Direct Investments

Creating long term shareholder value through the progression of majority owned assets along the value chain.


Kamushanovskoye Uranium Project,

  • Peat hosted uranium oxide deposit with near-term, near-surface, low-cost, ISR production potential.
  • Under Option Agreement with USA incorporated owners International Mining Company Invest Inc (“IMC”).
  • JORC compliant Uranium Resource:
    • Indicated: 3.657 M lbs U3O8 @ 0.011% (0.0% cut-off) (2.103 M lbs. U3O8 @ 0.056% with 0.024% U3O8 cut-off)
    • Inferred: 1.854 M lbs. U3O8  @ 0.015% (0.0% cut-off) (1.546 M lbs. U3O8 @ 0.067%, with  0.024% U3O8 cut-off)
    • Total: 5.512 M lbs. U3O8  (Indicated & Inferred) would have an equivalent value  $ 151 M at 17 September 2018 spot price $27.40/lb U3O8
    • Conceptual exploration target of an additional 1.9 to 2.6 Mt of peat ranging 0.028 to 0.093 % U3O8 (U3O8 % = U% x 1.79)
  • Infrastructure around the project includes 12-month road access, electricity and water supplies. 48km from capital Bishkek and 95km from Karabalta uranium processing plant.
  • Trial production (2015) shows ISR mining technology (in situ leaching by Na2CO3 soda ash) as most favourable method of safely and economically recovering the uranium. Yellow cake successfully produced.
  • ISR by soda ash will extract Uranium with no negative impact to environment. Use of soda ash permitted under Kyrgyz law.
  • Significant exploration upside exists through drilling of adjacent prospective peat beds in the near vicinity of the current Resource.

Uranium Pilot Test Summary
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Uranium Financial Summary
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