Paterson

Paterson

The Paterson Project comprising nine granted tenements covering 1,616km2 is located approximately 250km north east of Newman at the western edge of the Great Sandy Desert in the Eastern Pilbara region of Western Australia. These tenements are close to several world class mineral deposits including Nifty (39.96Mt grading 1.97% copper), Telfer (400Mt grading 0.93g/t gold, 0.18% copper) and Kintyre (4Mt grading 0.58% U3O8).

This district has similarities with the Athabasca Basin area of Canada which contains numerous large and high-grade uranium deposits of the unconformity type. In addition the region hosts the world-class Cu-Au deposit at Telfer and significant Cu-Co deposits. Recent exploration by Encounter Resources and Antofagasta has yielded several new zinc and copper discoveries west and north-west of Energia's application area, making this region an exploration hot-spot.

E45/4543, adjacent to Energia’s Tabletop tenement E45/2886, contains the historical Eva Well base metal silver prospect on which no modern exploration has been carried out. The only historical hole drilled beneath a gossan returning peak assay values from various individual 2m samples up to 0.25% copper, 0.14% lead, 0.52% zinc and 46g/t silver. The hole encountered 26 metres grading 25g/t silver from 59 metres depth. The hole was never followed up with further drilling.

A heritage agreement has been signed with representatives of the Traditional Owners (the Martu people) covering all of the granted tenements.