Company Overview

Uramet Minerals Limited is an ASX listed exploration company targeting base metals, phosphate and uranium in Central Australia.

Uramet´s tenements cover 5,061 km² (square kilometres) of which 4,754 km² are in the Northern Territory, the remaining 307 km² in Queensland.

The Company raised $7 million in its initial public offering and commenced trading on the ASX on 19 June 2007.

Since then, several major programs have been completed, including reconnaissance drilling for uranium; major geophysics surveys (gravity, IP and VTEM) and drilling for base metals; and mapping, sampling and drilling for phosphate. 

At the Box Hole lead-zinc project, promising RAB and RC drill targets were selected from the results of Uramet’s exploration work, including geophysics, detailed mapping, sampling, and soil geochemistry.  A program of RAB drilling was completed in July 2008 and initial evaluation of results suggests deeper drilling is warranted.

Uramet´s tenements and expertise are focussed on the Georgina Basin, which hosts most of Australia´s major phosphate deposits (and which is very prospective for base metals as well).  High phosphate grades encountered in outcrops on Uramet´s tenements in the Marqua Project area were followed up in 2008 by mapping and sampling programs targeting phosphate/uranium.  A drilling program was completed at Marqua in September 2008.