cxo's uranium mine, page-2

The Napperby resource is at inferred (9.54Mt @ 382ppm) for 8.03mlb of contained resource.
Core hasn't drilled part of the resource to measured/indicated or done the permitting, scoping study, feasibility study or DFS to be making the project FID ready. Without these the capex and opex structure is pure guess work and a realistic option of going hard on the resource doesn't exist.

Guessing that the capex for site works, tailings facilities and a concentration plans is into the hundred's of millions, at the moment Core doesn't have that spare change to progress the project. The current priorities for investment monies are in no particular order are completing the BP33 project, completing the grid connection for Finniss, completing scoping work on other Finniss deposits & undertaking more exploration work. If Core goes with an outright ownership option rather than leasing structure for Grants mining gear, that would also be right at the top of the list.