Adavale Resources Limited (ASX: ADD) has received notification of the grant of exploration licence EL6957 (formerly ELA 2023/00043) (Mundowdna South), which is contiguous to and south of the company’s existing Mundowdna licence EL6821. The new licence covers 591km2, which includes a large recognizable alluvial outwash system shedding from the central northern part of the Flinders Ranges, significantly expands the Mundowdna exploration package and the company’s overall uranium tenure in South Australia.
Adavale’s executive director, David Riekie commented: “This new licence significantly expands our ground holding in a highly prospective Uranium province. A thorough interrogation of the comprehensive. publicly accessible dataset available, has assisted Adavale to identify interpreted palaeochannel systems and refine priority targets within its tenure. The outwash and paleochannel systems shedding from the Flinders Ranges appear to be the most prospective for uranium. On this basis, Adavale is confident to progress its exploration plans.”
The granted Mundowdna licences are located near the northern edge of the Flinders Ranges, which are recognized as the source of the uranium that is mobilised into and eventually deposited into palaeochannel systems by saline groundwater shedding from the Ranges. Mundowdna South (EL6957) is within 20km of the change from a narrow channel shedding from the ranges into a broad fluvial outwash (palaeochannel) system. These palaeochannel systems in South Australia are host to several world class sandstone uranium deposits such as Beverly, Four Mile, Junction Dam, Gould’s Dam and Honeymoon.
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