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Main Forum•AEE shifts to Australia's second largest uranium resource holder
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AEE's announced this morning an increase to 631 million pounds of their uranium JORC at their Haggan project in Sweden
This jumps AEE to Australia's largest uranium resource holder after BHP.
As can be seen below there is a lot more to come and with a market cap of just AU$41m AEE is now the world's cheapest, in terms of EV/Resource, of the "giants" according to my research.
New milestone - Häggån uranium resource doubles to 631 million pounds
(To understand the Haggan project you need to read about the tank leach and bio-leach techniques that have been developed to give a large % recovery in around 12 hours). See earlier posts on this blog.
HIGHLIGHTS:
Resource expanded to 631 million pounds of uranium at a grade of 160ppm U3O8
Häggån Project now in the top three largest undeveloped uranium resources in the world
Resource covers only 15% of the Häggån Project with significant potential for further increases around drilled, thick mineralisation
Estimate independently prepared by Hellman & Schofield Pty Ltd
Häggån includes substantial molybdenum (383,000t), nickel (580,000t) & vanadium resources
http://www.australianuranium.com.au/Australian-Uranium-Stocks-by-Resource.html
