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Colibri 2 & 3 Project

Project Highlights


  • 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
Target Resource
Category
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
Notes:
(i) Minor discrepancies due to rounding may occur
(ii) There are currently no known risks that could materially affect potential development

Maps and Diagrams

Corachapi property map with drill hole location
Location of Colibri 2&3 concessions
Corachapi property map with drill hole location
Geology surrounding the Colibri 2&3 project
Corachapi property map with drill hole location
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.