Western Australia

Canning Basin Uranium Project. In the Canning Basin, Western Australia the Company has assembled a group of 5 exploration licences and applications covering two large airborne radiometric anomalies situated around 120km South East of Derby and close to a sealed highway.

Western Australia In the Canning Basin, Western Australia the Company has assembled a group of 5 exploration licences and applications covering two large airborne radiometric anomalies situated around 120km South East of Derby and close to a sealed highway. The project comprises of an agreement with Rey Resources Ltd. Concerning the uranium rights on two granted exploration licences covering part of the Myroodah uranium prospect, an agreement with Paul Askins covering two exploration licence applications over the Mudjalla uranium anomaly, and the Myroodah West Licence application held 100% by UXA.

Previous exploration for uranium, conducted more than 20 years ago, shows that the airborne uranium anomalies represent sandstone hosted uranium in Triassic and Jurassic age – flat lying sandstone units. As such there may be potential to prove up a sandstone hosted uranium exploration for this style of uranium mineralization where disequilibrium is often present.