23m lbs of u

Alkane is an interesting company and well worth some research - appears to be under valued - long mine life assets. Broker research reports on their web site worth a read.

The company has some of the same key directors and major investor as AGS. Might be worth following the smart money on this one .....

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Source: ALK ASX Announcement 24/05/2006 - presentation slide 21

Measured Resource : 35.7 million tonnes grading 0 - 55 metres 1.96% Zr02, 0.04%HfO2, 0.14% Y2O3 0.46% Nb2O5, 0.03% Ta2O5 , 0.014% U3O8, and 0.75% REO

Inferred Resource : 37.5 million tonnes at similar grades
55 - 100 metres

TOTAL : 73.2 million tonnes

Although the ore is not classified as a radioactive deposit, it contains 23 million lbs (10,200t) of uranium which is not economic in its own right but could be an important by-product.

Production of uranium is currently prohibited in NSW

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NSW doesn't currently permit U exploration and mining. Hopefulling this will change in 2007.