Mt Phillips Project
The Mt Phillips Project comprises two granted exploration licences covering 392km² located approximately 260km E of Carnarvon in Western Australia. The Mt Phillips Project includes the Gascoyne River prospect and the Mt James Creek prospect.
At Mt Phillips, calcrete occurs in ancient drainages, now elevated to form terraces above the existing alluvial plains and also in the present day drainages. From past exploration, several uranium occurrences have been found along the drainage lines of the Gascoyne River. Calcrete terraces were highlighted with airborne radiometric data, and recent grab samples returned values between 0.024% U3O8 and 0.708% U3O8 in pits.
The northern extension of the Minindi Creek deposit lies within the Mt Phillips project area. The Minindi Creek deposit currently contains a mineral inventory of 3.5 million tonnes containing 0.012% U3O8. The uranium mineralisation is carnotite within calcrete on the North and South banks of the Minindi Creek and covers an irregular area approximately 1,800 metres long and some 100-300 metres wide. The mineralisation ranges from 0.5-3.5 metres thick.
Exploration in the past appears to have been quite fragmented and the opportunity now exists to systematically explore the calcrete areas for continuous high-grade carnotite mineralisation.
The key locations appear to occur along the tributaries of the Gascoyne River. An early drilling program is planned at Mt Phillips to establish grade and thickness of the mineralisation.
