Anfield Energy Inc. (TSXV:AEC) announced the receipt of a NI 43-101 compliant mineral resource technical report for the Nine Mile Lake uranium project. The report is the third in a series of NI 43-101 technical reports for the company’s 25 Wyoming-based uranium projects.
The resource estimate is as follows:
- an Indicated Resource of 2,108,000 tons of mineralized material with an average grade of 0.059% (equivalent to an Indicated Resource of 2,504,000 pounds of U3O8); and
- an Inferred Resource of 1,297,000 tons of mineralized material with an average grade of 0.070% (equivalent to an Inferred Resource of 1,804,000 pounds of U3O8).
Corey Dias, CEO of Anfield, commented:
We are very pleased to announce the receipt of this resource report. Since acquiring 24 Wyoming uranium projects from Uranium One in 2016, we have committed to updating and confirming resources held on those properties. This report is the third to have been completed, and there remains a significant opportunity to delineate further uranium resources on the remaining 21 projects. Moreover, with the Charlie project resource report expected to be completed within the next 60 days, we expect to see continued significant growth in our uranium resource base. Finally, Anfield remains on course to deliver on its strategy of creating a viable uranium production complex in Wyoming as it looks to pair its resource base with the Resin Processing Agreement it has in place with Uranium One whereby it can process up to 500,000 pounds of uranium per year at Uranium One’s Irigaray Central Processing Plant.