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The Serule Project is located immediately adjacent and down-dip of the 118Mlbs U3O8 Letlhakane deposit, and therefore is partly de-risked in terms of the ‘path-to-discovery’. Ilala’s initial drilling has confirmed that the uranium extends onto its ground, next stage is step-out drilling, targeting a deposit that can be mined by ISR
PRIORITY URANIUM PROJECT IS DRILL READY
First drilling will test the extension of the 118Mlb (U308) deposit ‘next-door’
Complete ESIA to allow for drilling: ~2 months
COMPLETE
In 2024 Ilala drilled 8 holes testing continuation, 7 of the 8 contain uranium mineralisation
Engage an ISR specialist early
Step-out drilling and ISR related test-work, followed by internal resource estimate
2013 A-Cap Energy Map showing its uranium intersection and mineralisation open to west
Ilala is targeting the west extension of the 118 Mlb U3O8 Letlhakane deposit; one of world’s top 10 undeveloped uranium deposits.
A-Cap Energy merged with Lotus Resources (ASX: LOT) in a A$65M deal in 2023.
