Projects

• Projects Overview
• Gold:
  • Yamarna
  • Central Bore
• Uranium:
  • Thatcher Soak
  • Yamarna Regional
• Other Commodities:
  • Yamarna Nickel
  • Yamarna Chrome / PGE
  • Yamarna Iron

Projects: Overview

For our latest exciting exploration results please see:

• "Strong 2.8km-long Gold Anomaly at Hann with Prospect Location Map"
  ASX Announcement, 8 February 2010
• "Large Gold Target Identified at Byzantium Prospect"
  ASX Announcement, 8 December 2009
  
• "Second Pass RC Drilling Confirms High Grade Gold at Central Bore"
  ASX Announcement, 17 November 2009
• "New Assays Enhance High Grade Gold Discovery at Central Bore"
  ASX Announcement, 15 October 2009
• "High Grade Gold Discovery at Central Bore"
  ASX Announcement, 7 October 2009
• "High Grade Gold Discovery at Central Bore"
  Audio Broadcast, 8 October 2009

Eleckra has exploration projects in Western Australia.

The Yamarna Project in the Eastern Goldfields, with an approximate area of 3,600km² is prospective for gold, uranium, iron, chromium, platinum group metals, nickel and copper. The updated resource for the Yamarna Gold Project was announced on the ASX on 1 September 2008, total 749,000 ounces of gold (13.1 mt at 1.78 g/t Au).

Significant sections of the Thatcher Soak calcrete hosted uranium deposit lie within Eleckra's tenements. Recent drilling by the Company has outlined extensive uranium mineralisation within Eleckra's Thatcher Soak areas. The Company announced its maiden uranium resource estimate on 15 September 2008 containing 6.2 million pounds of U₃O₈ (approximately 2.8kt) (16.1 mt at 174 ppm U₃O₈).

In September / October 2009 the Company announced high-grade drilling results from its Central Bore project area, where the high-grade was confirmed over a 500m strike length. The highest grade intersected was 4m at 60.9g/t Au from 64m, incl. 1m at 182.8g/t. Further exploration drilling of this high-grade area is planned for 2010.

The Company announced on 31 October 2008 its first pass pit optimisation studies. Sensitivity analysis was performed by varying costs (as at July 2008), process recoveries, gold pricing and various types of processing to assess their impact on optimum pit size. This optimization study has highlighted the sensitivity of the resource to changes in the gold price and operating costs.

The optimisation study demonstrated that the resource could potentially become economic at a sustained Australian dollar gold price above $A1400/oz (this price was achieved briefly in October 2008). The 2008 optimisation indicated that reduction in costs by 10-20 % could significantly increase the project cashflow. The sustained increase in gold price and reduction in costs would have a significant impact on the economics of the Yamarna Gold Project.

The Company's total tenement position within the Yamarna Project comprises 40 granted tenements and 22 applications for exploration licences, prospecting licences and mining leases, covering approximately 3,600km² in area. These tenements cover most of the Yamarna Greenstone Belt and Dorothy Hills and Mount Venn greenstone belts within Western Australia's Eastern Goldfields.

The Company has been granted 1,500 km² of new exploration tenements between Yamarna and AngloGold / Independence's Tropicana gold deposit, which we have called "Golden Sands". Regional aeromagnetic surveys and reconnaissance geochemical sampling is planned.