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Current Status

Michelin is situated in a highly prospective area that extends for 8 by 3km. Numerous radiometric anomalies are present, which form several mineralised trends and include known prospects such as Chitra, Running Rabbit, Mikey Lake, and Rainbow that have received limited drilling. However the majority of the area (>90%) is covered by till, soil, and vegetation, which potentially obscures additional deposits.  As a consequence of the continuing weakness in the uranium spot price the project currently operates on minimum activity and expenditure, at a level intended to maintain the claims in good standing.

Latest prices

ASX A$ 0.12

Latest Prices

TradeTech U3O8 spot US$24.50/lb
TradeTech U3O8 long term US$32.00/lb

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