28% Equity Investment
The Yarlarweelor uranium project is located 125 km north of Meekatharra in Western
Australia. Empire Resources Ltd holds an indirect 28% interest in the 656 sq km project
through its shareholding in FYI Resources Ltd.
Previous exploration during the early 1980s discovered primary uranium mineralisation
in the form of uraninite at five locations within the project area. Four of these
occurrences are from within the Archaean Despair Granite where limited drilling showed
the uraninite mineralisation to be hosted in multiple parallel shear zones and the
adjacent granites. At Mica Bore uranium mineralization and anomalous gold is
associated with pyrrhotite-actinolite rocks in the vicinity of radiometrically anomalous
pegmatites.
The presence of significant uranium mineralization was confirmed by FYI Resources at
the Kangaroo Ridge prospect in 2010 when they intersected wide zones of uranium
mineralization associated with biotite schists in granite returning drill intersections such
as:
• 35m @ 503ppm U3O8 from 125.1m, including 5m @ 1,069ppm U3O8
• 7.8m @ 588ppm U3O8 from 47.8m, including 1m @ 1,873ppm U3O8
The mineralized biotite schists are related to shear zones developed within the
Archaean Despair Granite. Results from a previous detailed airborne radiometric survey
and geological mapping indicates shear zones with a combined strike length in excess
of 25 km exist within the project tenements and may be prospective for uranium
mineralization. Detailed prospecting has confirmed the presence of numerous other
uranium prospects within the Despair granite.
Preliminary metallurgical testwork has confirmed the Yarlarweelor mineralization is
amenable to recovery by simple acid leaching.
Low level aerial radiometric surveys have also highlighted a broad 16 km long thorium
drainage anomaly running through the centre of E52/2478, which has as its source a
large, 800 metre diameter prominent circular thorium and minor uranium anomaly in the
northern part of E52/2095. This anomaly is coincident with a number of small magnetic
highs. The source of the circular thorium anomaly is not known but may indicate
possible potential for the discovery of rare earth elements at Yarlarweelor.
Radiometrics – Total Count