Overview
U3O8 Limited is a dedicated uranium exploration company with projects in
Many of the projects contain uranium mineralisation identified during the early phases of exploration in
Most of the Company's projects are held 100% by U3O8 Limited, but the Company does have a major joint venture with Cameco in the Ashburton, is farming into eleven tenements held by Northern Star Resources in the East Kimberley, and more recently has signed a joint venture and farming agreement with World Uranium on the Mango Bore project. All joint ventures are in
The Company has initially concentrated its exploration on the shallow calcrete hosted uranium projects (Dawson-Hinkler Well, Wabli Creek) as they are easy to explore and delineate. But the Company will progressively explore the projects that have the potential to host the large unconformity style uranium deposits (e.g. Ashburton JV, Mad Gap, East Kimberley JV, Paddy's Well) as well as the sandstone hosted deposits (e.g. Westmoreland).
Unconformity hosted uranium deposit types occur spatially close to major unconformities and are most commonly developed in intra-cratonic basins. A significant portion of the global uranium is mined from these types of deposits, including Ranger in Northern Territory of Australia and the
The surficial calcrete hosted uranium deposits are generally easier to located and explore as they have developed in semi-arid areas where the water table is at or near the surface. Deposits of this type represent about 5% of Australia's total resource and include Yeelirrie, Dawson-Hinkler, Lakeway, Centipede and Lake Maitland in Australia and Langer Heinrich in Namibia.
U3O8 Limited is also focusing on its Olary Creek project in
