Elliot Lake Property

Teasdale Lake Zone

Resource Snapshot

Indicated Resources
Average Thickness 9.48 m
Overall Size 14,435,000 tons of rock
U3O8 Size 7,995,000 lbs U3O8
Grade U3O8 0.554 lbs U3O8/ton
0.028 wt% U3O8
REE Size 47,689,000 lbs TREE
Total REE Grade

Individual REE Grades
3.30 lbs TREE/ton
0.165 wt% TREE

422 ppm La
745 ppm Ce
73.8 ppm Pr
247 ppm Nd
41.1 ppm Sm
1.7 ppm Eu
26.2 ppm Gd
3.2 ppm Tb
14.3 ppm Dy
2.3 ppm Ho
5.8 ppm Er
0.8 ppm Tm
4.6 ppm Yb
0.7 ppm Lu
59.4 ppm Y
Inferred Resources
Average Thickness 9.82 m
Overall Size 42,447,000 tons of rock
U3O8 Size 20,115,000 lbs U3O8
Grade U3O8 0.474 lbs U3O8/ton
0.024 wt% U3O8
REE Size 133,175,000 lbs TREE
Total REE Grade

Individual REE Grades
3.14 lbs TREE/ton
0.157 wt% TREE

401 ppm La
709 ppm Ce
63.9 ppm Pr
232 ppm Nd
39.0 ppm Sm
1.6 ppm Eu
24.6 ppm Gd
3.0 ppm Tb
13.5 ppm Dy
2.1 ppm Ho
5.5 ppm Er
0.7 ppm Tm
4.4 ppm Yb
0.6 ppm Lu
56.5 ppm Y

TREE = Total Rare Earth Elements
TREE = sum of La+Ce+Pr+Nd+Sm+Eu+Gd+Tb+Dy+Ho+Er+Tm+Yb+Lu+Y

ppm = parts-per-million, 500 ppm = 1 lb/ton

  • The Teasdale Lake zone Uranium and Rare Earth Element Mineral Resource Estimate is effective as of July 30, 2013
  • 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, a combined TREE price of $78/kg, and a C$: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


Exploration and resources delineation

Teasdale Lake Resource Polygons as of July 2013

Teasdale Lake Resource Polygons as of July 2013

Mineralization Cross-Section of the Teasdale Lake Zone

Mineralization Cross-Section of the Teasdale Lake Zone

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