Lake Surprise Uranium Project

South Australia – Australia

The Lake Surprise Project is located in Australia’s most prospective region for uranium, 550km north of Adelaide, and 70km East of Marree. The company holds 4 tenements with a total area of 1,078 km2.

Tenements, including the new tenement granted to the southwest of Lake Surprise

The Lake Surprise tenements cover an area that is prospective for sandstone hosted roll-front uranium mineralisation. Strong radiometric anomalies occur in the Project area and uranium minerals have been found in outcrop.

Known uranium orebodies on the eastern side of the Flinders Ranges include Beverley, Honeymoon, Goulds Dam and Yarramba, and the Mt Gee project. Several of these projects lie in the northern Flinders Ranges about 60 Km from the Lake Surprise Project area.

Drilling was undertaken on a small target area in February 2023, with drilling of 56 holes for 742m completed. The prospective zone was identified from previous exploration that showed a helium anomaly, surface gamma anomaly and rock chip data.

The recent drilling encountered a series of braided channels, confirming the pre-drill interpretation that the area  was part of a broad delta like fan system. The drilling intersected anomalous uranium with associated gamma anomalies and indicates an increase in concentration of anomalous readings, trending in a southerly direction, within Adavale’s tenure.

The program has confirmed the need to isolate the braided channel geometry to target higher grade mineralised zones. Geophysics including magnetics and resistivity is being planned to cover this drilled area as well as the Canegrass, Jubilee and Mookwarinna prospects to calibrate the drill results achieved.

Acknowledgements to traditional owners

Adavale acknowledges the Dieri as Traditional Custodians of the land on which our current works are located. With respect to Elders past, present and emerging, Adavale is committed to conducting its activities with respect to the communities in which it operates.