Legend

Yambarra Project

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The Tenements within the Yambarra project area lie along a major tectonic zone that links the Pine Creek Orogen to the Halls Creek Mobile Belt, which hosts major mineral occurrences.  Similar geological settings within the tenements where Proterozoic aged sediments unconformably overly basement rocks, provide the potential for unconformity type uranium mineralisation.

No exploration specifically aimed at locating uranium has been undertaken on these tenements since the early 1970s. At that time a significant radiometric anomaly known as ‘Door Creek' was investigated.  A subsequent NTGS airborne radiometric survey revealed that the source of this anomaly, which is some 5km in length, may be associated with the faulted unconformity between the Fitzmaurice Group Sediments and the basement Hermit Creek Metamorphics.

The Company undertook a VTEM airborne geophysical survey within its Yambarra Project area in 2008. The survey flown by Geotech Pty Ltd comprised a total 500 line km focussing on the priority Door Creek uranium anomaly and associated prospective geological elements.  The data from this survey was processed and a detailed interpretation was completed by a geophysical consultant.  The purpose of the survey was to identify potential host rocks from which the Door Creek uranium anomaly is derived. The survey resulted in the identification of 6 conductor anomalies, one of which was located upstream of and in close proximity to the Door Creek anomaly.

Rio Tinto Yambarra Farm-in - TEU Earning 100%

The Company has a farm-in agreement with Rio Tinto to earn 100% interest for uranium in tenements in the Daly River region of the Northern Territory. These tenements have a total project area of over 9,029sq km.  

A final consultation meeting for the tenements under application was held in conjunction with a work program meeting for the granted tenements with traditional owners. Approval was given for access to SEL 26956 and SEL 26958.

Interpretation of airborne geophysical data over SEL26959 tenements identified several regions favourable to unconformity style mineralisation. A total of 19 Geochemical samples were completed over areas of elevated uranium on the tenements and have been submitted for essay (Figure 3.).

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Door Creek Anomaly

The Door Creek anomaly extends for a distance of almost 5km and appears to be associated with a drainage emanating from the nearby Tom Turner fault, which, in this area, coincides with the unconformity between the Fitzmaurice Group sediments and the underlying older basement rocks.

In addition there is several smaller discrete lower amplitude uranium anomalies nearby, which are directly associated with the faulted unconformity.  These responses could represent leakage from uranium mineralization associated with the faulted unconformity.

The close proximity of these anomalies to, and in some instances coincidence with the Tom Turner Fault, is very significant as this is a geological setting that is consistent with the setting of unconformity type uranium mineralisation elsewhere in the Northern Territory.

Ground follow-up of the anomaly which comprised spectrometer traverses and limited auger drilling and sampling has confirmed the anomaly on the ground. Associated sampling failed to produce anomalous U responses indicating that Radon gas may be responsible for the anomaly. 

A water sample from a spring at the headquarters of Door Creek reported 29ug/l of Uranium in a background of 0.04ug/l.

A soil sampling program comprising of 93 samples was completed in 2010 over the source point of the airborne anomaly, which is some 600m from the Tom Turner Fault and removed from the drainage. Although recording some elevated metal responses, no specific target was identified. Further field work will be undertaken to resolve the nature of the airborne anomaly. 

Access Meetings   

The Company continues to progress discussions with Aboriginal groups with respect to access to land and work programmes on already granted tenements in the Yambarra project areas. A work program meeting was held in July 2011 to allow field work to be undertaken. The Northern Land Council (NLC) advised a second meeting is required due to not all relevant traditional owners being present at the July 2011 meeting. This meeting is currently being rescheduled.

• 31 January 2012 Quarterly Activities Report for the period ended 31 December 2011 > Read more

• 25 November 2011 Results of Annual General Meeting 2011 > Read more

• 25 November 2011 Top End Uranium Annual General Meeting Presentation 2011 > Read more

• 31 October 2011 Quarterly Activities Report for the period ended 30 September 2011 > Read more

• 25 October 2011 TEU Annual Report 2011 > Read more

• 24 October 2011 Notice of 2011 Annual General Meeting > Read more

• 29 September 2011 Annual Report for the year ended 30 June 2011 > Read more

• 29 September 2011 Date of 2011 Annual General Meeting > Read more

• 29 July 2011 Quarterly Activities Report for the period ended 30 June 2011 > Read more

• 8 July 2011 Appointment of Director > Read more