Eclipse Metals prepares to test Amamoor manganese deposits in Queensland with diamond drilling
The drilling program is scheduled to start in the Central area of historical mining activity, adjacent to the two best drill holes from the 2018 program.
Company
ASX:EMP
Emperor Energy Ltd (ASX:EMP) is a diversified energy company with upstream and downstream assets in Australia. The company’s flagship 100% owned Judith Gas Field is within the VIC/P47 Permit in the offshore Gippsland Basin, Victoria and is next to the BHP/ExxonMobil Kipper field. The completion of pre-front end engineering design (pre-FEED) for the provision of midstream infrastructure and services related to gas to be produced from Judith Gas Field has provided a clear understanding of the project design, management, time frame and costs involved in bringing the gas from Judith into the lucrative East Coast gas market.
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The drilling program is scheduled to start in the Central area of historical mining activity, adjacent to the two best drill holes from the 2018 program.
Emperor Energy and APA Group established a memorandum of understanding relating to the Judith Gas Project in October 2019.
The ground magnetometer survey will cover the main area of manganese workings prior to diamond drilling and is expected to facilitate more effective siting of drill holes.
The primary objective of a recent site visit was to hold consultations with the Traditional Owners for an extension of the tenement area.
The pre-FEED work for the provision of midstream infrastructure for the Judith Gas Field is underway.
Permits and contract personnel are in place with the program of work formalised to start the phase-2 diamond drilling program.
A draft exploration agreement will be negotiated to allow Eclipse Metals to begin exploration in tenements adjacent to Devil’s Elbow prospect.
The exploration program aims to locate, re-define and resample sites of historical high gold, palladium and uranium samples and radiometric anomalism.
The company was recently granted the Devil’s Elbow uranium, gold and palladium prospect by the NT Department of Primary Industry and Resources.
The initial scope of work will begin next month and requires one month to complete.
The brownfield granted tenement area will be independently valued to capture increased value in the company assets.
The placement was non-brokered and attracted strong demand from existing shareholders who qualify as sophisticated or professional investors.
The company this week signed an agreement with APA Group to progress a pre-FEED study for the Judith Gas Field in the offshore Gippsland Basin, Victoria.
The agreement is for the provision of midstream infrastructure and services related to gas that will potentially be produced from the Judith Gas Field.
The project has several untested high-priority drill targets with geophysical signatures similar to other world-class deposits in the Alligator Rivers Uranium Field, including Jabiluka, Ranger, Koongarra and Nabarlek.
The company will remain in a trading halt until Tuesday, May 12, or until an announcement is released to the market.
Eclipse's projects sit in one of Australia's richest uranium districts
Recent supply shocks have caused USD uranium price to surge almost 29% since the start of 2020, rising from US$24.85 to $32 per pound.
The company is focused on its 100% owned Judith Gas Field permit offshore Victoria.
The company is focused on progressing studies and securing farm-in partner/s for the gas field offshore Victoria.