Location:
Australia, Queensland
Nearest Landmark:
MOUNT ISA
Distance from Landmark:
40 km
Direction from Landmark:
North
Latitude:
20 Degrees 20 Minutes (South)
Longitude:
139 Degrees 26 Minutes (East)
Summit Resources announced that an initial mineral resource estimate conforming to the JORC (2004) guidelines has now been completed for the Odin uranium deposit, Valhalla project, Queensland, Australia. The inferred resource estimates 8.2 Mt averaging 573 ppm U3O8 calculated at a grade cut-off of 250 ppm U3O8. The overall resources under Summit Management in the Mount Isa Region now stand at 121.0 Mlb of contained U3O8.
Summit Resources announced a new JORC Mineral Resource upgrade for the Valhalla deposit. Measured and Indicated Mineral Resources increased by 5.6% to 63.4Mlb U3O8 (28,778t U3O8) from previously announced 60.0Mlb U3O8 (27,229t U3O8). Total Mineral Resources increased from previous 69.9Mlb U3O8 to 76.2Mlb U3O8.
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