Ann: New World Metals Conference Presentation, page-18

Valor Resources (ASX:VAL)

It’s the latter has recently caught the attention of investors. Valor dropped some serious rock chip samples from the Hook Lake uranium project at the end of August, with uranium oxide grades as high as 59.2% with rare earths, lead and silver potential to boot.

Kumova said the mineralisation combination was unique.

“To have all of those minerals in the same place is incredibly exciting,” he said.

“I’ve been looking to find analogous deposits and I just can’t, I haven’t seen it and I couldn’t find anything like it.

“When it comes to these types of grades, especially in uranium, normally you’re going for parts per million mineralisation – 59% is enormous.

“With that sort of grade you don’t need kilometres of mineralisation – 200m could be a deposit.”

Kumova said if drilling defined any kind of strike extent or thickness it could be one to take off.