As a result of the withdrawal by Chalice, Uranium Equities has also decided to relinquish all tenements for both projects.
Uranium Equities Limited (UEQ) is a uranium explorer with exploration activities directed at high quality exploration assets in Australia’s premier uranium districts.
UEQ’s key asset, the Nabarlek Project, provides a rare near mine exploration opportunity surrounding the historical Nabarlek uranium deposit (previous production: 24 Mlb @ 1.84% U3O8).
The deposit lies within an extensive uranium mineral system which extends over more than 50 square kilometres within the Mineral Lease and the surrounding tenements.
The mineral system which contains widespread anomalous uranium geochemistry and ore grade mineralisation at several locations remains largely untested.
