Refer to CXO's ASX Annoucement Dated 12 October 2018 titled "Napperby Uranium Resource Update and Increase".
The Key Points of the Annoucement were:
• The Napperby Uranium Resource has been re-estimated to 2012 JORC Code Inferred Mineral Resource of 9.54Mt at 382ppm U3O8 for 8.03 Mlb of contained U3O8 (at a 200 ppm U3O8 cut-off)
• New Mineral Resource estimate reflects an improved grade and increased contained uranium from the historic 2004-JORC Resource
• Napperby is one of the few undeveloped uranium deposits in Australiawithin a favourable jurisdiction where uranium is currently produced
• Significant potential remains to grow Napperby through further drilling ofthe immediately surrounding mineralisation
• In addition, there is substantial potential for additional uranium mineralisation within Core’s large 714 km2 prospective project area at Napperby
• Core has been contacted by multiple parties expressing interest in Napperby, and will assess various avenues to maximise the value to Core shareholders, whilst our focus remains on the development of the Finniss Lithium Project
• Uranium spot price has increased by 35% over past year (Note this is written in 2018) as new reactor builds come on-line globally
• Innovative ore processing technologies are improving economics of similaruranium projects in Australia and Africa
Napperby (located in NT) is still currently listed on Core's website as a project.
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