uranium grade, page-16

re: uranium grade-yalyirimbi Welcome to all new travellers, or those that have been sitting quietly to the side..

Gerry to quickly answer you statement...
"However, of prime importance is the prospectivity of the Uranium tenement holdings of ARU.

When one talks about ARU's Uranium prospectivity, one needs to summarize these Holdings and concentrate on these, I think. "

I dont see these uranium plays of prime importance, Nolans and Kurinelli are in front for me.

It is difficult to summarise these holdings as there is no resource... That is the catch (and all the more reason why Nolans is a ripper).

***Lagoon Creek***
We can say that the area within and around Lagoon Creek has had small uranium mines (up to 10% U content from memory). In some areas it was not mined, they literally picked up rocks and put them in trucks to be processed at Rum Jungle. That beats digging...
Some drill results are available and have been quoted by Arafura and Laramide, they are high grade.
My thoughts on this are that if Laramide spend their $5m on drilling, it will be next to open cut anyway.

***Aileron region***
Yulyirimbi and Mt Lucy are distinctly different, they are more likely to be lower grade resources (maybe to 2%?), of course if Nolans is running this is not the end of the world. They could surprise us and be higher grade but I dont see 10% in the stars.

Arafura offer outstanding technical reports on the web, they include big words like vegemite so be careful, that is the place to start reading.

What people need to remember (imo) is that these are free rides big time. If you can imagine Nolans being valued at $1 per $20 resource, we would have a share price north of $6.50, that may appear to be wildly over the top, but let me ask; Why?