Adavale Resources eyes more promising uranium tenure in South Australia

Adavale applies for 2,446km2 of additional uranium tenure in SA
Applications include areas with demonstrated high grade uranium prospectivity
Applications will expand company’s tenure to 5,103 km2
Drilling to commence at Maree uranium project shortly

Special Report: Adavale Resources has expanded its uranium footprint in South Australia, applying for four new exploration licences to secure 2,446 km2 east of Ceduna.

The Exploration Licence Applications (ELAs) include palaeochannels with demonstrated high grade uranium prospectivity, associated with the regionally significant Hiltaba Suite granites that have been interpreted to be the source for the ISOenergy’s (TSXV:ISO) high-grade Yarranna deposit (850ppm to 3,550ppm U3O8) within the Narlaby palaeochannel sequence.

Notably, two applications cover 189 km2 and 260 km2 near Yarranna where Adavale Resources (ASX:ADD) believes that there is potential for economic uranium mineralisation to be discovered within the application areas where historical drilling is limited.

The other two exploration licences cover ~1,997km2, around 90km south of Tarcoola and 95km northeast of Ceduna where no exploration for uranium has been conducted on the Tolmer palaeochannel within the application area.

5,103km2 of prospective uranium tenure

Adavale executive director David Riekie says the ELA’s will significantly expand the company’s regional uranium focus in South Australia – up to around 5,103km2 – and provides a solid foundation for future exploration.

“We see these licence applications as a timely and strategic expansion in a region that has demonstrated high grade uranium intersections within the Narlaby palaeochannel and other similar systems shedding from the Hiltaba granites,” he said.

“Historical drilling primarily focussed on shallow mineral sands potential, which as a consequence, identified a number of regional palaeochannels.

“A detailed review of this information available from the South Australian Government’s Resource Information Gateway was undertaken by our expanded geological team and their strong recommendations to apply for those areas that were both prospective and available.”

Adavale Resources ASX ADD — Pic: Adavale Exploration Licence application areas and regional palaeochannels and uranium occurrences identified.

Marree drilling kicking off shortly

While the grant of the ELAs is pending, the plan is to secure heritage clearances along tracks and trails crossing interpreted basement low/depocentre on western margin of the Marree Embayment uranium project (also in South Australia) and additional possible targets for advanced exploration.

The company will then co-ordinate and design drilling programs at Marree to test structures for uranium redox boundaries at MacDonnell Creek and surrounds. It will also develop exploration programs in anticipation of the grant of the new ELA’s.

“We anticipate the Ceduna region of the Eyre Peninsula will become an important addition to our expanding exploration plans and a focus after the upcoming drilling programs at the Marree Embayment and MacDonnell Creek,” Riekie said.

“Consequently, our exploration team is busy coordinating the exploration work programs for remainder of the calendar year.”

This article was developed in collaboration with Adavale Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.