GR617/22 Charley Creek South Project Group Annual Report EL 33054 and EL 33055 05 August 2022 - 04 August 2023

Abstract

This is the first Group Annual report for GR617 (EL 33054 & EL 33055), 'Charley Creek South', which is located approximately 130km North-West of Alice Springs from Alice Springs. The licenses are owned and operated by URO Corporation. EL 33054 and EL 33055 form part of URO Corporations strategy to explore for precious and base metals, uranium, Rare Earth Elements (REE), 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. Work done in the reporting period included a detailed project generation study using all publicly available government data. This consisted of a review of the regional geology, deposit types and previously conducted exploration in the project area. A surface sampling and field reconnaissance program was conducted over the project area. A total of 347 soil samples and 52 Rock Chip were collected over both EL 33054 and EL 33055. These samples were analysed using a portable XRF and a smaller selection of these were sent for multi-element assay. During the field campaigns, three separate geological domains were sampled highlighting the potential for rare earth elements in alluvial deposits, the radioactive nature of Teapot Granite, and interesting mineralization in specific rock formations, although some samples' origins remained uncertain. Scintillometer readings and portable pXRF data obtained from the alluvial deposits to the north of the ranges are encouraging. These findings suggest the presence of REEs within this region, making it a promising area for further exploration and assessment. Based on the work conducted this reporting period, it is recommended that further detailed sampling and drilling should be undertaken in year 2.