Classification |
Tonnes (Mt) |
Grade Mo (ppm) |
Metal Mo (Tonnes) |
M&M |
|
|
|
Indicated |
1.90 |
486 |
914 |
Inferred |
4.90 |
388 |
1,897 |
Miriam |
|
|
|
Measured |
10.70 |
101 |
1,076 |
Indicated |
0.50 |
38 |
20 |
TOTAL MEASURED |
10.70 |
101 |
1,076 |
TOTAL INDICATED |
2.40 |
393 |
934 |
TOTAL INFERRED |
4.90 |
388 |
1,897 |
In reporting the Mineral Resource statement, SRK notes the following:
1. Mineral Resources have an effective date of July 01, 2022.
2. Mineral Resources are classified according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (November 29, 2019).
3. Mineral Resources are reported here are Inclusive of Mineral Reserves and are reported as undiluted, with no mining recovery applied in the Mineral Resource statement.
4. Technical and economic assumptions were agreed between SRK and GoviEx for mining factors (mining and processing costs) are processing factors (metal recovery, processing costs), which were used for optimisation, and which were developed to a Feasibility Study level of detail and accuracy.
5. SRK considers there to be reasonable prospects for economic extraction by constraining the resources within an optimized pit shell shape constructed assuming a Uranium price of US$70/lb U3O8.
6. Mineral Resources are reported within volumes defined by the Optimized pit shell above a eU cut-off of 0.22kg/t.
7. For the underground resources at MM, MSNE-MYVE, MSCE and MSEE, SRK considers there to be reasonable prospects for economic extraction by constraining the resources within an optimized underground mining shape constructed assuming a Uranium price of US$70/lb U3O8.
8. Mineral Resources are reported within volumes defined by the Optimized underground shell above a eU cut-off 0.40kg/t. The tonnage reported as Molybdenum resource is entirely within the volume reported as Uranium resource, thus the tonnages are not additive.
9. Tonnages are reported in metric units, grades in kilograms-per-tonne (kg/t) and parts-per-million (ppm), and the contained metal in Tonnes and Million pounds (M lbs). Tonnages, grades, and contained metal totals are rounded appropriately.