At Elaine Dorothy previous exploration by Mary Kathleen Uranium (formerly operators of the Mary Kathleen Mine) and GSE has highlighted significant Mary Kathleen-style uranium (and REE) mineralisation.
An exploration target for the Elaine One Anomaly is assessed at between 150,000t and 250,000t of mineralisation with grades between 0.34 and 0.56 kg/t U3O8 (using a 0.15 k/t U3O8 cutoff grade) and will be tested by twinning previous high grade intercepts returned in 1955 and 1980. This target is based on historical data from 9 diamond core holes with chemical assays of unknown method and surface outcrops with scintillometer readings. This data has been reviewed and assessed by an independent consultant.
The purpose of the twinned holes is to confirm and validate the historical drilling results with a view to convert at least part of the exploration target to an Inferred Resource. The potential quantity and grade of the Elaine One Anomaly exploration target is conceptual in nature and there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a mineral resource.
Further drilling is required to adequately test mineralisation defined to date (eg: 2.3 metres at 2.62 kg/t uranium oxide (U3O8) from 26 metres, 9.5 metres at 0.36 kg/t U3O8 from 13.5 metres and 2 metres at 1.34 kg/t U3O8 from 100 metres down hole depth). For reference the mined out Mary Kathleen Mine yielded 9.2 million tonnes at a grade of 1.20 kg/t U3O8.
