Sage Plain

Snapshot

Location: Utah, United States (Slick Rock, Colorado Plateau)
Ownership: 100% Consolidated Uranium Inc. (upon closing)
Deposit Type: Tabular sandstone-hosted
Primary Minerals: Uranium, Vanadium
Stage: Past-producing
Proximity to White Mesa Mill: 54 mi (87 km)

Mineral Resources: 

Category

Tons (000s)

%U3O8

lbs U3O8 (000s)

%V2O5

lbs V2O(000s)

Measured

240

0.16

772

1.32

6,349

Indicated

13

0.10

26

0.77

199

Inferred

10

0.13

25

0.94

188

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 Sage Plain property in located in the Slick Rock District 15 miles northeast of Monticello, Utah and 54 road miles from the White Mesa Mill. The property consists of two fee mineral leases covering about 960 acres (Calliham and Crain) and a Utah State lease of 640 acres. It also consists of a high vanadium-to-uranium ratio.

The Calliham mine property was explored in the early 1970s by Hecla Mining Company. The lease was acquired by Atlas and the mine was brought into production in 1976. It operated again briefly in 1990-1991. All infrastructure from the historic mine has been removed and all permits have lapsed however, the underground workings remain relatively intact and the declines could be reestablished for quick re-entry.

Historic Production - Calliham Mine

Operator Tons (000s) %U3O8 lbs U3O8 (000s) %V2O5 lbs V2O5 (000s)
Atlas 209 0.15 605 .090 3,773
Umetco 13 0.21 56 1.29 343
Total 221 0.15 661 0.93 4,116

 

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