four mile east exploration target

"Further to its announcement of 4 January 2008, Alliance Resources Limited (“Alliance” – ASX: AGS) is pleased to announce, in accordance with Clause 18 of the JORC Code (2004), an Exploration Target Range for the Four Mile East (FME) deposit at the Four Mile Uranium Project in South Australia of (1)13,500 to 21,500 contained tonnes ((2)30 million to 47 million lb) U3O8 at average grades between 0.23% and 0.27% U3O8 using a cut-off grade of 0.05% U308."

I like to convert grades to ppm ...

"30 million to 47 million lb U3O8 at average grades between 2,300 ppm and 2700 ppm U3O8 using a cut-off grade of 500 U308."

Note that they are still using the high cut off grade of 500 ppm as with Four Mile West.

Huge announcment imo, it will fly.