if hcy are given this lease close to the worlds largest calcrete deposit in WA then the price will rocket. lets hope they are granted it shortly. i dont think the market is even aware of this
Surficial deposits - Surficial uranium deposits are broadly defined as young (Tertiary to Recent) near-surface uranium concentrations in sediments or soils. These deposits usually have secondary cementing minerals including calcite, gypsum, dolomite, ferric oxide, and halite. Uranium deposits in calcrete are the largest of the surficial deposits. Uranium mineralisation is in fine-grained surficial sand and clay, cemented by calcium and magnesium carbonates.
Surficial deposits comprise about 4% of world uranium resources. Calcrete deposits represent 5% of Australia¹s total reserves and resources of uranium. They formed where uranium-rich granites were deeply weathered in a semi-arid to arid climate. The Yeelirrie deposit in WA is by far the world's largest surficial deposit. Other significant deposits in WA include Lake Way, Centipede, Thatcher Soak, and Lake Maitland.
In WA, the calcrete uranium deposits occur in valley-fill sediments along Tertiary drainage channels, and in playa lake sediments. These deposits overlie Archaean granite and greenstone basement of the northern portion of the Yilgarn Craton. The uranium mineralisation is carnotite (hydrated potassium uranium vanadium oxide).
Calcrete uranium deposits also occur in the Central Namib Desert of Namibia.
HCY
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