Ann: Maiden Vanadium Indicated Resource and Urani, page-2

re: Ann: Maiden Vanadium Indicated Resource a... i really like this. Its a great announcement and as per their style is just the facts without hype. WSe have a stand alone, indicated vernadium resource.... uranium aside. This is paramount when considering the huge effect the vernadium resource has on our production costs for uranium. The vernadium is key and is being proved....

Managing Director Richard Henning said, “we are very pleased with the resource estimate provided by Optiro, and the level of confidence in the resource increasing from Inferred to Indicated. The fact that we can now quote a vanadium resource, albeit just the beginning of a much larger number, is significant; we can now be confident in our discussions going forward that this is indeed a two commodity development project.
“The vanadium grades show a strong and robust block model – we now need to deliver further drill core and assay results to fully define the resource over the whole of the Daejon project area. Once this is achieved, we can move to PFS stage and determine the economic model incorporating all environmental aspects of development