So lets sum up we we are at with AEEs world class poly metallic...

So lets sum up we we are at with AEEs world class poly metallic resource:-

1.JORC res 291m lbs U308 Jorc after drilling only 5% of their held land in area. Deposit is open in most directions but particularly to the South West and the North where continuous intersections of 192m of U have been assayed. So JORC so far is
a. 291 million pounds uranium
b. 583 million pounds molybdenum
c. 570 million pounds nickel
d. 4,693 million pounds vanadium

2. Metallurgical recoveries study results indicate that recoveries achieved so far with acid leaching of 93% U recoveries can be "exceeded" by bio heap leaching. But at a much lower Capital cost and a very low Operating cost.

3. Increased recoveries of Moly, Nickel and Vanadium likely using Bio Heap Leaching

4. Defined target for the resource now stands at 1.2 lbs of U.

5. In negotiations will several mining majors for Farm in.

6. Sweden: Pro Uranium Govt in country where the Per capital U power consumption is 2nd in the would.

Add to this there immediate neighbour Continental has more than 1 Bill Lbs (Jorc Equiv) U308. Economic study of bio- heapleaching available by end of 2010 calendar year. They are doing a pit sized samples

A note on Bio-Heap Leaching and Large Scale Operations with another miner

The Talvivaara mine in Finland is doing large scale bio-heap leaching a of a similar shale hosted multi metal deposit ecumenically ...The first, large scale bio-heap leach extraction project is currently ramping up at Talvivaara in Finland (LSE: TALV). Capital cost is reported at above A$1.5b to date and the mining rate is around 24Mtpa with a waste to ore ration of 0.6:1. The black shales contain low grade nickel, copper, zinc and other elements, with the company now planning to extract uranium (despite low concentrations of 15-20ppm).

If they are developing Talvivaara with as little as 15-20 ppm due to the other minerals. And AEE's ore is worth twice that. ??? I'd say Sweden is a no brainer

Mauritania (AEE)
a) High Grade U Deposit confirmed of over Large Area in Recent Drilling. Avg Grade 450ppm
b) Recent Farm in to highly prespective Tenement returned High Grade intersections avg 400-500 ppm U

Niger (AEE)
a) Vgood Land holding in Key U province in Niger

WA (AEE)
a) Recently discovered U bearing Paleo Channel now 100% owned