Douglas Hot Springs

The Douglas Hot Springs project is located approximately 100km south of Darwin and 60km west of Pine Creek.

The project area is held under an application for an exploration licence (ELA25907) and a granted exploration licence (EL26035) and is owned 100% by the Company.

The Douglas Hot Springs project area is within the Daly basin which is a northwest – trending intracratonic sedimentary basin situated between the older Pine Creek orogen to the north, Victoria Basin to the southwest and McArthur Basin to the east. To the south, it is overlain by the Dunmarra Basin. It contains the lower Palaeozoic Daly Group, comprising, in ascending order, the marine Tindall Limestone, mixed pertidial Jinduckin Formation and carbonate pertidial Ooloo Dolostone. The Daly River Group unconformably overlies the Tolmer Group, which hosts the hydrothermal springs that have a deep crustal source. Potential exists for calcrete hosted uranium deposits.

There are no known resources but the area remains highly under explored and shows elevated radiometric uranium channel anomalies and weak gold anomalies.