• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    uranium investing

    Vimy Resources Announces Resource Estimate for the Angularli Deposit

    Nicole Rashotte
    Mar. 22, 2018 06:03AM PST
    Energy Investing

    Vimy Resources Limited announced that it has completed a maiden mineral resource estimate for the Angularli deposit, in its newly acquired Alligator River project in Arnhem Land, Northern Territory.

    Vimy Resources Limited (ASX:VMY) announced that it has completed a maiden mineral resource estimate for the Angularli deposit, the most advanced of many prospects in its newly acquired Alligator River project (ARP) in Arnhem Land, Northern Territory.

    As quoted in the press release:

    The Angularli deposit is located within the King River-Wellington Range project, which has 1,600km2 of granted tenure and is being actively explored for unconformity-related uranium deposits. The King River-Wellington Range project is the subject of a Joint Venture (JV) with Rio Tinto Exploration Pty Limited (Rio Tinto), a wholly owned subsidiary of Rio Tinto Ltd, with current JV interests of Vimy: 75 percent / Rio Tinto: 25 percent.

    During due diligence for the ARP acquisition, Vimy commissioned an independent JORC Mineral Resource estimate by Optiro Consultants. The maiden Inferred Mineral Resource (Table 1) contains approximately 26Mlbs U3O8 for 0.91Mt at 1.3 percent U3O8, at a cut-off grade of 0.15 percent U3O8 (Vimy 75 percent).

    Highlights are as follows:

    • Maiden Inferred Mineral Resource of approximately 26Mlbs U3O8 for 0.91Mt at 1.3 percent U3O8, at a cut-off grade of 0.15 percent U3O8 (Vimy 75 percent)
    • Best drill intercept of 22.9m at 4.63 percent U3O8 from 244.6m
    • Significant exploration upside along untested parallel structures and along strike
    • Exploration target established for the Angularli deposit
    • Angularli scoping study and further drilling to be undertaken in 2018

    Click here to read the full Vimy Resources Limited (ASX:VMY) press release.

    mineral resource estimatejoint ventureuranium investingrio tinto ltdvimy resources
    The Conversation (0)

    Go Deeper

    AI Powered
    Anfield Completes Confirmation Drill Program at JD-7 Mine and Prepares for Resource Update

    Anfield Completes Confirmation Drill Program at JD-7 Mine and Prepares for Resource Update

    Astral Resources (ASX:AAR)

    Astral Resources

    Latest News

    Queensland Uranium and Rare Earth Acquisition Completed

    North Shore Makes Final Option Payment And Completes Earn-In For West Bear Property

    CHARBONE realise sa premiere livraison d'helium dans la region du Grand Toronto et signe un contrat d'approvisionnement de trois ans avec un distributeur independant

    CHARBONE Completes Its First Helium Delivery to the Greater Toronto Area and Signs Three-Year Supply Agreement with Independent Distributor

    Westport to Issue Q3 2025 Financial Results on November 10, 2025

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Energy Investing Stocks

    Skyharbour Resources

    SYH:CA

    xU3O8 (uranium.io)

    Saga Metals

    SAGA:CA

    Basin Energy

    BSN:AU

    AuKing Mining

    AKN:AU

    North Shore Uranium

    NSU:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES