Top Navigation

Geology & Resources

The Michelin Project claims cover a significant area of prospective ground over the Central Mineral Belt (CMB). The claims are also coincident with a total of 127.7Mlb of Mineral Resources across 6 deposits.  The largest of these deposits is Michelin, the flagship deposit of the Project.

Michelin is associated with a belt of Proterozoic felsic volcanic rocks of the Aillik Group which extends from the coast in the north-east to Michelin in the south-west. Inda, Gear, Nash are hosted in volcaniclastic metasediments and mafic metavolcanics of the Post Hill Group. The mineralisation at Michelin occurs in a strongly deformed package of intercalated finely and coarsely porphyritic metavolcanic rocks of the Aillik group. These host rocks have a rhyolite composition comprising K-feldspar, quartz with minor plagioclase, biotite, magnetite and traces of apatite, titanite and zircon. The Aillik group lithologies in the immediate area also include metamorphosed mafic volcanics, banded siltstones and volcanoclastic sediments. These lithologies have been intruded by granite and granodiorite plutons, sheets and dykes that are generally undeformed and display equigranular to porphyritic textures.

The Michelin host rocks were subject to intense sodic metasomatism observed as the replacement of K-feldspar by albite, and biotite by sodic amphibole and sodic pyroxene and quartz phenocrysts show dissolution textures and are partly replaced by albite. The mineralisation is dominated by uraninite, with some uranium in zircon and rarely in brannerite. Uranium minerals tend to occur with titanite, pyroxene, amphibole and hematite. Carbonate minerals are not abundant and sulphide minerals are also uncommon, typically comprising <1% of ore.

Deposit  

Measured Mineral

Indicated Mineral Resource

Inferred Mineral Resource

Total
  Cut-off
ppm U3O8
Mt Grade
ppm
Mlb

Mt

Grade
ppm

Mlb

Mt

Grade
ppm

Mlb Mt Grade
ppm
Mlb
Michelin 200/500 17.6 965 37.6 20.6 980 44.6 4.5 985 9.9 42.7 980 92.1
Jacques Lake        250       13.0 630 18.0 3.6 550 4.4 16.6 610 22.4
Rainbow 200/500 02 920 0.4 0.8 860 1.4 0.9 810 1.6 1.9 830 3.4
Inda 200/500       1.2 690 1.8 3.3 670 4.8 4.5 670 6.6
Nash 200/500       0.7 830 1.2 0.5 720 0.8 1.2 780 2.0
Gear 200/500       0.4 770 0.6 0.3 920 0.6 0.7 780 1.2
Total Resources  

17.8

965 38.0 36.6 840 67.6 13.1 765 22.1 67.6 860 127.7

Latest prices

ASX A$ 0.20

Latest Prices

TradeTech U3O8 spot US$29.15/lb
TradeTech U3O8 long term US$31.00/lb

Contact Paladin

Subscribe

Newsletter form

SIGN UP TO OUR NEWSLETTER

First Name
Last Name
Email Address