Assumptions
Exchange Rate 0.76
Uranium Price USD per lb 42.75
Specific Gravity of host rocks 2.2
Deposit Edge Holes sqm 80,000
Deposit Non Edge Holes sqm 160,000
Drill Hole Thickness m Grade Inferred Resource in Tonnes Edge Hole Inferred Resource in Pounds Inferred Australian Dollar Inground Value
AK021 3 0.098% 1034.88 n 2276736 128066400
AK022 1.5 0.027% 142.56 n 313632 17641800
AK023 3.5 0.094% 579.04 y 1273888 71656200
AK023 1.5 0.033% 87.12 y 191664 10781100
AK025 2 0.173% 608.96 y 1339712 75358800
AK025 5 0.050% 440 y 968000 54450000
AK020 2 0.150% 528 y 1161600 65340000
AK019 5.5 0.400% 7744 n 17036800 958320000
AK010 1 0.160% 563.2 n 1239040 69696000
AK034 2.5 0.065% 286 y 629200 35392500
AK038 5 0.152% 1337.6 y 2942720 165528000
Subtotal Eastern Deposit 13351.36 29372992 1652230800
AK009 1.5 0.260% 1372.8 n 3020160 169884000
AK050 1.5 0.025% 66 y 145200 8167500
AK050 3.5 0.087% 535.92 y 1179024 66320100
AK050 2 0.082% 288.64 y 635008 35719200
AK051 1.5 0.042% 221.76 n 487872 27442800
AK051 13.5 0.440% 20908.8 n 45999360 2587464000
AK052 2.5 0.036% 158.4 y 348480 19602000
AK054 1.5 0.035% 92.4 y 203280 11434500
AK062 2 0.119% 837.76 n 1843072 103672800
AK063 6 0.230% 4857.6 n 10686720 601128000
AK063 5.5 0.035% 677.6 n 1490720 83853000
AK063 7 0.096% 2365.44 n 5203968 292723200
AK064 2.5 0.047% 413.6 n 909920 51183000
AK064 1.5 0.139% 733.92 n 1614624 90822600
AK064 4.5 0.139% 2201.76 n 4843872 272467800
AK065 5 0.104% 1830.4 n 4026880 226512000
AK065 1 0.293% 1031.36 n 2268992 127630800
AK065 2 0.223% 1569.92 n 3453824 194277600
AK066 2 0.193% 1358.72 n 2989184 168141600
AK066 1.5 0.116% 612.48 n 1347456 75794400
AK068 1.5 0.121% 638.88 n 1405536 79061400
AK069 1.5 0.223% 1177.44 n 2590368 145708200
AK069 2 0.062% 436.48 n 960256 54014400
AK069 1.5 0.052% 274.56 n 604032 33976800
AK067A 1.5 0.053% 279.84 n 615648 34630200
AK070 4.5 0.562% 8902.08 n 19584576 1101632400
AK070 8 0.137% 3857.92 n 8487424 477417600
Subtotal Western Deposit 57702.48 126945456 7140681900
Totals 71053.84 156318448 8792912700