Newera Uranium has moved to secure a highly prospective uranium and rare earth ground package comprising two tenements covering 230sqkm within the Harts Range Province of the Northern Territory.

Newera has entered into an agreement with Fermi giving it a three-year option to secure 80% of Fermi"s rights to two Northern Territory exploration licences.

The Brumby tenement project represents a highly prospective and significant uranium exploration opportunity and consolidates Newera's ground position within the Harts Range province. Brumby is within 25km of Newera's existing Quartz Hill project.

Uranium mineralization at Brumby is hosted by pegmatite dykes intruding gneisses and schists of the Illogwa Shear Zone. The pegmatites radiate from nearby Entia Dome, a granite intrusion 20km to the north-east, and contain allanite, a common rare earth element and uranium-bearing mineral typically occurring in pegmatites and some granites. This style of mineralization is similar to Newera's Quartz Hill Project.

The Blueys Folly prospect outcrops over an area of about 4sqkm that consists predominantly of pegmatite and is estimated to contain several million tones grading in excess of 0.4% allanite.

Newera managing director Martin Blakeman says: "This acquisition adds to Newera's developing position within the Harts Range province where Newera has targeted pegmatite hosted styles of uranium mineralization and where historic exploration has clearly demonstrated the presence of strongly uraniferous pegmatite swarms. Our recent focus has been to continue assessing opportunities in the Northern Territory."