understanding how excellent these results are

jumper3.

1 Metric tonne = 1000 kgs = 2200 lbs

0.1% U308 or 1000 PPM = 2.2 lbs/ton
1.0% U308 or 10,000 ppm = 22 lbs/ton
10.0% U308 or 100,000 ppm = 220 lbs/ton
20.0% U308 or 200,000 ppm = 440 lbs/ton

PPM = parts per million

Paladin Energy Langer Heinrich resource is,
56.4Mt @ 0.06% U3O8 (32,858t U3O8)72.4Mlb

Meaning this operating mine is mining a grade of 600 PPM.

Extract Resources Rossing South uranium project,
where the company has discovered a high grade JORC compliant resource of 145 Mlbs U3O8 at a grade of 449ppm in zone 1; Zone 2 has a JORC resource of 122 Mlbs U3O8 at a grade of 543 ppm

This resource has a grade of somewhere between 0.045% and 0.055% U308 or 450 to 550 ppm.

So to put todays results and the previous results into perspective you can get an appreciation of just how rich these two holes really are.

Operating mines and world class resources somewhere between 0.05% 500 ppm and 0.1% 1000 ppm U308

THX hole TPCR008 5 metres @ 0.76% or 7600 ppm or 17 lbs/t
THX hole TPCR019 15 metres @ 1.5% or 15000 ppm or 33 lbs/t
including 1 metre @ 20.3% or 203,000 ppm or 446.6 lbs/t
THX hole TPCDD26 11 metres @ 3.4% or 34000 ppm or 74 lbs/t
including 4.6 metres @ 8.0% or 80,000 ppm or 176 lbs/t

1 lbs of U308 = $46.50 USD or $51.90 AUD.

So today you could say we had,
11 metres @ $3840 tonne including,
4 .6 metres @ $9134 tonne.

1 metre @20.3% = $23,178 tonne.

Generally speaking from these depth any ore from nearly any commodity you can mine with a value of $250 to the tonne you can do so profitably.

Hope this helps you and any others who are confused about today's results