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Stock Price:
MAN $
Badja Uranium Project - Yalgoo, Western Australia

The Badja Uranium Project, which is located 600kms north of Perth near Yalgoo, covers a 30km long by up to 2km wide palaeochannel, located within granitic terrain. The channel is characterised by extensive calcrete occurrences that correlate with the elevated uranium responses interpreted by Southern Geoscience from the airborne radiometric survey sourced from Geoscience Australia (Survey P1060). This uranium anomaly was modelled on the Yeelirrie Style of calcrete hosted uranium mineralisation.

Previous exploration by Magna located four coincident airborne radiometric and MMI geochemical anomalies within the Badja drainage-salt lake system. During the September 2007 quarter an 18 hole drilling program was completed with a total of 584m of vertical aircore being drilled to an average depth of 32m, ranging from 5 to 65m in depth.

Previous exploration by Magna identified coincident MMI and Spectrometer uranium anomalies for four target areas. Air core samples were taken at one metre intervals for logging and sampling purposes with the majority of the samples consisting of moist to wet clays.

ALS Laboratories reported <0.001% uranium (i.e. <10ppm Uranium) for all Badja drill samples. Spectrometer readings also supported an XRF analysis as being consistently low i.e. <15.8 eUppm.

Consequently, the prospectivity of this project has been downgraded.



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