GR249 Davenport Project Joint annual technical report 17 March 2013 to 16 March 2014

Abstract

Areva's Davenport Project targets palaeochannel hosted uranium mineralisation within Tertiary sediments and sandstone hosted mineralisation in the Devonian sandstones within the Wiso and Georgina Basins. The exploration concept for the Davenport Project models uranium leaching from uraniferous rich basement of the Davenport and Aileron Provinces (source) into a palaeodrainage system (transport) with reduced Devonian and Tertiary units potentially trapping uranium. Historically, the Wiso and Georgina Basins have primarily been targeted for petroleum, phosphates and base metals, with very minimal uranium focused exploration. For the year ending 2014, work has included a Versatile Time Domain Electromagnetic (VTEM) geophysical survey and technical reviews for the Project area which focused on mapping the Tertiary units of the Southern Wiso and Georgina Basins. The VTEM geophysical survey performed during the reporting year highlighted interesting conductive bodies interpreted as Tertiary palaeochannels. The Devonian sandstones are still considered an exploration target and both the Tertiary and Devonian Formations will be drill-tested during the next reporting period.