Koba Resources is an Australian resources company exploring high-grade uranium projects in one of the world’s premier uranium mining jurisdictions South Australia, which is home to all three of Australia’s producing uranium mines.
Koba’s 4,900km2 Yarramba Uranium Project is located in the Frome Embayment in close proximity to two operating uranium mines and where defined resources exceed 250Mlbs of U₃O₈. This mineralisation primarily occurs in paleochannel-hosted deposits. Previous exploration within Koba’s Yarramba Project has delineated extensive uranium mineralisation, including the 4.6Mlb Oban Uranium Deposit. Further, the Yarramba Project includes over 250km of highly-prospective paleochannels which provide outstanding potential to discover large, high-grade uranium deposits.
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 U₃O₈ at 620ppm U₃O₈; and
- 120km southeast of the Beverley Uranium Operation – with production of >40Mlbs of U₃O₈ during 20 years of continuous operation and where defined resources comprise 165Mlbs @ 2,766ppm U₃O₈.
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 U₃O₈ for 4.6Mlbs of U₃O₈*
*Applying a grade thickness cutoff of 0.015 metre-% U₃O₈ (150 metre-ppm U₃O₈)
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