The Amadeus Basin Project in the NT provides Toro Energy with exposure to a highly prospective region for roll-front and structure-controlled sandstone-hosted uranium deposits. The Amadeus Basin hosts the nearby Angela-Pamela deposits, 20 km south of Alice Springs, together with a number of smaller uranium occurrences. Toro Energy is about to embark on a drilling program aimed at testing the Angela redox model within the Waterhouse tenement. Toro has also rationalised it’s ground position in the basin via the relinquishment of low priority tenements and by lodging new applications over more prospective ground.
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The Birrindudu Uranium Project is a JV with uranium-major, Cameco, and covers 1535 km2 of the highly-prospective Birrindudu region of northeast Western Australia. The geology of the project area includes Palaeoproterozoic metasedimentary rocks of the Tanami Group that are unconformably overlain by the Mesoproterozoic Birrindudu Group, analogous with the geological setting of the Alligator Rivers Region of the Northern Territory, which hosts the world-class Ranger, Jabiluka and Koongarra uranium deposits. This portion of the Birrindudu Basin overlying the western Granites-Tanami Complex has exceptional potential to host “blind” Proterozoic unconformity style uranium deposits. During 2010, Toro undertook an RC and aircore drilling program to improve geological understanding and to target the priority EM anomalies. This resulted in the discovery of a sulphidic-graphitic alteration zone in the Gardiner Sandstone adjacent to a major structure. Follow-up drilling is planned for 2011.
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The Kintore Uranium Project in the NT covers a single tenement application adjacent to the highly-prospective Lake Mackay Project on the WA-NT border, 600km west of Alice Springs. Similar prospectivity is envisaged, including iron oxide-copper gold in the Mount Webb Complex, roll-front uranium in the Amadeus Basin, palaeochannel uranium in buried Tertiary sand units that drained toward the former Lake MacDonald, and calcrete uranium in near-surface evaporitic sediments around the fringe of the current lake.
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The McArthur Uranium Project covers a broad geographical area but encompasses one common element, the Palaeo- to Meso-proterozoic McArthur Basin. This Basin and its basal unconformity are associated with all the major uranium deposits in the Northern Territory, including Ranger, Jabiluka, Koongarra, Nabarlek and Westmoreland. The tenements cover a variety of geological settings and uranium model types, including unconformity, structure-associated and phosphate hosted. One tenement also has significant ‘sedex’ base metal potential.
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Toro Energy has acquired a significant tenement holding in the Reynolds Range region of central NT, which is considered to be highly prospective due to it’s likeness to the Frome Embayment in South Australia and the Kazak basins, having a highly-radiogenic uplift area of the Reynolds Range in the south and Tertiary outwash fans emanating to the north. Historic drilling has identified appropriate sedimentary facies and redox features to support the model. Toro has flown close-spaced Tempest EM over some of the prospective covered areas and has used this to generate targets for drilling in 2010. The drill program provided instant success, with redox fronts and anomalous uranium discovered within thick porous sands. This opens up the entire Reynolds Range area as a uranium province. Meetings with traditional owners in relation to applications on ALRA land are planned for early 2011 and Toro is confident that agreements can be put in place soon after.
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Toro Energy has applied for numerous exploration licenses in the Tanami Desert region, within Aboriginal Freehold Land in the NT and Pastoral land in adjacent WA. This region comprises analogous geology and tectonics to the Alligator River region to the north, which hosts the world-class Ranger and Jabiluka uranium deposits. Historic exploration data indicates the correct attributes to host ‘unconformity style’ uranium mineralisation and there are numerous small shows in the area. Toro is advancing exploration agreements with traditional owners via their representative body and is confident that exploration will begin in 2011. Some tenements are advanced sufficiently that drilling may proceed immediately upon grant, while other require acquisition of airborne geophysical data.
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The Wiso Uranium Project involves the greenfields Wiso Basin that has received very little attention in the past, as it has been viewed only as a petroleum province, analogous with the gas-producing Amadeus Basin. A sedimentary hosted uranium model, akin to the Angela and Bigrlyi deposits, has not previously been interpreted for this basin despite many similarities with the Amadeus and Ngalia Basins. Toro Energy flew a SkyTEM airborne electromagnetic (AEM) survey during 2010 to resolve the geometry, depth and thickness of the Wiso Basin sequence and determine its relationship with the adjacent Aileron Province. This provided a foundation for drilling programs in 2011.
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In December 2006, Nova Energy (Namibia) was granted three Exclusive Prospecting Licences ("EPLs 3668, 3669 and 3670") in Namibia for nuclear fuel and base and rare metal exploration. The licences cover areas considered to be prospective for primary Alaskite hosted-Rossing-type mineralisation and superficial Langer Heinrich-type calcrete uranium mineralisation.
Since 2008, exploration Reptile has operated on the three tenements in a JV. On 31 December 2010 Reptile completed and Earn-In of $3.5m Aus to obtain 65% shareholding in Nova Energy Namibia. Other partners are Sixzone 10% and Toro Energy 25%.
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The Gawib West EPL3668 is located about 12km west of Paladin's Langer Heinrich deposit and covers part of the upper Tumas drainage. The Langer Heinrich channel is interpreted to have once flowed directly west into the upper reaches of the Tumas drainage system. The photograph shows the surface features in this area down-stream of the Langer Heinrich deposit. Initial drilling of the channel that drains downstream of Langer Heinrich was unsuccessful with a number of drill holes failing to penetrate to basement.
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The Tumas North EPL3669 is located about 24km southwest of Swakopmund and covers part of the northern arm of the Tumas drainage system. The tenement contains bedrock alaskites and superficial calcretes, both of which have the potential to host uranium mineralisation. Initial reconnaissance and alpha cup sampling has been carried out over the Tumas North (EPL3669) tenement. Results of this survey and scintillometer data are being analysed.
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Chungochoab is a large EPL (3670) that covers a tract of land about 80km south-southeast of Swakopmund. Three anomalies are evident on airborne radiometric data. Two of these cover area underlain by calcrete and have been the subject of an alpha cup survey. The results show significant radon signatures over potential palaeochannel areas, which align with the more regional radiometric data. Drilling has been planned to test these anomalies in 2009.
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