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Mega Uranium to Sell 35% of Lake Maitland Resource for US$49 Million to Japan Australia Uranium Resources Development Co. Ltd. and ITOCHU Corporation
Lake Maitland Project. Lake Maitland, located in the Eastern Goldfields area of Western Australia, contains a national instrument 43-101 compliant Inferred Resource of 23.7 million pounds U3O8.
35%x23.7=8.295mb us$ 49/8.295=us$5.9/b
Ext has one of the best uranium resources in the world, surely worth more than us$6/b.
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