EXT have an Inferred Resource Estimate,not a reserve.
The reason I mentioned the 51.5 mlb was to compare grade at a comparable size resource that a director of Xemplar Energy(another Namibian uranium explorer) mentioned as large.
Check out the interview I linked on my previous post.
Zone 1 (Rossing South) The initial Zone 1 Resource Estimate, following JORC Code guidelines, is shown in the following table. IT IS IMPORTANT TO NOTE (my caps) that at cut off grades in excess of 200 ppm U3O8 a significant resource is still defined. This highlights the continuity of the mineralisation above this cut off within the resource model. Rossing South Zone 1 – Inferred Resource Estimate Lower Cutoff (U3O8 ppm) Tonnage (Mt) Grade (U3O8 ppm) Contained Metal (M lb U3O8) 100 115.0 430 108.3 200 102.0 460 103.7 300 76.2 530 89.4 400 49.0 630 68.4 500 31.8 730 51.5
Cheers
EXT Price at posting:
$4.92 Sentiment: Buy Disclosure: Held
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