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BONDI MINING LIMITED - ASX: BOM
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Description
Bondi Mining Ltd (Bondi) is an ASX listed company with a primary focus on uranium projects in the Northern Territory and Queensland. Bondi is focused on high grade cycle-proof uranium targets in favourable jurisdictions where exploration in the previous uranium boom was clearly ineffective. Bondi is also actively seeking advanced uranium opportunities in proven and secure jurisdictions.
Bondi has assembled a strong exploration team with a pedigree of uranium exploration success, and has been successful in targeting and advancing high grade uranium prospects in Australia. In late 2008, JOGMEC (Japan Oil, Gas and Metals National Corporation) entered into a Joint Exploration Agreement with Bondi over its Murphy Project in the Northern Territory. In February 2010, JOMGEC also enered into a JEA with Bondi for its North Maureen Project in Queensland. These are currently JOGMEC's only Uranium Joint Ventures in Australia.
Murphy Project
The Murphy project is located 1000 kilometres from Darwin and 700 kilometres from the town of Mount Isa (Fig 1). Sealed road reaches within 80 kilometres of the property, and the remainder of access is by good gravel roads and station tracks. The project consists of 8 granted tenements covering 9,056 square kilometres. The project is owned 100% by Bondi Mining Ltd.
The core tenements of the Murphy project were initially acquired in mid-2005 by Global Discovery Pty Ltd (a private company). The tenements were subsequently acquired by Buffalo Gold Ltd (a TSX venture-listed exploration company) through an option deal announced in March of 2006. Bondi Mining Ltd acquired the project in May of 2007 as part of a deal to acquire 100% of Buffalo Gold’s Uranium portfolio.
North Maureen Project
The North Maureen, Juntala and Mt Hogan Projects occur within the Georgetown Block, Queensland. Numerous significant uranium occurrences are present within the Georgetown Block, including the Maureen uranium deposit (owned by Mega Uranium) which is located approximately 10km to the south of the North Maureen Project area. Uranium-molybdenum mineralisation at Maureen is hosted by Devonian-Carboniferous sandstone of the Gilberton Formation which is overlain by Carboniferous rhyolitic volcanics. The deposit is located on the southeast margin of an interpreted cauldron collapse feature which is associated with Carboniferous volcanism and intrusive activity evident as a circular feature in regional aeromagnetics images. Numerous small uranium occurrences are present throughout the Georgetown Block often adjacent to circular features.
Mine For
uranium, molybdenum
Location of operation(s)
Northern Territory, Queensland
Address
96 Stephens Rd
SOUTH BRISBANE, QLD, AUSTRALIA
Phone
(61 7) 3844 0982
Website
Last Updated
28/04/2011
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.
