Norfolk Metals Limited (ASX:NFL) is preparing to commence exploration work at its wholly owned Orroroo Uranium Project, located in South Australia, targeting greenfield uranium discoveries in the Walloway Basin.
• Initial work will comprise a downhole geophysical survey (Spectral Gamma and PFN) across five prioritised historical petroleum wells at Orroroo providing imminent understanding on the uranium prospectivity
• All necessary approvals have been received with geophysics contractor scheduled to commence February 2023
“Commencing work at the company’s second listing asset is a great milestone for the Company and its shareholders,” Executive Chairman Ben Phillips said.
“The geophysical programme will provide imminent additional understanding on the prospectivity of the Walloway Basin, which NFL controls the vast majority off. South Australia is a well endowed uranium state and NFL has targets selected on strong gamma anomalies with exciting potential when compared to known roll front uranium deposits in South Australia. We look forward to updating our shareholders as work progresses at Orroroo.”
Orroroo Exploration Project Summary
• Norfolk owns 100% of two Exploration Licences (EL) totalling 659sq. km covering the inferred limits of the Walloway Basin, which together comprise the Orroroo Uranium Project.
• The Walloway Basin has never been explored for uranium despite being the same age as sediments observed in the Frome Embayment. The Frome Embayment is host to Four Mile, Oban, Beverly and Honeymoon uranium resources.
• Historical exploration undertaken by Linc Energy throughout 2009 to 2011 produced results delineating coal. The coal measures are considered a prime reducing environment for the precipitation of uranium mineralization.
• The potential for uranium is underpinned by open file reports that reveal several strong gamma anomalies typical of the “oxidised tails” of roll-front style mineralization (e.g., Four Mile and Honeymoon).
• Initial work will comprise a downhole geophysical survey (Spectral Gamma and PFN) of historical petroleum wells to better understand the source of the gamma anomalies and assist in ranking and prioritising targets for drill testing.
For further information please visit: https://norfolkmetals.com.au/
