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Geology & Resources

In 2012, Paladin drilled 96 holes for 9,026m of Rotary Mud and 242m of PQ core. The drilling resulted in a new geological model and, on 14 January 2014, Paladin announced an updated Mineral Resource for the Manyingee Project. The Mineral Resource estimate conforms to both the JORC(2012) Code and NI 43-101.

Updated Mineral Resource Estimate (250ppm U3O8 and 0.2m cut-off)

Unit

Mineral Resource 
Category

Tonnes
M

Density g/cm3

Grade
ppm U3O8

Pounds
M

Metal
t

U2

Indicated
Inferred

1.46
1.33

1.7
1.7
885
830
2.85
2.45
1,292
1,110
U3a

Indicated
Inferred

2.65
1.88
1.7
1.7
895
960
5.25
3.98
2,380
1,806
U3b

Indicated
Inferred

2.61
1.17
1.7
1.7
850
790
4.88
2.04
2,214
925
U3c

Indicated
Inferred

1.18
0.72
1.7
1.7
745
790
1.94
1.25
881
569
U4

Indicated
Inferred

0.47
0.30
1.7
1.7
765
680
0.80
0.45
362
203
Total

Indicated
Inferred

8.37
5.41
  850
850
15.71
10.17
7,127
4,613

(Figures may not add due to rounding)

Latest prices

ASX A$ 0.105
TSX C$ 0.110

Latest Prices

TradeTech U3O8 spot US$24.25/lb
TradeTech U3O8 long term US$35.00/lb

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