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Energy Resources of Australia Ltd.

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Summary

Project:

Jabiluka

Deposit:Jabiluka
Location:Australia
Commodities:Uranium
Date:2/26/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Mine in Care & Maintenance
Report details:26-2-2020: Energy Resources of Australia Ltd. announces a Resource Estimation report for its Jabiluka deposit at the Jabiluka project. Annual statement of resources, unchanged from 2018. Energy Resources of Australia Ltd (ERA) has completed its annual ass
Resources:(Resource, Total): 25.12Mt @ 0.55% U3O8 for 137107t U3O8 contained at project
CP/QP:[Resources]: Stephen Pevely (Internal)
ABSTRACT:Energy Resources of Australia Ltd (ERA) has completed its annual assessment and reconciliation of Ore Reserves and Mineral Resources for both Ranger and Jabiluka. The results are set out on the attached page. Ranger Reserves and Resources The Ranger Ore Reserves and Mineral Resources are reported under the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC 2012 code). During 2019, the Proved and Probable Ore Reserves for Ranger decreased from 3,735 tonnes of uranium oxide to 1,711 tonnes of uranium oxide. This is wholly due to ore depletion by the processing of 2,024 tonnes of uranium oxide. During the reporting period, all processed ore was sourced from either run of mine stocks or low grade stockpiles. The table below sets out the reconciliation of Ranger Ore Reserves

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