News

Cosmos Exploration

Quarterly Activities Report Ending 30 June 2024
31 July 2024

Highlights

  • Thelon Basin – Nunavut

    • Cosmos entered an option agreement to acquire an 80% interest in the Fenix project and staked a 100% claim on the Angilak West and Nut Lake South uranium projects in the Thelon Basin, Nunavut, which is emerging as the next high-grade uranium mining district akin to the Athabasca Basin, Saskatchewan.

    • The Fenix Uranium Project spans 162.7 km² and features six radioactive boulder trains with assays up to 6% U3O8, and drill intersection of 3.9m @ 0.16 % U3O8 incl 0.4m @ 0.68% U3O8 from 5.6m depth

    • Angilak West and Nut Lake South cover a combined 193.72 km², containing multiple uranium pitchblende occurrences. Angilak West is strategically located along structural extensions controlling mineralisation at the Angilak Uranium Deposit (Atha Energy).

    • Nut Lake South is situated 3 km south of Greenridge Exploration’s Nut Lake uranium discovery, which has reported high-grade drill intersections, including 4.9% U3O8 over 1 ft from 8 ft depth.

  • Byro – WA

    • Award of a co-funded drilling grant of up to $100,000 under the WA Government’s Exploration Incentive Scheme (EIS) for the Leatherback REE Prospect at the Byro East Project in the Gascoyne Mineral Field, WA.