timing is everything, page-4

Nonski

What's important to realise is that the 2 Ukraine projects have already had Feasibility Studies performed on them in the 70's and 80's - and back then these deposits were economically viable. Uran has announced that they will be undertaking Final Feasibility Studies on these deposits (which will include some minor drilling) to satisfy JORC requirements.

In other words, these deposits are definitely production opportunities...should Uran exercise their right under the agreement following the FFS.