Top Navigation

Geology and Resources

The majority of the uranium mineralisation in the IUJV, MINP and VNP Mount Isa Project area occurs in the Eastern Creek Volcanics (ECVs) and are spatially associated with second order fault splays off major faults.

Petrographic studies and mapping have demonstrated that much of the ‘red rock’ alteration in the deposits is due to finely disseminated hematite in albite and calcite caused by Na and Ca metasomatism. Mineralisation is typically dominated by either mylonite or breccia textures. Deposits with geology and mineralisation similar to that of the IUJV, MINP and VNP uranium deposits have been, and continue to be, mined in Russia, Ukraine, Brazil and Canada.

Valhalla is spatially coincident with part of a 3km-long shear zone. Valhalla can be interpreted as a series of en - echelon lenses of uranium mineralization that is better developed at the intersection of the shear zone and areas of repetition of narrow thicknesses basalts and sediments, the repetition is termed interbededness. Interbeddedness creates rheological contrasts which causing multiple surfaces that can fail when subjected to deformation and therefore can facilitate transport and reaction with uraniferous mineralising fluids.

Paladin’s THe JORC compliant Mineral Resources under Paladin’s management in the Mount Isa region totals 148.3Mlb across all resource categories. The table below lists JORC compliant Mineral Resources by deposit, on a 100% project basis.
 

  Measured Resources Indicated Resources Inferred Resources Total    
Deposit Cut-off
ppm U3O8
Mt Grade
ppm
Mlb Mt Grade
ppm
Mlb Mt Grade
ppm
Mlb Mt Grade
ppm
Mlb
Isa Uranium Joint Venture (IUJV)                    
Valhalla* 230 16 820 28.9 18.6 840 34.5 9.1 640 12.8 43.7 792 76.2
Skal 250 - - - 14.3 640 20.2 1.4 520 1.6 15.7 630 21.8
Odin* 250 - - - 8.2 555 10 5.8 590 7.6 14 569 17.6
Mount Isa North Project (MINP)                      
Bikini* 250 - - - 5.8 495 6.3 6.7 490 7.3 12.5 495 13.6
Andersons 250 - - - 1.4 1,450 4.6 0.1 1.640 0.4 1.5 1,522 5
Watta 250 - - - - - - 5.6 400 5 5.6 404 5
Warwai 250 - - - - - - 0.4 360 0.3 0.4 335 0.3
Mirrioola 250 - - - - - - 2 560 2.5 2 566 2.5
Valhalla North Project (VNP)                        
Duke Batman 250 - - - 0.5 1,370 1.6 0.3 1,100 0.7 0.8 1,316 2.3
Honey Pot 250 - - - - - - 2.6 700 4 2.6 692 4
Total Resource 16 820 28.9 48.8 720 77.3 33.9 565 42.2 98.8 680 148.3

(Figures may not add due to rounding)
* Deposits estimated using Multiple Indicator Kriging within a wireframe envelope. All other resources are estimated using Ordinary Kriging with an appropriate top cut. Data for all deposits is a combination of geochemical assay and downhole radiometric logging.

Latest prices

ASX A$ 0.18

Latest Prices

TradeTech U3O8 spot US$29.00/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