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Energia Minerals Limited (EMX)
is a publicly listed company on the Australian Securities Exchange (ASX).
About Energia Minerals Limited
Energia Minerals owns the historic Gorno Zinc Project located in the Lombardia region of northern Italy. The Company is fast-tracking the resource definition and pre-development of Gorno with the objective to recommence production in 2018.
Gorno Zinc Project
The Gorno underground zinc mine ceased operations in the early 1980s following a Government initiative for its then owner, ENI, to focus solely on oil and gas.
Historical production from Gorno recorded 6Mt at an average grade of 14.5% Zn+Pb yielding a high quality 57% Zn concentrate with low impurities. Energia has recently announced an Exploration Target of 6-10Mt grading 7-10% Zn+Pb.
Salafossa Zinc Application
Comprises of one zinc licence application. Discovered in 1959 and was mined by Societa Mineraria e Metallurgica di Pertusola SpA from 1964 until its closure in 1986.
Predil Zinc Application
Comprises of one zinc licence application. At the time of its closure in 1991 by ENI, Predil was producing approximately 50,000 tonnes of zinc and lead concentrates annually.
The Paterson Project comprising 1,616km2 in nine tenements is located approximately 250km north east of Newman at the western edge of the Great Sandy Desert in the Eastern Pilbara region of Western Australia. These tenements are close to several world class mineral deposits including Nifty (39.96Mt grading 1.97% copper), Telfer (400Mt grading 0.93g/t gold, 0.18% copper) and Kintyre (4Mt grading 0.58% U3O8)
Nyang ISR Uranium Project
The Nyang Project is located about 960km north-northwest of Perth and approximately 150km south-east of the coastal town of Exmouth in the Carnarvon Basin, Western Australia.
On 1 June 2015, the Company signed a Heads of Agreement to sell its Carley Bore Uranium Deposit, within the Nyang Project, to Paladin Energy Limited, owner of the neighbouring Manyingee Uranium Project.
The Nyang in-situ leach (ISR) Uranium Project consists of one Exploration Licence application (E08/2735) located midway between the Manyingee and Carley Bore uranium deposits now owned by Paladin Energy Limited (PDN). Energia sold the Carley Bore deposit to PDN in exchange for 45 million PDN shares and $1.6 million cash.
The Company’s interest in the area now comprise one tenement under application and two tenements under plaint that are currently owned by Cauldron Energy (CXU) and which are located between and along strike of Paladin’s Manyingee and Carley Bore deposits along the highly prospective eastern margin of the Carnarvon Basin. The Wardens Court has recently handed down a recommendation to the Minister that CXU’s application for expenditure exemption for the disputed tenements be refused. It is anticipated that Energia’s application for forfeiture will now proceed following endorsement of the Wardens decision to refuse CXU’s exemption application. These three tenements cover an area of 1,536km2 and are prospective for hosting similar roll front uranium occurrences as delineated at Carley Bore and Manyingee.
The Company has two applications for Exploration Licences (McArthur EL25272 and Westmoreland West EL25269) totalling 909km2 in the Northern Territory. Open file data has been obtained and reviewed for these leases and assessment and interpretation is underway, with an aim to establish the potential of noted mineral occurrences on these leases, and generate further targets for investigation.
The McArthur Tenement covers the western margin of the McArthur Basin and is prospective for copper, zinc and lead. It lies approximately three kilometres to the west of Pacifico Minerals Ltd’s (ASX: PMY) newly discovered Coppermine Creek prospect.
Energia Minerals Limited
Suite 6, Level 2
20 Kings Park Road
West Perth, WA
+61 8 9321 5000
Fax: +61 8 9321 7177
The General Overview, Services, Products and Projects information for this profile was last edited on 22 Sep 2016.