Miramar Resources (ASX:M2R) is touting the possible uranium potential of its Bangemall Projects in Western Australia’s Gascoyne region, having identified multiplied ‘very large’ uranium targets in the area.
The company says regional radiometric data from across the project area shows several ‘high-amplitude’ uranium anomalies that stretch over at least 100km of strike and across multiple Miramar tenements.
Specifically, Miramar reports the discovery of a ‘well-defined’ 60km-long uranium anomaly within its Cheyne Springs target towards the northern end of the Edmund Basin.
The company says this anomaly is ‘virtually unexplored’ except for a few wide-spaced rock chip samples collected from the area, and these samples returned up to 246 parts per million uranium.
Miramar is currently working towards the grant of tenement applications at Cheyne Springs and the adjacent Blue Bar target.
It’s pertinent to note that Western Australia currently has a ban on all new uranium projects — as it stands, the only 4 approved uranium projects in the state received their approvals under the former Liberal National Government before the Labor Party’s election in 2017.
The Western Australian government has made no indications that it plans to remove this uranium ban, but growing global support for nuclear power — alongside calls to lift the ban from Australian industry groups such as the Minerals Council of Australia — have some stakeholders in the WA uranium space hopeful that the ban could be reviewed soon.
In any case, Miramar Executive Chairman Allan Kelly says the company’s Bangemall landholding has the potential to host multiple commodities and deposit types.
“Proterozoic orogens throughout Australia and worldwide host many large base and precious metal deposits, and we believe the Capricorn Orogen should be no exception.
Whilst our current focus is on exploring for Norilsk-style nickel, copper, and platinum group elements at our Mount Vernon and Trouble Bore Projects, we have a very long list of attractive exploration targets we aim to systematically explore.”
“we have a very long list of attractive exploration targets we aim to systematically explore”
Alongside its Gascoyne assets, Miramar also owns three ‘underexplored’ gold projects near Kalgoorlie in Western Australia’s Eastern Goldfields.
These include the Gidji Joint Venture, of which Miramar owns 80%, the Glandore Project, and the Randalls Project.
Write to Joshua Smith at Mining.com.au
Images: Miramar Resources