General Search - Enter what you're looking for...
ENERGY AND MINERALS AUSTRALIA LIMITED - ASX: EMA
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
Energy and Minerals Australia Limited (EMA) is developing Western Australia's largest independently owned uranium resource, the Mulga Rock Deposits (MRD), with production targeted for 2013.
Mulga Rock Deposits
Energy and Minerals Australia's (EMA) most advanced project is the Mulga Rock Deposits (‘MRD’) located within the larger Narnoo Project tenements, 250km east-northeast of the major mining centre of Kalgoorlie, and only 100km from the trans-national rail line. The MRD comprise three separate uranium bearing, polymetallic mineral deposits named Ambassador, Emperor and Shogun.
The MRD were discovered by the Japanese Government owned corporation, PNC Exploration Australia Pty Ltd ('PNC'), in 1979. Positive Outcome of Scoping Study Nov 2010. In November 2010, the company announced a positive outcome to the scoping study that it had been conducting over the previous twelve months.
In January 2009 Coffey Mining produced an initial JORC Code compliant Uranium Resource estimate for the MRD, using a database of available historical uranium chemical assays and equivalent grades from radiometric data compiled by EMA. The Resource estimate incorporates the results from 766 of 2,012 holes drilled prior to EMA acquiring the project.
In June 2010 Coffey Mining produced an updated JORC Code compliant Uranium Resource estimate for Ambassador, one of the three deposit that make up the MRD.
Narnoo
The Narnoo Project, which covers an area of about 1,120 km2, is located 250km east-northeast of the major mining centre of Kalgoorlie. The Mulga Rock Deposits ('MRD') are contained within, but excluded from, the Narnoo Project. The Narnoo Project is prospective for uranium, oil, precious metals and base metal mineralisation. EMA's initial focus for the Narnoo Project will be to follow up the extensions to the MRD for uranium, plus definition of identified lignite and base and precious metals targets.
Gunbarrel The Gunbarrel Project is 1,647km2, located 100km north of the Narnoo Project on the southeast margin of the Yilgarn Craton. EMA considers the Gunbarrel Project favourable for three styles of uranium mineralisation; these being:
1. Calcrete-type, carnotite-dominant mineralisation hosted by the Pliocene or Pleistocene age, carbonate-enriched lacustrine successions deposited within the channel marginal of the Gunbarrel Basin within the project area. This mineralisation would be similar to that at the Lake Way-Centipede and Lake Maitland deposits located in the northeast region of the Yilgarn Craton.
2. Sandstone-hosted and sandstone dominant roll-front or tabular style mineralisation hosted by the Late Eocene classic succession that is interpreted to occupy the lower interval of the channel along the segment of the basin margin within the project area.
3. Sandstone- or lignite-hosted, coffinite-dominant, tabular or fault-associated mineralisation hosted by the Middle Eocene succession that may occupy any tectonically-formed basins along, or inward of the segment of the Gunbarrel Basin margin within the project area. This mineralisation would be similar to the MRD, and other mineralisation located in the Narnoo Basin.
Exploration of the area will focus initially on very shallow calcrete-type targets, then progressively include the deeper sandstone-hosted targets when the geology of the margin area of the Gunbarrel Basin is better understood. During 2008 an airborne electromagnetic survey was completed and EMA is reviewing the data to plan future programmes.
Minigwal
The Minigwal Project is located to the northwest of the Narnoo Project on the southeast margin of the Yilgarn Craton. The Project is some 627km2 and overlays two playa-lake chains. EMA considers that playa-lakes and associated underlying sediments are favourable for calcrete, roll-front- or tabular-style and sandstone-hosted uranium deposits.
The north eastern region of the Yilgarn Craton and adjacent south western region of the Gunbarrel Basin contain a substantial endowment of sediment-hosted uranium mineralisation.
Known calcrete-type (or playa-lake) deposits in this area of the Yilgarn Craton include Yeelirrie, Lake Way, Lake Maitland and Thatcher Soak, with many other smaller deposits or prospects. The Mulga Rock Deposits ('MRD') are located in the adjacent area of the Gunbarrel Basin. Collectively, these two regions of Western Australia comprise a very substantial and prospective uranium province.
Exploration of the area will focus initially on very shallow calcrete-type targets, then progressively include the deeper sandstone-hosted targets.
Mine For
Uranium
Location of operation(s)
Western Australia
Address
Ground Floor , 25 Richardson Street
WEST PERTH, WA, AUSTRALIA
Phone
(08) 9389 2700
Website
Last Updated
11/04/2011
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.
