HIGHLIGHTS
Radium Point Project
During the quarter, the Company announced the acquisition of the Radium Point IOCGU Project (ASX announcement 15 January 2024).
The Radium Point Project covers more than 2,813 km2 in the Echo Bay district of the northern Great Bear magmatic zone (GBMZ) comprises extensive, hydrothermally altered and mineralised, Proterozoic continental andesites and volcano-plutonic complexes. Radium Point, specifically the Eldorado/Echo Bay Mine is recognised as a significant source of uranium and other metals during World War II and is recorded as being one of Canada’s largest uranium mining districts at the time as well as being the first ever recorded mine to open within the North West Territories.
The Radium Point project has seen several phases of production over several decades. The most notable was uranium production between the 1930’s to the 1970’s.
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