Locality Map

Investment Highlights

AusIMM Presentation: 20th June 2008; AusIMM presentation by Andrew Bisset, U3O8's Chief Geophysicist - "High Resolution Radiometric Surveying in the East Kimberley Region of Western Australia".

Boardroom Radio Broadcast - Tempest Survey highlights coincident EM & Uranium anomalies: 20th May 2008; Listen to an audio broadcast with Stephen Mann, Managing Director in a presentation entitled "U3O8 Limited (UTO) - Tempest Survey Identifies Major Coincident Uranium Anomalies - Mr Stephen Mann, MD".

U3O8 Limited's Regional Ashburton Joint Venture with Cameco: 3rd October 2007; The Directors of U3O8 Limited are pleased to announce the U3O8 - Cameco Regional Ashburton Uranium Joint Venture.

Paddy Well

(U3O8 Limited 100%)

Significant zone of copper, gold and uranium mineralisation identified by previous explorers.

The Paddy Well project is located in the Gascoyne region of Western Australia, 250 kilometres east of Carnarvon. The project consists of one 28 square kilometre tenement, covering a zone of primary uranium mineralisation in metamorphic rocks of the Lower Proterozoic Mooloo Formation, including calc-silicate gneisses, graphitic and pelitic schists at or near an unconformity with a once extensive sandstone basin (Mt James Formation). Within an area 5 kilometres long and 500 metres wide, numerous radiometric and electromagnetic anomalies have been identified (Area 16) by previous explorers.

Significant uranium mineralisation is associated with magnesian chlorite alteration in a sulphidic graphite schist with assays from drilling up to 0.44% U (4400ppm U) within 4 metres @ 0.12% uranium and 8 metres @ 0.09 % uranium including 1 metre @ 0.37% uranium.

Subsurface uranium mineralisation (>100ppm U) was outlined by drilling over an open-ended zone. Gold values include 2m @ 0.4 g/t Au, with Cu to 0.15% and Pt + Pd to a maximum of 58 ppb.

Primary mineralisation at the main zone occurs in a vein network 5 metres wide, and consists of uraninite within a 14 metres chlorite halo. Associated elements include Fe, Ca, Mo, Au, Cu, Ni, Co and Bi. Alteration includes quartz replacement, calcite-siderite-ankerite-pyrite, and actinolite. Microprobe analysis detected uraninite grains in chloritic altered schists. The composition of chlorite is similar to alteration related chlorite from the Jabiluka deposit (33.9 million tonnes @ 0.48% U₃O₈).

Several other prospects with anomalous uranium and alteration have been defined within the 5 kilometre long Area 16 zone.

It is proposed to fly a detailed magnetic and radiometric survey over the Paddy Well tenement, followed by reverse circulation drilling of the main anomalous area.