ASX-listed Uranex has revealed that its geology team identified several new mineral anomalies in commodities including graphite occurrence on the Nachu tenement, along with gold, base metals, coal and REE on tenements that are external to the main project areas of Mkuju and Manyoni.
The company advised that this year it will utilise consultant geologists and specialists in the relevant mineralisation to assist the Uranex geologists based in Tanzania and that apart from any follow-up drilling activities, the planned activities are relatively low cost.
Further, Uranex said that initial on-ground activities will commence in May 2013 after the wet season finishes in most areas. The schedule for activity on each individual tenement will be determined by the ability to access the tenement and density of vegetation following the wet season along with avoiding disturbance to crop harvesting activities.
As a result, the company noted that it will focus its exploration activities for 2013 on the next phase of exploration on the regional tenements but will also continue limited initial exploration on the remainder of its least explored uranium tenements not covered during 2012.
Uranex has several tenements with uranium anomalies both in the Mkuju and Manyoni areas that it says have not been fully explored for uranium potential.
The company said that this year it intends to have a limited programme of ground based geological mapping and scintillometer surveys on these tenements. To advance the Likuyu North uranium project, the company aims to have an appropriate consultancy conduct a preliminary review of the suitability of in-situ leaching for this deposit.