JAGUAR URANIUM ANNOUNCES MAIDEN MINERAL RESOURCE ESTIMATE AT LAGUNA SALADA IN ARGENTINA
Jaguar Uranium announced an independent maiden Mineral Resource Estimate for its 100%-owned Laguna Salada uranium-vanadium project in Chubut Province, Argentina: 4.2 million lbs Indicated and 10.1 million lbs Inferred U3O8, plus 31.1M lbs Indicated and 57.3M lbs Inferred V2O5. The estimate covers 21.1 Mt Indicated at 119 ppm U3O8 Eq and 34.0 Mt Inferred at 170 ppm U3O8 Eq, and represents only about 4.3% of the 210,284-hectare project area, which management cites as expansion potential. The company is well capitalized with nearly US$18 million in cash and no debt, and is planning ~250 new pits/trenches plus 1,500 metres of sonic drilling at Buried Lake to upgrade and expand the resource.
Key figures
- Debt
- 0
- Cash usd
- 18000000
- Ipo size usd
- 25000000
- U3o8 inferred lbs
- 10100000
- V2o5 inferred lbs
- 57300000
- U3o8 indicated lbs
- 4200000
- V2o5 indicated lbs
- 31100000
- Project area hectares
- 210284
- Inferred tonnage tonnes
- 34000000
- Indicated tonnage tonnes
- 21100000
- Nsr cutoff usd per tonne
- 12.08
- Inferred grade u3o8 eq ppm
- 170
- Indicated grade u3o8 eq ppm
- 119
- U3o8 price assumption usd lb
- 84
- V2o5 price assumption usd lb
- 5.3
- Resource footprint pct of project
- 4.3%
AI analysis
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