"...A site visit was completed by Jacana personnel in November 2010, during which car borne and foot traverses (with a handheld spectrometer) were effective in validating the radiometric anomaly as well as the association of uranium with graphitic schists."
Looks like the Uranium is associated with the graphite which acts as a 'sink' for the uranium (as described if you read the article). So my assumption would be if you concentrate the graphite, you will concentrate the Uranium ?
How much Uranium is there to concentrate & how that would effect the graphite purity is another matter.
Certainly impressive numbers as far as graphite resource goes but I think I'll sit on the sidelines until a bit more processing info comes to light but GLTA holders this looks huge.
BTW: "uranium is valuable stuff!"
Maybe 'Uranium WAS valuable stuff' might be a better description - not much but bad news in the short term Uranium space at present.
SYR Price at posting:
$2.63 Sentiment: None Disclosure: Held
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