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Valhalla North Project

In April 2009, Paladin completed the acquisition of 100% of Fusion Resources Ltd (Fusion). Fusion was listed on the ASX until it de-listed on 8 April 2009. The Valhalla North Project is located on two tenements totalling 290km², situated 40 to 75km north of the Valhalla deposit. The geological setting is similar to the Summit/Paladin projects to the south where albitised basalts with interbedded metasediments are mineralised along east-west and north-south structures in Eastern Creek Volcanics.

Ground work and drilling of the Duke-Batman prospect in 2010 did not extend the mineralisation; however, it did confirm and refine the geological model. After the compilation of all data a new Mineral Resource estimate was identified (please refer to the table on the Resources Status Mount Isa Region page for more detail).

Latest prices

ASX A$ 0.0470
TSX C$ 0.0450

Latest Prices

TradeTech U3O8 spot US$20.40/lb
TradeTech U3O8 long term US$34.00/lb

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