Lake Namba-Billeroo Project, South Australia

The Lake Namba-Billeroo uranium project covers an area of 2817 km2. HRE is earning an initial 80% interest in the uranium rights from Havilah Resources at Lake Namba-Billeroo.

Project features include:

• 15 km of unexplored prospective Billeroo Palaeochannel that also hosts Boss Energy’s Gould’s Dam resource (25 Mlbs @ 520 ppm U3O8);
• 35 km of Namba Palaeochannel which presents discovery opportunities building on wide-spaced historic drilling;
• Assays from previous exploration drilling of up to 210 ppm eU3O8 in uraniferous basal sands of the Eyre Formation;
• No reported uranium exploration since 2012.

The exploration model being investigated by HRE at Lake Namba-Billeroo is sedimentary uranium in palaeochannels.

For more information about the Lake Namba-Billeroo project, see here.