Pancontinental Uranium Corporation (“Pancon”) is a Canadian-based company focused on developing the Charley Creek HREE project in NT, Australia
Pancon is a Joint Venture partner with Crossland Strategic Metals Limited of Australia. The Joint Venture controls prospective land packages in the Northern Territory of Australia. Pancon is a 45% owner of the Joint Venture and Crossland is the operator and owns 55%. Pancon has invested approximately $12M since 2007. The Joint Venture is led by a management team that includes geologists who were instrumental in the discovery of two of the largest uranium deposits in the world.
The Joint Venture has an impressive exploration portfolio of Uranium projects in prolific, mining friendly Northern Territory. While the Uranium projects are on hold, the Joint Venture is focusing on developing an alluvial based Heavy Rare Earth Element (HREE) project near Alice Springs, NT, known as the Charley Creek Project.
The Charley Creek Project is situated approximately 100 kilometres (“km”) west‐northwest of Alice Springs in the Northern Territory (“NT”), Australia, at latitude 23° 27´ S and longitude 132° 45´ E, approximately 1,500km south of the Port of Darwin. The project area is situated approximately 500 metres (“m”) above mean sea level (“AMSL”) and lies on pastoral leases to the north of the West MacDonnell Ranges National Park (Figure 1). The Charley Creek resource is a Quaternary-age surficial alluvial mineral sand deposit with average thickness of 15m (but with some drill intersections of up to 80m), containing the rare earth (“RE”) bearing heavy minerals monazite and xenotime (rare earth phosphates), as well as zircon and ilmenite, which have accumulated as a result of prolonged erosion of the Proterozoic age rocks which form the MacDonnell Ranges to the south of the alluvial fans.
On January 8, Pancon published a 43-101 technical report on the Charley Creek Project. CLICK HERE TO VIEW