Bigger than Extract

And almost as big as Olympic Dam...

AEE has the 2nd biggest ASX-listed uranium deposit, yet is capped at just $8 million with $2 million cash.


The 3rd pole is AEE's Haggan deposit in Sweden:



The above image is a little out of date... AEE's pole is actually a little longer - Haggan stands at 803 million pounds.

And it also holds 1.6 billion pounds of nickel, 2.2 billion pounds of zinc, and 1 billion pounds of molybdenum.

AEE's main focus right now is the Reguibat deposit in Mauritania, where 49 million pounds lie within 5 metres of surface.

Scoping study gives a low capex, low opex, long term, high margin operation:

Estimated 750,000 pounds annual uranium production over 15 years with startup capital costs of around $50 million, production costs of $30 per pound, pre-tax cash flow of $360 million and an internal rate of return of 78%,

These figures are based on indicated and inferred resources of 49 million pounds.