Reported to have been granted two additional exploration licences. The additional 2 exploration licenses are contiguous with 3 existing licences and cover projected northern and southern extensions of the main palaeochannel at Balladonia where previously announced a coal exploration target of up to 500Mt in addition to significant uranium potential.
October 15, 2008
Announced the identification of signficant uranium prospect generated from high quality TEMPEST Airborne EM data covering 1000 sq km, an air core drilling campaign of 1,860m and recently completed geochemical orientation survey. The prospects lie within the recently defined Balladonia North palaeochannel, where elevated uranium values have been identified in sand and lignite.
February 21, 2008
Released the drill results which identified uranium mineralisation at Heartbreak within Balladonia project. Highlights include from HBAC04 with 4m at 66.3 ppm U from 12m, in HBAC30 from 16m with 4m at 23.6 ppm U and HBAC43 with 4m from 20m at 26.9 ppm U. Elevated uranium occurring at the upper contact of lignite and sandy horizons.
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