Menu

Australian Shares is the world's biggest free online database of information on Australian resource companies.

Time to Update your company profile
Australian Shares

EPIC RESOURCES LIMITED

ASX: EPC

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

Epic Resources is an Australian-based exploration company established primarily to acquire, explore, evaluate and exploit uranium deposits and explore prospective uranium tenements and other minerals.

The Quartz Hill Project contains uranium-REE rich pegmatites, brecciated pegmatites, tension gash mineralisation, strong "bullseye" magnetic highs and strong regional sodic/pottasic alteration within the Arunta Province in the Harts Ranges, 160 km ENE of Alice Springs, Northern Territory.

The region is prospective for uranium mineralisation, with several uranium anomalies identified in the general area, including Yambla. The immediate target within the project is granitic pegmatite with uraniferous rare-earth minerals, which occur in several places identified to date.

The Uranium spot price has increased from US$31 per pound on 30 June 2010, to US$53 pound on 1 November 2010.

Rare earth elements are also trading near or above historical highs.

In addition to seeking to earn a 75% interest in the Quartz Hill Project, the Company intends to pursue new projects in the resources sector, both in Australia and overseas, by way of acquisition or investment. These projects may include other types of minerals, including, without limitation, coal, iron ore, copper, gold, manganese, tin, nickel and tungsten.

The Company has entered into a corporate mandate arrangement with Resource Venture Capital Partners to secure copper projects for the Company in the future.

Quartz Hill Project

Location: 150km west-northwest of Alice Springs - Australia

Overview

The Quartz Hill Project contains uranium-REE rich pegmatites, brecciated pegmatites, tension gash mineralisation, strong “bullseye” magnetic highs and strong regional sodic/pottasic alteration within the Arunta Province in the Harts Ranges, 160 km ENE of Alice Springs, Northern Territory.

The region is prospective for uranium mineralisation, with several uranium anomalies identified in the general area, including Yambla. The immediate target within the project is granitic pegmatite with uraniferous rare-earth minerals, which occur in several places identified to date.

The presence of three “bullseye” magnetic anomalies within the tenements in the vicinity of mixed magma types (mafic and felsic) related to the Hukitta dome granites and a major deep-crustal structure to the north are also targets of significant interest.

Location and Tenure

The Quartz Hill project lies 150km west-northwest of Alice Springs and is centred around Ambalindum Station. All tenements lie within the Eastern Arunta block, in the Harts Ranges.

Mine For

uranium

Location of operation(s)

Northern Territory

Address

Se 2 Level 3 1292 Hay St
WEST PERTH, WA, Australia

Phone

(61 8) 6140 2449

Email

Website


Last Updated

13/12/2011

 

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.