uranium, page-2

YRR have numerous uranium tenements in WA and NT. From a previous post outlining their assets....

Nowthanna Uranium Project near Meekatharra.
MLA 51/771 has a JORC resource of 7.3mt @ .450kg/t containing 3289t of uranium.

Gabinintha Vanadium Project. Near Meekatharra.
EL 51/431
EL 51/843
MLA 51/772
MLA 51/814
PLA 51/2226
JORC resource identified so far to 92.5mt grading .81% vanadium, 9.81% titanium oxide and 51.2% iron ore.

The Gabinintha area is highly prospective for uranium as well and YRR's Nowthanna uranium resource is just 5km away.

Tenements of Cabe Resources (100% YRR controlled)
NT - Arunta area, 4 leases:
ELA 25418 - Mt Denison 663km2
EL 25426 - Turners Dome 1515km2
ELA 25445 - Mt Nickel 1398km2
ELA 25667 - Mt Cockburn 1146km2
Total area = 4722km2

All 4 tenements are located on the edges of the Ngalia Basin which hosts Energy Metals/Paladin JORC beposit at Bigryli (4.5mt @.14% uranium = 6300t)

WA - Yanre
EL 08/1710 130km2. 20 km from Manyingee. Paladin owns a 12000t resource at Manyingee.

WA - Lake Maitland
EL 53/1265
EL 53/1266
Located either side of Mega Uranium's 10747t JORC uranium resource.
50km from Yeeliree. BHP has the Yeeliree deposit containing an estimated 500000t resource.

Tenements of Austalian Uranium (100% YRR controlled)
EL 24883 - Money Shoal Basin Uranium Project. 1123km2 encompassing the eastern half of the Woolner Dome.

EL 25339 - Douglas Range Uranium Project. 471km2. 67km s/e of Rum Jungle

Apogei - 20% owned by YRR. Apogei's assets total 4 tenements in the NT, being:

ELA 25638 - Mann
ELA 25645 - Gumadeer
ELA 26076 - Table Hill

These 3 tenements make up the West Arnhem Tenure (WAT) and are within the Alligator Rivers Uranium Field (ARUF) 30km east of the former Nabarlek Uranium Mine which produced 12000t of uranium.


Summary...they have they assets, but seem to struggle at management level.