Australian uranium miner Boss Energy has won an application to explore a potential new uranium province in South Australia.
The four highly prospective tenements from the Kinloch project are located around 130km from Boss’ Honeymoon uranium project in the northern Murray Basin.
The mineral rights are held in a shared arrangement with copper developer Coda Minerals and cover an area of 3184 square kilometres.
Boss aims to target palaeochannel sediments known as the Renmark Group, which is broadly analogous to the Eyre formation located within the Lake Eyre Basin that hosts Boss’ Honeymoon, Jason’s, Gould’s Dam, Billeroo and Sunrise uranium deposits.
“We sincerely thank the Government of South Australia for entrusting this exceptional exploration acreage to Boss and Coda,” Boss managing director Duncan Craib said.
“Boss has a thorough understanding of the geology style and its uranium potential due to its striking similarities with the geology at Honeymoon and surrounding areas.
“Boss will apply its wealth of exploration knowledge and in-depth understanding of uranium to the Kinloch Project area with the aim of establishing a new uranium province.”
The tenements were applied for recently as part of an exploration release area process covering Cambrian-Ordovician Delamerian Orogen basement rocks and the overlying Cenozoic Murray Basin sediments in eastern SA.
The application follows Boss’ announcement of expansion at its Honeymoon project with two new satellite prospects.
A significant potential for more uranium was discovered by scout drilling at the Billeroo and Sunrise prospects just 80km from Honeymoon.
“We have abundant exploration upside at Honeymoon, as shown by these results and the recent success at Gould’s Dam,” Boss managing director Duncan Craib said of the discovery.
“We intend to drive exploration hard with the aim of unlocking this value. This will enable us to continue growing the inventory which will in turn underpin increases in the mine life and production rates.”