- 99.5% ownership
- Preliminary Economic Assessment (PEA) completed in April 2010 indicating a cash production cost of less than USD$22/lb.
- Excellent metallurgy; recoveries of 98.6% and 84.4% after 31 days with low acid consumption.
- Current drilling platforms include strike length of 3 km, width of 0.5 km, average hole depth of 60m and U3O8 grade of 0.4 pound per tonne.
- Updated resource estimate in August 2013
Resource Summary (NI 43-101 Compliant)
|Colibri 2 & 3 / Tupuramani Mineral Resource estimate (75ppm U cut-off)|
|Metric units||Imperial units|
|Tonne (000s)||Density (t/m3)||U grade (ppm)||U3O8 Content (000s kg)||Ton (000s)||U3O8 Content (000s lbs)||U3O8 Grade (lbs/ton)|
|Colibri 2 & 3||Indicated||27 885||1.99||203||6 663||30 737||14 690||0.48|
|Inferred||9 453||1.99||167||1 859||10 419||4 099||0.39|
|Tupuramani||Inferred||10 976||1.99||125||1 621||12 099||3 574||0.30|
|(i)||Minor discrepancies due to rounding may occur|
|(ii)||There are currently no known risks that could materially affect potential development|
Maps and Diagrams
Location of Colibri 2&3 concessions
Geology surrounding the Colibri 2&3 project
Colibri 2&3 radiometric map
David A. Young, BSc (Hons), FGSSA, MSAIMM, FAusIMM, Pr Sci Nat; an independent contractor to the Company, is the Qualified Person according to NI 43-101 for the resource estimation for the Colibri 2 & 3 property and has approved the resource related contents contained in this website.