Foley has the potential to host a roll-front uranium system with little or no signature at surface. Roll-front deposits can be very high grade.
Similar setting as Letlhakane to the south, targeting uranium near base of the Karoo sediments
Surface radiometric anomalism to be tested by shallow drilling.
Ilala’s target is paleo-drainage hosted uranium, either calcrete or lacustrine hosted. Two of Ilala’s Ngamiland PLs include large paleo-drainages: Khaudum and Chadum. Historical exploration in these areas has identified radiometric anomalies and samples exceeding 100ppm U.
The next phase of exploration will include an airborne radiometric survey, rock and sediment sampling and reverse circulation (RC) drilling is scheduled to further delineate the resource potential.
Airborne radiometric and magnetic survey planned and drill permitting already underway for approval prior to ASX listing.
