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HODGES RESOURCES LIMITED

ASX: HDG

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

Hodges Resources ('Hodges' or 'the Company') is a diverse Australian exploration company with a portfolio of active uranium and specialty metal projects in Australia and Sweden. Hodges also benefits from a tight capital structure, which limits our overheads. Moreover, we constantly review potential investments in the minerals sector, in order to maximise value for our shareholders.

Moligul Project, Victoria

The Moliagul project is a molybdenum (Mo) and gold (Au) project located ~15 kilometres east of Tarnagulla in northern Victoria, Australia.

Hodges believes that the Moliagul Project has real potential to host a significant resource of economic Mo, especially in view of concerns over the future supply of this commodity. China has classified this element as strategically important. It was formerly a major supplier, and is now a becoming a net importer as it further expands its countries infrastructure, especially where Mo will be used in high-specification steel alloys. Moliagul is a significant sized deposit which can be mined using low cost open pit methods and very simple processing techniques, located close to required infrastructure.

Nörr Döttern Project, Sweden

The Nörr Döttern project consists of four exploration licenses located within the Arvidsjaur uranium province of northern Sweden.

Östra Järntjärnbäcken Prospect

Boulder and bedrock mineralisation occurrences at the Östra Järntjärnbäcken Prospect were originally tested by the SGU using a program of hammer drilling during the 1970’s (figure 4). Drilling reported 15 out of 21 holes as containing anomalous uranium values including peak values of 0.47%U3O8 and 0.05%U3O8 returned respectively from holes H83011 and H83012. Following the return of positive results returned from a ground scintillometer survey completed in 2007, Hodges Resources undertook a program of 7 diamond holes during the 2008 winter field season testing both the strike and depth continuities of previously defined mineralization. The program successfully intersected fracture controlled mineralisation with better intersections including: 7m @0.13%U3O8 from 22m (JB08002), 1m @0.10%U3O8 from 36m (JB08007) and 5m @0.05%U3O8 from 36m (JB08007).

Nörr Döttern 2 Prospect

Summer 2009 field activities focused on the Nörr Döttern 2 prospect area where radon cup and further ground scintillometer surveying over an ~ 1.0km2 grid was completed to follow-up areas of bedrock mineralisation previously identified by the SGU. A total of 89 radon cup detectors were deployed at 25m or 50m grid spacings and an additional 6.4km (prospect total = 13.3km) of ground scintillometer measurements were completed. Results from both surveys identified multiple target areas interpreted as prospective as the sources for uraniferous boulder trains located down ice flow from the Nörr Döttern 2 prospect area (figures 5 & 6). Permits are currently being prepared for a winter drill program to test higher priority targets.

Harrejokk Project, Sweden

The Harrejokk Project consists of two exploration licenses Harrejokk West (~50Ha) and Harrejokk East (~100Ha) which are located within the Arjeplog – Arvidsjaur uranium province of northern Sweden.

Harrejokk East Prospect

Historically three boulder trains each measuring ~300m x 20m and returning a reported average of 0.1% U3O8 were identified by the SGU within the Harrejokk East Prospect area. Following a program of surface mapping and geophysics twenty-five diamond drill holes were completed in 1974 to test the source of radioactive boulder trains. Eleven holes intersected uranium mineralisation with better results including: 4.5m @0.14% U3O8 from 85m (HAR74114) and 5.3 metres @ 0.11% U3O8 from 34 metres (HAR74116). Overall, two moderately SE dipping uranium mineralised structures were identified. Mineralisation occurs dominantly as uraninite disseminations or fracture fillings hosted by a weakly altered (potassic?) leaucogranite.

Harrejokk West Prospect

At the Harrejokk West prospect 65 samples originally taken in 1970 from a 400m x 20m boulder train returned an average of 0.25% U3O8 (range: 0.1% - 4.2%U3O8). Follow-up geophysics and trenching resulted in the discovery of bedrock mineralisation (range: 0.1% – 1.5%U3O8) occurring as narrow high grade disseminations hosted by a sodium-metasomatised (altered) granitoid. In 1973-1976 nineteen diamond drill holes were completed by the SGU to further test overburden covered bedrock however, no mineralisation of significance was intersected. Following the completion of drilling no subsequent work has been undertaken at the prospect area.

Åsnebogruvan Project, Sweden

Åsnebogruvan Project consist of the continuous Åsnebogruvan nr 100 (686Ha) and Täppetjärnet nr 100 (446Ha) exploration licences which are located within the Vasta Gottalands province of south-western Sweden. The project was originally staked to cover multiple occurrences of stratabound U, Fe, Cu and REE bearing poli-metallic mineralisation originally identified by the Swedish Geological Survey (SGU) in the 1960’s.

The geology of the project area is dominated by sedimentary rocks of the Dal Group which unconformably overly an older crystalline basement composed of gneiss and granite (figure 2). Uranium mineralisation is partly hosted within lower albite altered schist sequences of the Dal Group but also within fault and fracture zones or hematite breccia bodies. The presence of localised younger intrusives, hematite bearing breccias and a multi commodity signature of mineralisation has drawn some comparisons with an IOCG mineralisation style.

Sjaule Project, Sweden

The Sjaule project consists of a single ~201Ha exploration licence which is located within the County of Jämtland, north-central Sweden. The project falls wihtin the Hotagen Inlier uranium province and is respectively located 13km NE and 30km NNW of Mawson Energi AB high grade Flistjarn and Hartogen Projects.

Kåtaberget Mo Project, Sweden

The Kåtaberget Mo project is located with Arvidsaur Mo – W – Sn province of NE Sweden. Historically, molybdenum mineralisation was first discovered by a private prospector in 1970. Presently at the project an area of 200m2 x 85m2 has been defined with a grade of ~0.05% Mo however, mineralisation remains open to the south and south-west.

Mine For

Molybdenum, Gold, Uranium, Rare Earth Metals, Copper, Iron Ore, Rare Earth Elements

Location of operation(s)

Sweden, Victoria

Address

Level 2, 38 Richardson St
WEST PERTH, WA, AUSTRALIA

Phone

(61 8) 9322 6412

Email

Website


Last Updated

5/4/2011

 

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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