Laguna Salada

Snapshot

Location: Chubut, Argentina
Ownership: 100% Consolidated Uranium
Deposit Type: Sedimentary Mineralized Gravels
Stage: Development
Primary Minerals: Uranium, Vanadium

Mineral Resources: 

Category

Tonnes (m)

U3OGrade (ppm)

Contained U3O8 (m lbs)

V2OGrade (ppm)

Contained V2O(m lbs)

Indicated

47.3

60

6.4

550

57.0

Inferred

20.8

85

3.8

590

26.9

¹ This table reflects historical mineral resource estimates considered to be a “historical estimate” under NI 43-101 and is not considered by the Company to be current.

Overview

The Laguna Salada Project is an potential development project located in the central part of Chubut Province, Argentina. The property is located about 270km southwest of the provincial capital, Rawson and approximately 230km from the main commercial port city of Comodoro Rivadavia. There has been over $15m spent on the project by U3O8 Corp. with an initial resource estimate published in May 2011 and a preliminary economic assessment published in September 2014. Argentina currently generates 5% of its electricity from three nuclear reactors and has domestic Uranium conversion and enrichment capabilities.

Planned Work

CUR has applied for exchange approval of the option agreement.

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