX: BLR

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Delisted from ASX 18/09/2015

Black Range Minerals is an Australian Stock Exchange-listed company focused on growth through acquisition, exploration and development of resources projects. The Company is focused on advancing the high-grade Taylor Ranch/Hansen Uranium Project in Colorado, USA towards production.

The 100% owned Taylor Ranch Uranium Project contains JORC Code compliant indicated and inferred resources of more than 60 million pounds of U3O8. Immediately adjacent is the Hansen Uranium Project, which the Company recently secured exclusive rights to acquire a 100% interest in. The combined assets comprise one of the largest uranium projects within the USA.

The Company is constantly assessing other investment opportunities, including the acquisition of additional quality projects in the resources sector.

Taylor Ranch/Hansen Uranium Project, Colorado, USA

The 100% owned Taylor Ranch Uranium Project is located approximately 150 kilometres southwest of Denver in Colorado, USA. It lies immediately north of the Hansen uranium deposit in the Tallahassee Creek District of Colorado, which the Company recently secured exclusive rights to acquire a 100% interest in. Together these assets are referred to as the Taylor Ranch/Hansen Uranium Project.

The combined assets host more than 90 million pounds of U3O8, making it one of the largest uranium projects within the USA - a country that annually consumes around 50 million pounds of U3O8 per annum (or ~27% of the world's uranium consumption) yet produces less than 5 million pounds of U3O8 per year (or <2.5% of total annual global uranium consumption).

At various cut-off grades the JORC Code compliant indicated and inferred resource base at the Taylor Ranch Uranium Project comprises:

- 138.8Mt at 0.027% U3O8 for 83.8 million pounds of U3O81, or 1Applying a cut-off grade of 0.01% U3O8
- 47.8Mt at 0.057% U3O8 for 60.2 million pounds of U3O82, or 2Applying a cut-off grade of 0.025% U3O8
- 8.9Mt at 0.12% U3O8 for 23.5 million pounds of U3O83 3Applying a cut-off grade of 0.075% U3O8

Hansen Uranium Project

Immediately south of, and adjacent to the Taylor Ranch Uranium Project is the Hansen Uranium Project, which the Company recently secured exclusive rights to acquire a 100% interest in.

The Hansen Project hosts a series of uranium deposits within the same mineralized trend that hosts the deposits within the Taylor Ranch Project, and includes the North Hansen, Hansen and Picnic Tree uranium deposits. The Hansen Uranium Deposit is the largest of all of the uranium deposits within the mineralized trend (including those in the Taylor Ranch Project).

The Hansen Uranium Deposit was discovered in 1977. It immediately became the focus of a concerted exploration programme by previous owners that led to the definition of approximately 30 million pounds of mineable U3O8 at a grade of ~0.08% U3O8. A previous owner completed a positive bankable feasibility study on the Hansen deposit in the early 1980s and all permits were in place to commence open cut and underground mining and to construct an on-site processing facility. However the global uranium price collapsed prior to commencement of construction and until recently no further work was undertaken.

Jonesville Coal Project, Alaska, USA

In December 2008 the Company acquired a 100% interest in the Jonesville Coal Project, located approximately 100 kilometres northeast of Anchorage, USA. The project comprises two leases covering 1,450 acres.

Coal at the Jonesville Coal Project is an excellent quality high volatile B bituminous rank. It has excellent steam or thermal combustion qualities and has been used in the past for power generation. Its heat content averages 10,400-13,400 Btu/lb. One of the coal’s key attributes is its low sulfur content (0.3-0.4%), making it valuable as a compliance coal. Historically coal from the project has needed to be washed due to inherent clastic and middling partings.

The Jonesville Coal Project hosts JORC compliant measured, indicated and inferred resources of 130.7Mt of coal.

Mine For

uranium, coal

Location of operation(s)

USA

Address

Suite 9 5 Centro Ave
SUBIACO, WA, AUSTRALIA

Phone

(61 8) 9481 4920

Email

Website


Last Updated

13/07/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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