Mega Uranium reports resource increase & upgrade at Lake Maitland

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Wed, Jul 8, 2009
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

Mega Uranium reports a revised resource estimate for its Lake Maitland deposit, Western Australia,  has resulted in an increase in the contained uranium and an upgrade of the bulk of the resource from Inferred Resource to the Indicated Resource status.

A summary of the new resource and the previous resource estimate by Hellman & Schofield Pty Ltd in June 2006 is presented in the table below (note figures have been rounded).

Mega Uranium’s CEO & Chairman,  Sheldon Inwentash says:

“The increase and upgrade at Lake Maitland confirm the quality of the resource and enhance the project economics. With the support of our Japanese partners, JAURD and ITOCHU, Mega is well on schedule to meet our target of bringing Lake Maitland into production in late 2011.”

For complete details of this press release, click this link.

To view  company profile, click here.

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