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Millsite Tailings Complex

Beyond the Cooke Tailings Dam, the Company owns significant additional surface resources containing uranium and gold, including the Millsite Tailings Complex. These additional resources provide the opportunity to undertake incremental expansions of the Uranium Project to treat additional feedstock, should we choose to bring them into production in the future. A pre-feasibility study on treating lower grade uranium feed material has been completed.

        U308 Au
MILLSITE COMPLEX MILLION   RESOURCE Grade Contained Grade Contained
TONNES   CLASSIFICATION (kg/t) (Mlbs) (g/t) (Moz)
Millsite Complex -Dump 38 15.72   Measured 0.067 2.32 0.298 0.15
Millsite Complex -Dump 39 77.27   Measured 0.045 7.67 0.278 0.69
Millsite Complex -Dump 40/41 74.47   Measured 0.049 8.04 0.278 0.67
Total / Average 167.47   Measured 0.049 18.03 0.280 1.51

Resources quoted represent total contained (dry) dump resources. No economic cut-offs have been applied.

SAMREC compliant mineral resource estimate as of June 2007 by Venmyn Rand.

 

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