Anatolia Energy Limited (AEK) has been delisted from the Australian Securities Exchange (ASX)
Anatolia Energy Limited (AEK)
is a publicly listed company on the Australian Securities Exchange (ASX).
About Anatolia Energy
Anatolia Energy Ltd (ASX: AEK) is well placed to become a key explorer and miner in Turkey’s emerging uranium sector.
Anatolia Energy has a 100% interest in 9 licences covering over 18,000ha of ground, including several advanced exploration and development opportunities, in the central Anatolian region of Turkey (the Project).
Project activities in Turkey are undertaken by Adur Madencilik Ltd Sti (Adur), a wholly owned subsidiary company and duly registered in Turkey. Adur is considered to be one of Turkey’s foremost uranium exploration companies.
At the heart of Anatolia Energy’s quest is the Central Anatolia region which the Turkish government identified as one of the nation’s key uranium districts. The Project area is located about 220km east from the Turkish capital of Ankara and is a comfortable 3 hour car journey along well maintained bitumen roads. The Project area is serviced by an established infrastructure network centred on the regional towns of Yozgat and Sorgun.
Uranium was first discovered by the Uranium Division of the Department of Energy, Raw Material and Exploration (MTA) in the early 1980s. MTA continued to explore the region for the next 10 years.
Following a change to the Turkish Mining Law in 2004 the private sector has been able to explore for radioactive substances. Anatolia Energy, through Adur, commenced exploration in 2010 and confirmed the MTA’s findings. The Temrezli uranium deposit has a stand-alone Mineral Resource Estimate of 13.3Mlb.
Anatolia Energy has engaged Tetra Tech Inc (Tetra Tech) to prepare a Canadian National Instrument 43-101 (NI 43-101) format compliant Pre-Feasibility Study (PFS) for the purposes of identifying the principal capital and operating costs associated with the establishment of an ISR uranium processing facility.
Landowners, the local community and the local municipality of Sorgun all support their current and planned exploration activities and have consented to further drilling at Temrezli.
The Sefaatli project has been strengthened by the granting of two new exploration licences by the Mining Bureau for Group VI minerals. They will expire on 16 May 2018.
The new licences extend over a combined area of 8,963ha and, together with the granted licence 2008/10035, extend over the entirety of the Sefaatli uranium occurrence discovered by the MTA in the mid 1980s.
The Sefaatli project area contains the district’s most significant uranium occurrences outside of their Temrezli project area.
The size of the Sefaatli project area is approximately 50km2 and is centred on the small village of Deliler, located some 10km from the regional centre of Sefaatli.
MTA drilled 171 reconnaissance RC holes for some 21,340m of drill advance. A single diamond bore hole was drilled for metallurgical purposes.
MTA intersected uranium mineralisation in many of the drill holes. Closer spaced drilling at intervals between 100m and 300m in two of the better explored areas at Tulu Hill and Deliler intersected uranium mineralisation over two areas of approximately 1,500m by 1,000m.
MTA ceased exploration at the end of 1985 without drilling deeper than 150m and leaving the Sefaatli project area with uranium mineralisation open in all directions at the Tulu Hill and Deliler sites. There are a number of other near-site occurrences of uranium mineralisation which requires further evalution.
Preliminary bottle roll and column leach test work by the MTA on two Sefaatli samples returned a head grade of 1,700ppm and 2,400ppm U 3O8 and achieved 90% uranium extraction using either an acid or alkali recovery process.
Adur recently completed its Phase 1 drilling at the Deliler and Tulu Tepe uranium prospects, and is pleased to announce the proposed Phase 2 drilling will commence in March 2015, for a minimum of 40 holes advancing over 7,000m. The Phase 2 drilling program will be completed at a density sufficient for resource estimation and sufficient core material will be obtained at both Deliler and Tulu Tepe for preliminary metallurgical “bottle roll” test work, and chemical and “closed can” radiometric analyses for disequilibrium studies. These studies will be necessary for the estimation of an initial resource.
Deliler drilling focussed in areas where previous drilling in the 1980s intersected widespread uranium mineralisation open in all directions. Drilling was a combination of diamond core (HQ) and rotary methods, for 41 holes and a drill advance of 4,600m. Whilst most holes intersected two or more lenses, and one hole up to 5 stacked lenses, drilling confirmed a consistently mineralised horizon which lies between 950-975m asl.
RegionalRegional exploration will focus on the discovery of additional sedimentary hosted uranium occurrences. Recent geological mapping has confirmed a number of prospective sites within their tenement package.
Anatolia Energy Limited
80 Colin Street
West Perth, WA
+61 8 9321 5245
Fax: +61 8 9321 5036