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Oil Shale Prospects, Northern Territory - Mr John Karajas, Director


Lucky U (EL25329)

The “Lucky U” prospect in the Harts Ranges, has 2 significant rock chip assays grading 46.4% U and 2.95% U along an interpreted NW structure. The high “nuggety” grades are believed to be a result of uranium remobilization within shear zones. There are also a number of high grade rare earth and base metals rock chip assay, within and adjacent to Lucky U, that suggest some similarities to Arafura’s Nolan Bore REO-U deposit (135km NW of Alice Springs). Airborne uranium anomalies located near these high grade rock chips have not been sampled or drilled and offer excellent potential for a series of small - medium tonnage, high grade uranium deposits. The tenement has granted status.