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OTCQB:
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Ben Lomond
Ben Lomond Snapshot
| Location: | Queensland, Australia |
| Ownership: | 100% Consolidated Uranium |
| Deposit Type: | volcanogenic unconformity-related |
| Primary Minerals: | Uranium, Molybdenum |
| Stage: | Development |
Ben Lomond Mineral Resources:
|
Category |
Tonnes (m) |
U3O8 Grade (ppm) |
Contained U3O8 (m lbs) |
|---|---|---|---|
|
Indicated |
1.3 |
2700 |
7.9 |
|
Inferred |
0.6 |
2100 |
2.8 |
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 Ben Lomond project is located in Queensland, Australia and was acquired from Mega Uranium as announced on October 3, 2022. Ben Lomond is a high grade, potential low capex deposit, which is open to the east over at least 1 km strike length. The CUR team is analyzing the historical data.
Acquisition Terms:
- 900,000 CUR shares, 900,000 CUR warrants and $180,000 upfront
- $3,000,000 in cash or CUR shares to acquire 100% interest (24 months to exercise)
- Contingent payments (in cash or CUR shares) as follows:
- If the uranium spot price reaches USD$50, Mega will receive $850,000
- If the uranium spot price reaches USD$75, Mega will receive $1,275,000
- If the uranium spot price reaches USD$100, Mega will receive $1,685,000