The results of the additional drilling were used to establish a new Mineral Resource Estimate (MRE) for the Blackbush deposit in October 2022, which was further updated in March 2023. The latest MRE totals 18.1Mlbs at a cut-off grade of 250ppm U3O8 from 11.4Mt @ 720ppm and includes a significant proportion (60%) in the Indicated category. This, along with the favourable bench-scale test results, have been incorporated into the Scoping Study based upon the in-situ recovery mining (ISR) method with a 10.0 Mlbs U3O8 total Production Target at the Blackbush deposit, and annual production targeting 1Mlbs pa U3O8 with a ramp up and ramp down as shown below.
They will do far more dilling here and the scoping study will be updated .. this is a starting point based on current resource.
AGE Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
