EL 33201 Partial Relinquishment Report 12 January 2023 to 12 January 2025

Abstract

This is the partial relinquishment report for EL 33201, the relinquished portion is located approximately 85-120km North-West of Alice Springs. The license is owned and operated by URO Corporation. EL 33201 is part of URO Corporations strategy to explore for precious and base metals, uranium, REEs, energy transition metals and PGEs. Multiple deposit style models will be considered, including IOCG-U, felsic intrusion-related uranium and rare earths, palaeochannel-related calcrete and redox style secondary uranium, mafic intrusion-related nickel, copper, vanadium and PGEs, and polymetallic metamorphic-related deposits. An important feature in the northern part of the tenement is the Hann Range. The range and its surroundings comprise a variety of rock types, including, metamorphic rocks, schists, gneisses, and marbles are common in the area, indicating a history of intense geological activity. Several quartz blows have been identified using satellite imagery and need to be ground tested and sampled. The region is affected by various geological structures, including fault zones, shear zones, and fold structures. These features may host mineral deposits, particularly along fault zones where mineralisation can occur. Work done in the reporting period included desktop studies of all related 3rd party and government data. No groundwork was completed on the relinquished portion of the tenement, due to a combination of land-access negotiations, and lesser priorities to other more prospective areas in the tenement.