tenements in bigrlyi

Another way to play Bigrlyi is via Strike Resources (SRK). They have informed the market they will offload their Uranium assets in an IPO shortly. SRK intends to retain a significant equity position in the new uranium vehicle and to implement a mechanism by which SRK shareholders will have an entitlement to a substantial portion of the new uranium vehicle’s IPO shares.

Here are the details of their Uranium asset adjacent to EME

(1) Bigrlyi South (Northern Territory) (75% in Exploration Licences 24879, 24928, 24929 and 24930 and application for EL 24927). SRK has a 75% interest in 5 exploration tenements located principally in the northern part of the Ngalia Basin in the Northern Territory (located approximately 390 kilometres north-west of Alice Springs). These tenements, having a total area of
approximately 1,666 square kilometres, are adjacent to tenements surrounding the Bigrlyi Uranium Deposit (held by Energy Metals Limited – ASX code: “EME”) which has a stated JORC resource of 8.37 million pounds of U3O8 at a cut-off grade of 0.1%.