The overall Mineral Resource Estimate for the Salamanca project at 14 July 2016 stands at 89.3 million pounds of uranium (U3O8)

The Definitive-Feasibility Study for Salamanca was based solely on the Indicated and Measured Resources totaling 59.8 million pounds of U3O8 and did not incorporate any of the Inferred resources, which total 29.6 million pounds of U3O8.

Potential exists to maintain steady state production by successfully converting these Inferred resources into Indicated resources with further drilling.

Deposit Name Resource Category Tonnes (Mt) U3O8(ppm) U3O8(Mlbs)
Retortillo Measured 4.1 498 4.5
Indicated 11.3 395 9.8
Inferred 0.2 368 0.2
Total 15.6 422 14.5
Zona 7 Measured 5.2 674 7.8
Indicated 10.5 761 17.6
Inferred 6.0 364 4.8
Total 21.7 631 30.2
Alameda Indicated 20.0 455 20.1
Inferred 0.7 657 1.0
Total 20.7 462 21.1
Las Cabras Inferred 0.6 443 0.6
Cristina Inferred 0.8 460 0.8
Caridad Inferred 0.4 382 0.4
Villares Inferred 0.7 672 1.1
Villares North Inferred 0.3 388 0.2
Total Retortillo Satellites Total 2.8 492 3.0
Villar Inferred 5.0 446 4.9
Alameda Nth Zone 2 Inferred 1.2 472 1.3
Alameda Nth Zone 19 Inferred 1.1 492 1.2
Alameda Nth Zone 21 Inferred 1.8 531 2.1
Total Alameda Satellites Inferred 9.1 472 9.5
Gambuta Inferred 12.7 394 11.1
Salamanca Project Measured 9.3 597 12.3
Indicated 41.8 516 47.5
Inferred 31.5 395 29.6
Total 82.6 514 89.3

All figures are rounded to reflect appropriate levels of confidence. Apparent differences occur due to rounding.