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Energy Fuels Inc.
Summary
| Project: | Alta Mesa | |
|---|---|---|
| Deposit: | Alta Mesa, Mestena Grande | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 8/2/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2016: Energy Fuels Inc. announces a Resource Estimation report for its Alta Mesa, Mestena Grande deposit at the Alta Mesa project. Initial NI43-101 compliant resource estimate for Alta Mesa project. This Technical Report was prepared for EFR Alta Mesa | |
| Resources: | (Resource): 1.635Mt @ 0.111% U3O8 (M+I), 6.964Mt @ 0.121% U3O8 (Inf.) at project | |
| CP/QP: | [Resources]: Douglas L. Beahm (BRS Inc.) | |
| ABSTRACT: | This Technical Report was prepared for EFR Alta Mesa LLC, a wholly-owned subsidiary of Energy Fuels Inc., in compliance with National Instrument 43-101, Standards of Disclosure for Mineral Projects and in accordance with CIM Best Practice Guidelines for the Estimation of Mineral Resources and Mineral Reserves. The Alta Mesa Uranium Project (Project) produced approximately 4.6 million pounds of uranium oxide between 2005 and 2013 via In Situ Recovery (ISR) mining. The facility was in production from 2005 until primary production ceased February 2013. The Project operated in a groundwater cleanup mode until February 2015; therefore, any uranium mined since 2013 remains as in-circuit inventory. This report provides estimates of mineral resources for the Alta Mesa and Mesteña Grande areas. No current preliminary economic assessment, pre-feasibility study or feasibility study has been completed. Thus, no mineral reserves are stated, and the additional requirements of Form 43-101F1 for advanced technical reports, Sections 15 through 22, do not apply to this report. This report also defines exploration target(s) within the project areas and discloses the potential quantity and grade of mineralization, expressed as ranges, for further exploration. The tonnages, grades, and contained pounds of uranium, as stated in this report, for exploration targets should not be construed to reflect a calculated mineral resource (inferred, indicated, or measured). The potential quantities and grades for exploration targets, as stated in this report, are conceptual in nature, and there has been insufficient work to date to define a NI 43-101 compliant resource. Furthermore, it is uncertain if additional exploration will result in any of the exploration targets being delineated as a mineral resource. | |
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