Banana Lake Zone
Resource Snapshot
| Inferred Resources | |
| Overall Size | 30,315,000 tons of rock |
| U3O8 Size | 27,638,000 lbs U3O8 |
| Grade U3O8 | 0.912 lbs U3O8/ton 0.046 wt% U3O8 |
ppm = parts-per-million, 500 ppm = 1 lb/ton
- The Banana Lake zone Uranium Mineral Resource Estimate is effective as of April 01, 2011
- Mineral Resources were prepared from a polygonal model estimated at a cut-off value of $100 per tonne, using a uranium price of US $70/lb. U3O8, and a C$:US$ exchange rate of 1:0.9
- A specific gravity (S.G.) of 2.85 tonnes/m3 (or 3.14 tons/m3) was used
- Indicated amounts may not precisely sum due to rounding
- Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues
- The quantity and grade of reported Inferred Resources are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured Mineral Resources, and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category
- The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005
Stage
Exploration and resources delineation
Banana Lake Resource Polygons as of July 2011
