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Current Status

The Kayelekera Mine (KM) remains on Care and Maintenance (C&M).

Quarterly activities at site focussed on treating and discharging water in order to reduce KM’s water balance prior to the onset of the next rainfall season and on maintaining idled plant and equipment in good working order. Controlled treated water release commenced in mid-April 2015 and continued without incident. In late June, discharge was suspended due to the very low receiving water level in the local river system.

The Feasibility Study for recommencement of production at KM is near completion with a final internal review of the study underway. The study to date has confirmed that KM remains a valuable strategic asset that can be quickly returned to production when justified by a higher uranium price environment. KM will provide an additional 2.5Mlb pa in production and has clear potential to produce strong cash flow for at least six years, as more than 50% of the project’s total reserves and resources remain for future development. Further regional exploration has the potential to provide additional upside.

Latest prices

ASX A$ 0.18

Latest Prices

TradeTech U3O8 spot US$20.40/lb
TradeTech U3O8 long term US$34.00/lb

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