| Announcement Date: | 2022-02-28 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Energy Resources of Australia Ltd. |
| Project name: | Jabiluka |
| Location: | Australia |
| Commodities: | Uranium |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Energy Resources of Australia Ltd (ERA) has completed its annual assessment of Ore Reserves and Mineral Resources for both the Ranger and Jabiluka deposits. The results are set out below. Ranger Reserves and Resources The expiry on 8 January 2021 of the right to mine and process ore on the Ranger Project Area (RPA) under the Ranger Section 41 of the Atomic Energy Act extinguished any reasonable prospects for eventual economic extraction of previously reported Ranger Ore Reserves and Mineral Resources, as is required by Section 20 of the JORC Code 2012. As a result, the ERA Ore Reserves and Mineral Resources Statement no longer reports any Ore Reserves and Mineral Resources for the RPA (including the Ranger 3 Deeps) and reports only the MLN1 Jabiluka Mineral Resources. Jabiluka Resources Jabiluka Mineral Resources are reported under the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code 2012). |
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