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Mount Isa - Australia

ASX share price PDN A$0.12

TradeTech U3O8: Spot US$25.25/lb | long term US$32.00/lb

Exploration

Pre-Development Exploration

Total Resources 148.3Mlb
  • Three Exploration Permits and six Mineral Development Licences
  • Containing 148.3Mlb, with 115.7Mlb across the Valhalla, Skal and Odin deposits
  • Largest uranium deposit in Queensland
  • Potential for future development of 5-7Mlba uranium mine

 

Paladin wholly-owns three projects located 15 to 80km north and east of Mount Isa that include 10 deposits containing 148.3Mlb uranium across all resource categories. The bulk of the mineralisation 115.7Mlb is concentrated in the Valhalla, Skal and Odin deposits.

The landholding consists of three Exploration Permits for Minerals (EPMs) and six Mineral Development Licences (MDLs). Access to the landholding is excellent via the sealed Barkly highway the partially sealed Gunpowder Road and various station tracks on Calton Hills and Haslingden cattle stations.

In June 2007, Paladin acquired an 82% stake in Summit Resources Ltd (Summit) and between 2007 and 2012 achieved annual mineral resource growth of close to 20%, an increase from a total of 65Mlb to 148Mlb. Paladin drilled 116,490m of diamond core and 148,740m of RC to search for and define the estimated resources. Paladin acquired the minority shareholdings in Summit to take its ownership to 100% as part of an off-market takeover offer that was completed in late 2018.

Aeon Metals (ASX:AQR) earned the right to explore for base metals on some of the landholding by satisfying the terms of an Mineral Rights Agreement executed by the parties in 2009. Paladin holds 100% of all uranium rights across the landholding.

View the Mount Isa Project brochure

MINERAL RESOURCES

Mineral Resources  Mt Grade ppm 
U3O8
Mlb 
U3O8
Measured      
Valhalla 16.0 820 28.9
Indicated      
Andersons 1.4 1,450 4.6
Bikini 5.8 495 6.3
Duke Batman 0.5 1,370 1.6
Odin 8.2 555 10.0
Skal 14.3 640 20.2
Valhalla 18.6 840 34.5
Inferred      
Andersons 0.1 1,640 0.4
Bikini 6.7 490 7.3
Duke Batman 0.3 1,100 0.7
Honey Pot 2.6 700 4.0
Mirrioola 2.0 560 2.5
Odin 5.8 590 7.6
Skal 1.4 520 1.6
Valhalla 9.1 640 12.8
Watta 5.6 400 5.0
Warwai 0.4 360 0.3
Total Australia 98.8 680 148.3

 

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