Green Critical Minerals evaluates Boulia prospectivity

Green Critical Minerals (ASX:GCM) has conducted exploration activities to further its understanding of the molybdenum, uranium and vanadium prospectivity at the Boulia project.

Following the increased interest and global demand for molybdenum, uranium and vanadium, GCM undertook soil sampling and reviewed existing radiometric data and historical fieldwork in 2023.

This work determined the evaluation of Boulia is reliant upon soil and drillhole geochemistry as well as magnetic and radiometric imagery. Given this, GCM has scheduled further relevant exploration work in 2024.

Four peak areas of molybdenum, uranium and vanadium geochemistry were recognised with all lying within faulted limestones. These limestones are comprised of shell fragments and are quite porous, and in areas around two of the peaks are quartz and chalcedony veined, recrystallised and brecciated.

Furthermore, GCM has submitted an application for an additional area where there’s a good correlation between radiometric and geochemical data and rare outcrops are present.

GCM will drill the shallow magnetic bodies during the year to test the potential for intrusion related mineralisation that may be present in skarns, veins or breccias.

The peak molybdenum, uranium and vanadium target areas will be sampled in more detail, with major work depending on any possible change in the Queensland State Government uranium policy.

Currently, the Queensland State Government policy of not granting uranium mining leases still stands but it’s now in serious conflict with the global need for uranium, molybdenum and vanadium as major critical minerals to replace fossil fuels.