LAKE WAY PROJECT
Zeus’ Lake Way Project comprises five contiguous tenement applications (E53/1600-1604) and a separate single granted tenement (E53/1247) covering a combined area of 835 km2 north and south of the township of Wiluna in the north-east Yilgarn Craton (Figure 2). The northern group of tenements extends 90 km north-west from the northern edge of Lake Way, which hosts an Inferred Resource of 10.53 Mt @ 543 ppm U3O8 for 11.64 Mlb contained U3O8 (at a 200 ppm U3O8 cut off (ASX: TOE Release 10 October 2011 )). The southern tenement covers a 4.5 km section of the palaeochannel that hosts the Dawson-Hinkler uranium deposit immediately to the west, and the Abercromby Well and Millipede uranium deposits immediately to the east. The Lake Way Project has been sub-divided into three sub-projects; the Kukabubba Palaeochannel, Lake Gregory and Hinkler Well Sub-Projects.
Figures 2 – 9 have been prepared by the Company using publicly available datasets.
Figure 2. Location of the Lake Way and Yeelirrie South Projects