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URAMET MINERALS LIMITED - ASX: URM
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Description
Uramet Minerals Limited is an ASX listed exploration company targeting base metals, phosphate and uranium in Central Australia.
Uramet´s tenements cover 5,061 km2 (square kilometres) of which 4,754 km2 are in the Northern Territory, the remaining 307 km2 in Queensland.
The Company raised $7 million in its initial public offering and commenced trading on the ASX on 19 June 2007.
Since then, several major programs have been completed, including reconnaissance drilling for uranium; major geophysics surveys (gravity, IP and VTEM) and drilling for base metals; and mapping, sampling and drilling for phosphate.
At the Box Hole lead-zinc project, promising RAB and RC drill targets were selected from the results of Uramet’s exploration work, including geophysics, detailed mapping, sampling, and soil geochemistry. A program of RAB drilling was completed in July 2008 and initial evaluation of results suggests deeper drilling is warranted.
Uramet´s tenements and expertise are focussed on the Georgina Basin, which hosts most of Australia´s major phosphate deposits (and which is very prospective for base metals as well). High phosphate grades encountered in outcrops on Uramet´s tenements in the Marqua Project area were followed up in 2008 by mapping and sampling programs targeting phosphate/uranium. A drilling program was completed at Marqua in September 2008.
Projects
Phosphate
Uramet is exploring deposits of high grade phosphate rock on its Marqua tenement area in NT and its Barr Creek tenement area in Qld. Both these areas contain Cambrian rocks at the margins of the Palaeozoic Georgina Basin, host to most of mainland Australia’s known rock phosphate resources.
Base Metals
The Box Hole lead/zinc project is located in the NT. Uramet completed a shallow RAB drilling program in early July 2008.
The Marqua and Mt Skinner areas are considered prospective for copper, lead and zinc.
Uranium
Uramet has four main uranium projects, Wilora and Corella Lake in NT, Listore Creek and Toko in Qld.
Mine For
lead, zinc, silver, phosphate, tungsten, uranium, gold
Location of operation(s)
South Australia, Northern Territory
Address
Level 1 , 130 Hay Street
SUBIACO, WA, AUSTRALIA
Phone
(08) 6380 2799
Website
Last Updated
17/02/2010
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.