Australian Projects
Cummins and Brooker Uranium Projects
The Cummins and Brooker Projects are located in the Tier 1 exploration and mining district of South Australia, which is often considered to be Australia’s most supportive Uranium Mining jurisdiction and where Core Energy already holds the Western Eyre Peninsula (“WEP”) Project.
This region of South Australia hosts several world class operating uranium mines, including the Olympic Dam Mine (BHP Group Ltd, ASX:BHP), the Honeymoon Project (Boss Energy, ASX:BOE), and Heathgate’s Four Mile Mine. In addition, Alligator Energy (ASX:AGE) is currently advancing its Samphire Uranium Project, where it is proposing to extract uranium via In-Situ Recovery (“ISR”), from palaeochannels similar in nature to those identified in historic drilling on Core Energy’s Cummins Project.
Cummins & Brooker Project, South Australia
- The Cummins & Brooker Project Area, comprises EL6624 and EL7056, is located on highly prospective Uranium tenure on the southern Eyre Peninsula, South Australia.
- The Eyre Peninsula is one of the highest radiometric regions of South Australia, host to numerous known uranium occurrences and uranium deposits.
- Historic drilling was limited to regional 1km spaced drilling within the road reserves for ease of access. Strong potential for high-grade mineralised zones of significant strike length to be delineated out from the significant historical gamma intercepts, dramatically increasing the overall grade and mineralisation footprint.
- CORE’s maiden drill program across 6 prospect areas was completed in Q3 25. Results provide major confidence boost to mineralising model, elevating the potential for future targeting success. CORE is planning follow up geophysics to map channel morphology for target generation.
Western Eyre Peninsula (“WEP”) Project, South Australia
- The CORE Graphite project is situated in the centre of the Eyre Peninsula and forms part of CORE’s ground holding in the region, which comprises of six contiguous exploration licences, covering approximately 1,520km2of the Gawler Craton.
- CORE holds a 100-per cent interest in the project, which has a current JORC resource of 6.22Mt @ 4.8% Total Graphite Content (TGC). Initial exploration and test work was focused solely on large flake graphite, for which the resource has been calculated, however, recent growth in demand for battery grade, ultra-fine flake graphite led the Company to retest core samples. Test work on historic drill core identified ultra-fine flake graphite, which is in high demand due to its suitability for production of spherical graphite used in battery manufacturing.
- Results from test work on historic drill holes (OAD001 and OAD004) conducted by the Beijing General Research Institute of Mining and Metallurgy (BGRIMM) indicate a natural graphite concentrate with a fixed carbon content of 95.6% can be generated using commercialised processing techniques, which can generate a premium product.
