American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

3rd Quarter Activities and Appendix 5B

by admin May 1, 2024
May 1, 2024
3rd Quarter Activities and Appendix 5B

Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) is pleased to provide shareholders with the Company’s Activities and Appendix 5B Report for the quarter ending 31 March 2024.

HIGHLIGHTS

The Company raised $4M at $0.03 per share from a consortium of private investors led by Mr Ian Stalker, with funds to be used toward the Company’s exploration and drilling program at the Mkuju Uranium Project in Tanzania.

Preparations for drilling at the Mkuju Project in southern Tanzania commenced, with drilling expected to commence in May to test the Southwest Corner target and test potential extensions to the Mtonya and Likuyu North deposits.

Samples from shallow reconnaissance pits at Minjingu Project in northern Tanzania returned results of 202ppm and 269ppm U3O8.

URANIUM PROJECTS – TANZANIA

MKUJU URANIUM PROJECT

The Prospecting Licenses (PLs) of the Mkuju Project cover 725 km2 as shown in Figure 2 and include two existing uranium deposits and several exploration prospects. The area is 20-30 km south of the Nyota deposit. Nyota hosts a Measured and Indicated Mineral Resource Estimate of 187 Mt at 306 ppm U3O8 containing 124.6 Mlbs U3O8. Nyota is being developed by global uranium company Uranium One. The Nyota deposit and the deposits and prospects on the Mkuju Project are underlain by continental sediments of Triassic aged sediments of the Karoo Supergroup which are considered highly prospective for uranium.

During the quarter no fieldwork was carried out as access to the area is extremely difficult during Tanzania’s wet season which typically lasts from November/December until early May. During the quarter significant progress was made in preparation for an initial 2000m drilling program planned to commence during May, to test the Southwest Corner target and test potential extensions to the Mtonya and Likuyu North deposits, summarised below with further details found in the Company’s recent ASX announcements.

At Southwest Corner, the drilling is to test the potential for down-dip extension of the recently trenched high-grade surface uranium (refer announcement dated 10 Jan 2024).At Mtonya holes to follow up on excellent uranium intersections not followed up by previous explorers in 2012 (refer announcement dated 10 October 2023).At Likuyu North the drilling will test for potential new zones that if present would add to the existing 4.6 Mlb U3O8 (JORC) Resource.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Canada Nickel Company Concludes Successful Participation in Washington, D.C. Summit on North American Critical Minerals Strategy
next post
Highly successful quarter sees Boss make pivotal transition to global uranium producer

Related Posts

What next for Hang Seng, Shanghai Composite, and...

April 7, 2025

Starbucks stock on edge as fresh threats emerge...

October 30, 2024

Could the Rolls-Royce share price suffer a harsh...

November 11, 2024

DLE Pilot Plant First Stage Production Completed, Downstream...

July 22, 2024

Investor Webinar – 3pm AEST Tuesday 2 July

July 2, 2024

Melodiol Global Health Limited (ASX: ME1) – Trading...

February 26, 2024

Multiple Large Lithium Soil Anomalies Outlined at Parker...

March 12, 2024

IAG share price forecast as transatlantic demand starts...

June 2, 2025

Strong Search and Cloud Revenues Propel Alphabet Past...

July 25, 2024

Uniswap price prediction as Unichain nears a 1M...

February 13, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • FBI raid on John Bolton’s home in Washington linked to classified documents

      August 25, 2025
    • Argentine senate deals blow to Milei’s austerity agenda with university budget boost

      August 25, 2025
    • Jackson Hole Symposium: what Powell said about economic effects of Trump’s tariffs

      August 25, 2025
    • At Jackson Hole, Fed Chair Powell signals possible cuts while warning of uncertainty

      August 25, 2025
    • Trump threatens to fire Fed Governor Lisa Cook amid mortgage fraud allegations

      August 25, 2025

    Categories

    • Business (3,763)
    • Investing (2,783)
    • Latest News (2,048)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved