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The Nolans resource is currently at 18.6 million tonnes of indicated and inferred resources, containing:
Our work indicates that a larger resource is likely as additional mineralisation has been detected that has not been factored into the resource estimation. We will have a new resource statement available in late 2008 based on an additional 20,000 metre drilling program. The total indicated and inferred resources as at November 2005 are: |
Nolans Resource Classification |
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MT |
REO% |
REO (kt) |
P2O5% |
U3O8Ib/T |
|
| Total indicated | 10.5 |
3.1 |
332 |
13.8 |
0.50 |
| Total inferred | 8.1 |
3.0 |
245 |
14.3 |
0.43 |
| TOTAL | 18.6 |
3.1 |
577 |
14.0 |
0.47 |
 |
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Nolans Resource Compared |
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Project |
Resource |
By Products |
REO Recovery |
| Baiyunebo Inner Mongolia, China | 300mt @ 1.5% REO |
REO a by product of iron ore separation |
~25-50% |
| Mianning, Sichuan, China | 17mt @ 3% REO |
None |
50% |
| Mountain Pass, USA | 12mt @ 8% REO |
None |
50-60% |
| Mt Weld, Australia | 7.7mt @ |
None |
60% |
| Nolans, Australia | 18.6mt @ 3.1% REO |
Phosphoric Acid, Calcium Chloride, Uranium |
80-85% |
| Kangankunde Hill, Malawi | 11mt @ 2% REO |
None |
Unknown |
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