Novazza forms part of Italy’s largest known historical uranium resource base

Discovered in 1959 by AGIP Nucleare as part of Italy’s national civil nuclear energy programme, Novazza became the cornerstone of uranium exploration in northern Italy.

The discovery led to the identification and advancement of the broader Lombardy Uranium District, recognised as Italy’s most significant historical uranium region.

Novazza is the most extensively explored uranium project in the district, benefiting from decades of historical drilling, underground development and technical studies. Historical work included more than 100 drill holes and over 6 km of underground workings.

It has superior accessibility compared with neighbouring deposits, supported by favourable topography, established infrastructure and existing underground access.

Novazza forms part of Italy’s largest known historical uranium resource base, providing a strong foundation for modern exploration and resource reassessment.

Novazza was explored by AGIP Nucleare between 1959 and 1982 as part of Italy’s National Nuclear Energy Programme.

Historical exploration comprised 23,854 metres of drilling using a variety of drilling methods, together with approximately 6.7 km of underground development across four levels.

• Historical resource estimate of 2.6 million lbs U₃O₈at an average grade of 0.09% U₃O₈
• 100 diamond drill holes completed
• Potential for modern resource evaluation and exploration

Hosted within Permian rhyolite ignimbrite, primary uranium mineralisation comprises pitchblende associated with sphalerite (zinc) mineralisation.

Mineralisation remains open along strike and at depth. Volcanogenic geological setting with strong potential for geophysical targeting of additional mineralisation.