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Odin Uranium Deposit

The Odin uranium deposit is located (1km) north of Valhalla on MDL510.

The Odin uranium deposit has a strike length of 600m and contains two mineralised lenses. The main lens trends north-north-east and dips 50° – 60° to the east. The smaller southern lens strikes north-south and dips steeply to the east.

The current resource estimate is reported below at a 250ppm U3O8 cut-off grade.

 

Updated Odin Mineral Resource estimate as at December 2011 (at 250ppm U3O8 Cut-off)

Resource Category Mt Grade ppm
U3O
t
U3O
Mlb
U3O8
Indicated 8.2 555 4,534 9.99
Inferred 5.8 590 3,430 7.6

(Mineral Resource quoted on 100% basis)

Latest prices

ASX A$ 0.14

Latest Prices

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

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