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Highlights
- Eclipse Metals holds key uranium tenements in Ngalia Basin and Alligator Rivers Uranium Field.
- Recent surveys identify high-grade targets across large exploration areas.
- Focus on unlocking uranium, gold, and palladium potential across 11 licences.
Eclipse Metals Ltd (ASX:EPM) has set its sights on advancing exploration efforts in Northern Territory’s Ngalia Basin and the renowned Alligator Rivers Uranium Field. Positioned across a vast 7,500 square kilometres with 11 exploration licenses (ELs), the company’s efforts aim to tap into the region's rich uranium and critical mineral potential.
Within the Ngalia Basin, Eclipse Metals has focused on its granted exploration licenses, EL 24808 and 32080, where recent gravity surveys have uncovered multiple targets rich in uranium potential. Historical data supports these findings, showing elevated uranium values along a promising 15-kilometre stretch, particularly in the Afghan Swan and Y-series prospects. Past sampling has returned high concentrations, with uranium values reaching 5.8% U₃O₈, and additional assays revealing traces of gold and palladium.
Eclipse’s exploration strategies prioritize the extensive untapped areas within these two licenses, which are considered drill-ready. With the aim of accelerating resource identification, the company plans to apply modern exploration techniques to define the extent of mineralization within these paleochannel structures, known to be prime targets for uranium deposits.
Notably, Eclipse Metals' exploration license application (ELA 31501) in Ngalia Basin has previously indicated mineralization zones containing uranium, vanadium, and strontium, with samples showing up to 960 parts per million (ppm) uranium and 570 ppm strontium. This highlights the mineral diversity and critical mineral potential in the region, reinforcing the strategic importance of these licenses.
Additionally, Eclipse Metals’ tenements extend into the Alligator Rivers Uranium Field, an area famed for high-grade uranium deposits, including the well-known Ranger and Jabiluka mines. Here, Eclipse is advancing exploration at the Devil’s Elbow prospect, part of the Liverpool Project in West Arnhem Land. Historical drilling in this area has returned impressive grades of uranium (5.8% U₃O₈), gold (38.1 grams per tonne), and palladium (28 grams per tonne). The company has identified 17 high-potential drill targets with geological characteristics akin to the Jabiluka Uranium-Gold deposit, strengthening its exploration portfolio in a world-class uranium district.
Committed to sustainable development, Eclipse Metals integrates robust Environmental, Social, and Governance (ESG) principles into its operations, aligning with the rising demand for responsibly sourced critical minerals. This ESG commitment further enhances its position within the global shift toward clean energy resources.
With a substantial landholding in uranium-rich regions and a diversified mineral focus, Eclipse Metals is well-positioned to make significant advancements in the uranium sector while exploring additional critical minerals for future development.
