- Peat hosted uranium oxide deposit with near-term, near-surface, low-cost, ISR production potential.
- Under Option Agreement with USA incorporated owners International Mining Company Invest Inc (“IMC”).
JORC COMPLIANT URANIUM RESOURCE
INDICATED
3.657 M lbs U308
@ 0.011% (0.0% CUT-OFF)
(2.103 M LBS. U3O8 @ 0.056% WITH
0.024% U3O8 CUT-OFF)
INFERRED
1.854 M lbs U308
@ 0.015% (0.0% CUT-OFF)
(1.546 M LBS. U3O8 @ 0.067%, WITH
0.024% U3O8 CUT-OFF)
TOTAL
5.512 M lbs U308
(INDICATED & INFERRED)
EQUIVALENT VALUE
$ 151 M
AT 17 SEPTEMBER 2018 SPOT PRICE $27.40/LB U3O8
Conceptual exploration target of an additional 1.9 to 2.6 Mt of peat ranging 0.028 to 0.093 % U3O8 (U3O8 % = U% x 1.79)
PRODUCTION
- Infrastructure around the project includes 12-month road access, electricity and water supplies. 48km from capital Bishkek and 95km from Karabalta uranium processing plant.
- Trial production (2015) shows ISR mining technology (in situ leaching by Na2CO3 soda ash) as most favourable method of safely and economically recovering the uranium. Yellow cake successfully produced.
- ISR by soda ash will extract Uranium with no negative impact to environment. Use of soda ash permitted under Kyrgyz law.
- Significant exploration upside exists through drilling of adjacent prospective peat beds in the near vicinity of the current Resource.
Reports
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Uranium Pilot Test Summary
568.72 KB |
07/02/2019 09:28:56 |
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Uranium Financial Summary
570.73 KB |
07/02/2019 09:28:55 |
