Lake Blanche, SA (100%)
Exploration at EL5391 Lake Blanche will target sediment hosted lithium and uranium.
Lake Blanche is fed by a catchment that sheds off the Mount Babbage Inlier, a suite of rocks with unusually high levels of uranium and lithium. Mineralisation occurs where ground waters percolate through lithium-bearing source rocks and deposit in a closed basin. The region was highlighted in a prospectivity analysis conducted by Geoscience Australia: A Review of Australian Salt Lakes and Assessment of their Potential for Strategic Resources (Record 2013/39). In recent times the Lake Blanche area has attracted the attention of lithium explorers such as Argonaut Resources NL (ASX:ARE) and Core Exploration Ltd (ASX:CXO)
Regionally, Lake Blanche lies at the northern end of the Frome Uranium Province, an area identified by Geoscience Australia and other explorers as prospective for sandstone-hosted uranium in Cenozoic sediments. Drilling in the adjacent tenement to the south of Lake Blanche indicates the redox boundary (an important mineralisation control) is further north along a palaeochannel, potentially within the Lake Blanche tenement.
Figure 1: EL5391 Lake Blanche location map showing interpreted palaeochannels in green arrows
 See ARE announcement of 4 April 2016: http://www.asx.com.au/asxpdf/20160404/pdf/4368bvgrlrkypz.pdf
 See CXO announcement of 9 June 2016: http://www.asx.com.au/asxpdf/20160606/pdf/437q9l0jc5dydx.pdf