https://www.engineeringnews.co.za
Exploration|PROJECT|Resources|Drilling
Exploration|PROJECT|Resources|Drilling
exploration|project|resources|drilling

Koba acquires high-grade Canada uranium project

11th April 2024

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Koba Resources has entered into a four-year option agreement to acquire a 100% interest in the Harrier uranium project, in eastern Canada.

Amid strong uranium prices, the transaction follows the company’s acquisition of the advanced Yarramba uranium project, in South Australia, in January.

“Koba’s focus remains firmly on our Yarramba uranium project in South Australia, where drilling is set to commence next month. But the opportunity to acquire the extremely prospective Harrier uranium project, for minimal cost, was too good to pass up. This additional project allows us to continue to leverage on our North American uranium experience and will increase our chance of making a significant uranium discovery in the near term,” said MD and CEO Ben Vallerine.

The Harrier project includes nine exciting prospects. At each of these nine prospects rock chip assay results of more than 1.0% triuranium octoxide (U3O8) have been returned, including assays up to 5.83% U3O8.

Little exploration, or drilling, has been undertaken previously.

“This is some of the highest-grade uranium mineralisation in the world. We know there are big deposits in this district, with the 128-million-pound Michelin project located only 50 km east of our project. So not only is there potential to discover very high-grade deposits, they could also be very large,” said Vallerine.

The project is about 110 km north-west of the regional hub of Goose Bay.

Edited by Creamer Media Reporter

Comments

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.293 0.345s - 160pq - 2rq
Subscribe Now