UraniumSA Limited
ABN 48 119 978 013
1
UraniumSA Annual Report 2016
Annual Report - 30 June 2016
|
2
|
Corporate Directory
|
|
3
|
Overview
|
|
5
|
Directors' Report
|
|
13
|
Auditor's Independence Declaration
|
|
14
|
Financial Information
|
|
39
|
Directors' Declaration
|
|
40
|
Independent Auditor's Report
|
|
43
|
Additional Information
|
Corporate Directory
|
Directors
Alice McCleary
Non-Executive Chairman
David Paterson
Executive Director
Martin Janes
Non-Executive Director
Chief Financial Officer / Company Secretary
Damien Connor
Registered Office & Administrative Office
UraniumSA Limited ABN 48 119 978 013
Ground Floor, 28 Greenhill Road Wayville, Adelaide
South Australia 5034
Telephone +61 (0)8 8132 0577
Facsimile +61 (0)8 8132 0766 [email protected] www.uraniumsa.com.au
|
Share Registry
Computershare Investor Services Pty Ltd Level 5, 115 Grenfell Street
Adelaide SA 5000
GPO Box 1903
Adelaide SA 5001
Investor Enquiries (within Australia): 1300 556
161
Facsimile +61 8 8236 2305
Auditor
Grant Thornton Audit Pty Ltd
Level 1, 67 Greenhill Road Wayville SA 5034
Banker
National Australia Bank
Level 1, 22 King William Street Adelaide SA 5000
Australian Securities Exchange
ASX code: USA
Website
www.uraniumsa.com.au
|
Overview
UraniumSA Projects - post Demerger
MUCKANIPPIE - ELA 2016/00011 (EL 4694 renewal) is owned 100% by Fatjack Pty Ltd, a wholly owned subsidiary of UraniumSA. The tenure covers the Wigetty prospect which is an ilmenite-magnetite-apatite deposit, the historic Malbooma gold working and other un-named gold prospects, and various base metal and rare earth element prospects. UraniumSA has also progressed exploration on prospects referred to as Satisfaction Bore and White Nose Bore.
WHYMLET - ELA 2015/00126 in the name of Boston Minerals Pty Ltd (Boston), a wholly owned subsidiary of UraniumSA has been offered by the Regulator and accepted by the Company. The issue of an exploration licence should progress.
The area covers basement complex and cover sequence targets which are prospective for IOCGU, black-shale hosted and unconformity styles of uranium and base metal mineralisation. It sits on the western margin of the Cariwerloo Basin (refer page 5) underlain by a Hiltaba Granite intrusive. A review of past exploration data (SARIG database) has been completed. A total of 18 widely spaced holes have previously been drilled in two separate programmes within the project area. Three of these historic holes intersected elevated base metals within Tarcoola Sequence black shale and are regarded by UraniumSA as potentially anomalous (MER1, KIN2, KIN7, below). The raw data reported here is extracted from the SARIG database, it is historical in nature, and UraniumSA has not carried out any physical checks or checked assaying.
Anomalous zones within the Tarcoola Sequence black shales include:
MER1: 8m @ 1149ppm Pb and 1755ppm Zn from 78m and 12m @ 3360ppm Pb and 5434ppm Zn (max 1.3% Zn and 0.54% Pb) from 34m
KIN2: 2m @ 430ppm Zn and 390ppm Pb KIN7: 5m @ 301ppm Pb and 2173ppm Zn
WHYMLET project - ELA 2015/00126 Geological Interpretation overlain on State TMI image. Showing the interpreted extent of Hiltaba granite below cover sequence, basin margin structures and the location of metal anomalous drill holes.
SHEOAK HILL and LOCK - ELA's 2015/00113 and 2015/00114 were made by Boston.
Negotiations with the Regulator to reduce the application areas and amalgamate the applications continue. The area covers the Driver River airborne radiometric anomaly and the titles are prospective for unconformity style uranium mineralisation. The Driver River Prospect area will be a focus for initial assessments.
