Australia's largest stock trading and investment forum Australia's #1 stock forum

PNX

0.00%

0.5¢ pnx metals limited

This one will move up on next Ann My guess it initial resource...

First 5 Last

Share
Profile

Follow
Jardene

175 Posts.

8

16/01/24

10:05

Post #: 71896737
Share
Originally posted by Propunter2: ↑

Yes, have had a preliminary look at this - U3O8 grades commonly around the 1% mark - the 8% & 20% grades are the bomb.

https://www.mining.com/web/making-the-grade-understanding-exploration-results/
approximately 0.1% would be an economic intercept over 100 metres. For high-grade, underground deposits, a grade of 1% would be a significant intercept over thicknesses of 2 metres or more.

Chat GPT response below.
Cigar Lake, Canada: One of the world's highest-grade uranium mines, with grades often exceeding 20% U3O8, which is equivalent to 200,000 ppm.
McArthur River, Canada: Before its temporary closure, it was the world's largest high-grade uranium mine, with grades of about 10-15% U3O8 (100,000 to 150,000 ppm).
Kazakhstan's ISR (In-Situ Recovery) Mines: Kazakhstan is a major uranium producer with multiple ISR mines. These mines generally have lower grades, often around 0.05-0.2% U3O8 (500 to 2,000 ppm).
Ranger, Australia: This mine, which was operational until January 2021, had grades of about 0.2-0.3% U3O8 (2,000 to 3,000 ppm).
Rossing, Namibia: This large open-pit mine has lower-grade uranium, typically around 0.03% U3O8 (300 ppm).
Olympic Dam, Australia: This is a very large polymetallic mine also containing uranium, with grades around 0.05% U3O8 (500 ppm).
Husab, Namibia: Another large mine in Namibia, with grades similar to Rossing, around 0.03% U3O8 (300 ppm).

Expand

This one will move up on next Ann
My guess it initial resource will come in at around 5mill lbs. This should includ big hits but my not.
Jardene
PNX Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply