The Project hosts a JORC Code uranium resource and is further prospective for uranium and lithium. The uranium deposit consists of an Indicated Resource of 65.7 Mt @ 253 ppm eU3O8 (36.7 Mlb eU3O8) and an Inferred Resource of 3.6 Mt @ 151 ppm eU3O8 (1.2 Mlb eU3O8), giving a total of 37.9 Mlb eU3O8. The resource contains a high-grade zone of 18.4 Mt @ 444 ppm eU3O8 based on an interpreted grade envelope defined by a 300 ppm eU3O8 cut-off grade. A broad zone of lower grade resource surrounds and lies immediately below the high-grade zone.
Both uranium and lithium are important minerals in a global focus for a clean energy transition.
The Company will focus on exploration of the Project using the latest exploration techniques as well as results of previous exploration work undertaken by earlier explorers.
It is anticipated that A1E will list on the ASX during May 2022.
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