TSX: UEX   $0.17
U3O8     SPOT: $29.06 US/lb     LONG TERM: $31.25 US/lb
TSX: UEX   $0.17
FRANKFURT: UXO
OTCQX: UEXCF
U3O8     SPOT: $29.06 US/lb     LONG TERM: $31.25 US/lb

  • Uranium Resources

  • Cobalt and Nickel Resources
Total Pounds U3O8 by Project and Category chart
Millions of Pounds U3O8 by Category - All Projects chart

Click the images to enlarge

Deposit
 
Indicated Resources
(at 0.05% U3O8 Cut-Off) 
 
Inferred Resources
(at 0.05% U3O8 Cut-Off) 
 
Tonnes 
Grade
(wt% U3O8)
 
U3O8
(lbs) 
 
UEX Share (lbs) 
 
Tonnes 
Grade
(wt% U3O8)
 
U3O8
(lbs) 
 
UEX Share
(lbs) 
Horseshoe-Raven (100% interest)                
  Horseshoe
5,119,700
0.203
22,895,000
22,895,000
287,000
0.166
1,049,000
1,049,000
  Raven
5,173,900
0.107
12,149,000
12,149,000
822,200
0.092
1,669,000
1,669,000
Total - Horseshoe-Raven
10,293,600
0.154
35,044,000
35,044,000
1,109,200
0.111
2,715,000
2,715,000
West Bear (100% interest)
 
 
 
 
 
 
 
 
  West Bear Uranium
78,900
0.908
1,579,000
1,579,000
-  
-  
-  
-  

1. The mineral resource estimates follow the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and classifications follow CIM definition standards.

2. The Horseshoe, Raven, and West Bear mineral resources were estimated at a cut off of 0.05% U3O8, and are documented in the “Preliminary Assessment Technical Report on the Horseshoe and Raven Deposits, Hidden Bay Project, Saskatchewan, Canada” (The Preliminary Assessment Technical Report”, the “PA” or the Horseshoe-Raven Report”) with an effective date of February 15, 2011 which was filed on SEDAR at www.sedar.com on February 23, 2011.

3. Certain amounts presented in the Hidden Bay N.I. 43-101 report have been rounded for presentation purposes. This rounding may impact the footing of certain amounts included in the tables above.

The PA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Deposit
 
Indicated Resources
(at 0.30% U3O8 Cut-Off) 
 
Inferred Resources
(at 0.30% U3O8 Cut-Off) 
Tonnes 
Grade
(wt% U3O8)
U3O8
(lbs) 
UEX Share
(lbs) 
Tonnes 
Grade
(wt% U3O8)
U3O8
(lbs) 
UEX Share
(lbs) 
Shea Creek (49.1% interest)
 
 
 
 
 
 
 
 
  Kianna
1,034,500
1.526
34,805,000
17,088,385
560,700
1.364
16,867,000
8,281,275
  Anne
564,000
1.991
24,760,000
12,156,541
134,900
0.880
2,617,000
1,284,882
  Colette
327,800
0.786
5,680,000
2,788,738
493,200
0.716
7,780,000
3,819,786
  58B
141,800
0.774
2,417,000
1,186,687
83,400
0.505
928,000
455,625
Total - Shea Creek
2,067,900
1.484
67,663,000
33,220,841
1,272,200
1.005
28,192,000
13,841,567

1. The mineral resource estimates follow the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and classifications follow CIM definition standards.

2. The Shea Creek mineral resources were estimated at a cut-off of 0.30% U3O8, and are documented in the Shea Creek Technical Report with an effective date of May 31, 2013 which was filed on SEDAR at www.sedar.com on May 31, 2013.

3. Certain amounts presented in the Shea Creek N.I. 43-101 report have been rounded for presentation purposes. This rounding may impact the footing of certain amounts included in the tables above.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. For additional information on the mineral resource estimate, please refer to “Technical Report on the Shea Creek property, northern Saskatchewan, with an updated mineral resource estimate” as filed on SEDAR on May 31, 2013.

Mineral Resource Statement*, West Bear Cobalt-Nickel Project, Saskatchewan
     
Grade
   
Contained Metal
Category
Quantity
Tonnes
Cobalt
(%)
Nickel
(%)
 
Cobalt
('000 lb)
Nickel
('000 lb)
Inferred
390,000
0.37
0.22
 
3,172
1,928

1. The mineral resource estimates follow the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and classifications follow CIM definition standards.

2. The West Bear Co-Ni Deposit mineral resources are documented in the technical report entitled: “Technical Report for the West Bear Cobalt-Nickel Project, Saskatchewan, Canada” (the “West Bear Co-Ni Report”)and was prepared by SRK Consulting (Canada) Inc. by Mr. Sébastien Bernier, P.Geo., and by Ms. Chantal Jolette, P.Geo. of Analytical Solutions Ltd., each of whom is considered a “Qualified Person” for the purposes of NI 43-101.  The West Bear Co-Ni Report is dated August 7, 2018 and has an effective date of July 6, 2018.

3. The West Bear Co-Ni Deposit mineral resources were determined using a cut-off grade of 0.023 percent cobalt equivalent (“CoEq”), using the equation CoEq = Co + (Ni x 0.2) , considering metal prices of US$35.00 per pound of cobalt and US$7.00 per pound of nickel, and assuming metal recovery of 90 percent for cobalt and 90 percent for nickel..  Only mineralization located within a conceptual open pit was included in the final resource estimate.

The current mineral resource includes the results from 53 drill holes totaling 5,774 metres drilled by UEX in 2003, 2005 and 2018 targeting mineralization between 18 m and 85 m from surface.

Mineral resources are not mineral reserves and have not demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserve.

Subscribe to
Email Updates