Epsilon is a uranium explorer controlling a project portfolio of 10,000km2. The 10 exploration projects are distributed across 4 different states and are present within proven uranium provinces. The majority of projects contain known uranium mineralisation, yet are under-explored with modern techniques.
The project portfolio reflects a focus on exploration of early stage and more advanced targets, with careful consideration given to geological suitability to economic uranium systems in terms of different styles of mineralisation and resource potential, as well as potential mining and processing costs. The project portfolio also reflects careful consideration given to geopolitical certainty in terms of exploring states where the uranium industry is expanding (NT, SA) and where decisions are pending (WA, QLD).
Since 2004 the spot price of uranium has risen over 600% while domestic exploration has similarly increased over 600%. This rapid increase in spot prices and exploration has occurred in line with the growing supply-demand disequilibrium, driven predominantly by a reduction in primary and secondary supplies, and the increase in long term demand from both developed and developing nations. Developing nations, particularly, are embracing nuclear energy as a solution to meeting their dual energy goals of providing consistent base load power while reducing carbon emissions.
Epsilon has compiled and is actively expanding a portfolio of uranium exploration projects that cover varying mineralisation styles and resource potential supported by a multi-disciplined and uranium experienced board and management team.
The Balladonia Uranium Project, a key asset in the Epsilon portfolio, is located in the Eucla Basin, Western Australia, and represents a large scale exploration concept seeking sandstone-hosted uranium deposits. The project comprises 40 exploration tenements, with 10 granted, covering 6,563km², and has a favourable geological setting for sandstone-hosted uranium deposits as well as an encouraging suite of previous uranium exploration results.
We are pleased to have assembled a strong and experienced team to drive Epsilon's success and to achieve its objectives.
Matthew Gauci is Managing Director of Epsilon. Matthew has over 12 years experience in the minerals industry, including senior roles within the uranium industry, holding positions as Company Director, Management Consultant and in operational management. Matthew has assembled a team of individuals who have extensive and relevant experience to achieve Epsilon's mission and objectives.
Epsilon, through its IPO, has raised $4,000,000 by the issue of up to 20,000,000 Shares at $0.20 per Share. These funds are being used to explore the Company's tenements and ultimately pursue Epsilon's mission to systematically build a leading uranium exploration and development company with assets in Australia.
The Company is well structured and resourced to pursue its mission and achieve its objectives. The Non-Executive Directors bring significant experience in a technical and financial capacity providing an appropriate balance to the Board of Epsilon.