Bigrlyi Joint Venture
(Energy Metals Limited 72.39%, Elevate Uranium Limited 20.82%, Noble Investment Pty Ltd 6.79%)
The Bigrlyi Joint Venture covers exploration licences located in the Ngalia Basin approximately 320 km north-west of Alice Springs in the Northern Territory. The Bigrlyi deposit is a sandstone-hosted roll-front type uranium deposit with a total Mineral Resource of 21.1 Mlb U3O8 at 1,283 ppm U3O8 (14.0 Mlb U3O8 at 1,366 ppm U3O8 in the Indicated Resource Category and 7.1 Mlb U3O8 at 1,144 ppm U3O8 in the Inferred Resource Category) and also contains a vanadium resource of 19.7 Mlb V2O5 at 1,197 ppm V2O5 (19.7 Mlb V2O5 at 1,197 ppm V2O5 in the Indicated Resource Category and 6.3 Mlb V2O5 at 1,020 ppm V2O5 in the Inferred Resource Category).
The mineral resources of the Sundberg, Hill One and Karins deposits are also included in the Bigrlyi Joint Venture.
The location of Bigrlyi, Sundberg, Hill One and Karins is shown on the Figure 1.
Walbiri Joint Venture
(Energy Metals Limited 77.12%, Elevate Uranium Limited 22.88%)
Walbiri is a sandstone-hosted roll-front type uranium deposit with an Inferred Mineral Resource of 15.5 Mlb U3O8 at 641 ppm U3O8 located in the Ngalia Basin of the Northern Territory (see Figure 1).
Malawiri Joint Venture
(Energy Metals Limited 76.03%, Elevate Uranium Limited 23.97%)
Malawiri is a sandstone-hosted roll-front type uranium deposit with an Inferred Mineral Resource of 1.2 Mlb U3O8 at 1,288 ppm U3O8 located in the Ngalia Basin of the Northern Territory (Figure 1).