The resource updates at Valhalla and Skal, as announced in September quarter 2009, have resulted in a 19.7% increase in combined Measured and Indicated Mineral Resources. Resources at either 230ppm or 250ppm U3O8 cut-off grade at the Mount Isa Uranium Project including the updated Valhalla and Skal resources are now:
Individual JORC compliant Mineral Resource figures for the Mount Isa area quoted on 100% basis.
|
Deposit |
Measured and Indicated
Mineral Resources |
Inferred
Mineral Resources |
Paladin
Share |
| . |
Cut-off ppm U3O8 |
Mt |
Grade ppm |
t U3O8 |
Mt |
Grade ppm |
t U3O8 |
. |
|
Valhalla |
230 |
31.2 |
874 |
27,229 |
5.2 |
859 |
4,494 |
91.0% |
|
Skal |
250 |
4.3 |
575 |
2,458 |
8.4 |
491 |
4,129 |
91.0% |
|
Bikini |
250 |
|
|
|
10.1 |
517 |
5,200 |
82.0% |
|
Andersons |
230 |
|
|
|
2.0 |
1,050 |
2,100 |
82.0% |
|
Watta |
230 |
|
|
|
4.2 |
410 |
1,720 |
82.0% |
|
Duke Batman |
250 |
0.5 |
780 |
388 |
1.6 |
630 |
1,016 |
100% |
|
Honey Pot |
250 |
|
|
|
2.6 |
700 |
1,799 |
100% |
|
Total |
36.0 |
837 |
30,075
(66.3Mlb) |
34.1 |
600 |
20,458
(45.1Mlb) |
. |
|
Total Resource Attributable to Paladin |
32.8 |
836 |
27,373(60.3Mlb) |
29.9 |
604 |
18,049
(39.8Mlb) |
. |
(Figures in the table may not add due to rounding)
Total Measured, Indicated and Inferred Mineral Resources under management by Paladin in the Mount Isa region increased to 111.4Mlb (50,533t U3O8) from previous 106.6Mlb U3O8 (48,381t U3O8). Measured and Indicated Mineral Resources increased to 66.3Mlb U3O8 (30,075t U3O8 at 837ppm) from previous 55.4Mlb U3O8 (25,153t U3O8 at 889ppm).