September 7 2010

JORC Resources (July 2010)

JORC Code Resource Summary (July 2010)

DEPOSIT

CATEGORY

TONNE

(MILLION)

U3O8

(PPM)

U3O8

(%)

U3O8

(TONNE)

U3O8

(MILLION POUND)

REPTILE URANIUM NAMIBIA
Omahola Project
INCA  * Inferred 6.2 469 0.047 2,913 6.4
INCA  * Indicated 10.9 414 0.041 4,516 10.0
Tubas Red Sand # Inferred 10.7 158 0.016 1,685 3.7
Tubas Red Sand  # Measured/Indicated 3.2 168 0.017 532 1.2
Other RUN Projects
Tumas * Inferred 1.0 360 0.036 360 0.8
Tumas * Indicated 9.0 343 0.034 3,087 6.8
Tubas  # Inferred 77.3 228 0.023 17,620 38.8
Aussinanis x Inferred 29.0 240 0.024 6,960 15.3
Aussinanis x Indicated 5.6 222 0.022 1,243 2.7
REPTILE PROJECT TOTAL 152.9 255 0.026 38,916 85.7

 

Napperby Uranium Project
Napperby * Inferred 9.3 359 0.036 3,351 7.4
NAPPERBY PROJECT TOTAL 9.3 359 0.036 3,351 7.4

 

Mount Isa Uranium Project

Mount Isa 

Inferred 2.0 440 0.044 890 2.0
Mount Isa  Indicated 1.6 400 0.040 650 1.4
Mount Isa Project Total 3.6 420 0.042 1,540 3.4
 
TOTAL INFERRED 139.3 251 0.025 34,932 74.4
TOTAL INDICATED 25.4 308 0.031 7,812 22.1

 

TOTAL RESOURCES 165.8 264 0.026 43,807 96.5

 Figures have been rounded to reflect the accuracy of estimates and include rounding errors   

 # 100 ppm cut-off     X  150 ppm cut-off     * 200 ppm cut-off         300 ppm cut-off      ♦  eU3O8 ppm  

Conversion 1 kg = 2.205 lb 

U3O8 Pricing

UX U3O8 Spot      ::  US$46.00/lb

UX U3O8 Long Term ::  US$58.00

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