Exploration Australia
Mount Isa:
Advanced
Exploration.
- Six Mineral Development Licences.
- Largest uranium deposit in Queensland.
About Mount Isa
Paladin wholly-owns a project comprised of three promising uranium exploration sites in Queensland.
These are located 15km to 80km north and east of Mount Isa and include 10 deposits across all resource categories.
Our landholding here consists of six Mineral Development Licences.
Access to the landholding is excellent. This area is reached via the sealed Barkly Highway, the partially-sealed Gunpowder Road, plus various station tracks on Calton Hills and Haslingden cattle stations.
Paladin acquired an 82% stake in Summit Resources Ltd (Summit) in June 2007.
We drilled 116,490m of diamond core and 148,740m of RC to search for and define the Mineral Resources. As Paladin we acquired the minority shareholdings in Summit. This took our ownership to 100%, completing an off-market takeover offer 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 a Mineral Rights Agreement executed by the parties in 2009.
Paladin holds 100% of all uranium rights across the Mount Isa landholding.
The state government of Queensland permits uranium exploration but bans uranium mining.