Advancing the Yarramba Uranium Project
Koba Resource is an Australian resources company with a focus on uranium in Australia’s premier uranium mining jurisdiction, South Australia, home to three uranium mines.
Koba Resource is an Australian resources company with a focus on uranium in Australia’s premier uranium mining jurisdiction, South Australia, home to three uranium mines.
Koba’s 4,900km2 Yarramba Uranium Project is located in the Frome Embayment in close proximity to two of these operating uranium mines. Defined resources within the Frome Embayment exceed 250mlbs of U₃O₈. This mineralisation primarily occurs in paleochannel-hosted deposits. The Yarramba Project itself includes over 250km of highly-prospective paleochannels. Previous exploration within Koba’s Yarramba Project has delineated extensive uranium mineralisation, including the 4.6mlb Oban Uranium Deposit, which demonstrates the enormous potential for Koba to make sizeable discoveries
Yarramba Uranium Project
Koba has acquired the right to earn at least an 80% interest in over 4,900km2 of highly prospective tenure in South Australia – amongst significant uranium operations.
The Yarramba Uranium Project is located:
- 17km north of the Honeymoon Uranium Operation – where production recently commenced and resources total 71.6mlbs of U₃0₈ at 620ppm U₃0₈; and
- 120km southeast of the Beverley Uranium Operation – with production of >40mlbs of U₃0₈ during 20 years of continuous operation and where defined resources comprise 165mlbs @ 2,766ppm U₃0₈.
The Oban Uranium Deposit is the most advanced prospect within the Yarramba Project. In 2009 Curnamona Energy Limited announced an Inferred JORC 2004 Resource Estimate for the Oban Deposit that comprised:
- 8.2 Mt @ 260ppm U₃0₈ for 4.6mlbs of U₃0₈*
*Applying a grade thickness cutoff of 0.015 metre-% U₃0₈ (150 metre-ppm U₃0₈)
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