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7. 20 page pdf on Niger’s Uranium mines (from 2009)

Takardeit exploration target is 35 – 80M lbs
Has outcropping uranium mineralisation over 3km by 2km area

Best hits:
IND001 – 1.8m @ 1,376ppm eU3O8 from 2.2m depth
IND012 – 1.4m @ 1,691ppm eU3O8 from 13.8m depth
IND014 – 0.4m @ 1,098ppm eU308 from 7.4m depth

Location of IND 001 on top of mesa,
Approximately 150m by 100m with possible 12m ore grade zone through entire outcrop
Several other mesas in the region, all exhibiting high grade mineralisation
2km north of the cross section drill holes

Another mesa to the east of IND001
The whole face is ore grade as measured with an XRF spectrometer, the central high grade core zone is where 13,400ppm was recorded

IDEKEL Prospect (Tagait 4)
Radiometric anomaly over 6kms, Outcrop to 0.1% (1,000ppm) U3O8, Zone mapped in field over 5kms
Nearest Cogema hole has reported anomalous uranium over 26m from 8m depth to a maximum of 0.11% (1,100ppm) U308

SOMAIR –Arlit Mill 2,000 t/day
Areva 63.4%, ONAREM (Niger) 36.6%
Open Pit Mines: Ariege, Artois, Arlette, Tamou,
Reserves: 47,000 t U Grade: 0.3% (3,000ppm)
U Production 2007: ~1,750 t U

COMINAK –Akouta Mill 1,800 t/day
Areva 34%, ONAREM (Niger) 31%,
OURD (Japan) 25%, ENUSA(Spain) 10%
Underground Mines: Akola, Akouta, Afasto
Reserves: 36,300 t U Grade: 0.45% (4,500ppm)
U Production 2007: ~1,400 t U

Open cut Imouraren project which neighbours NGM
concessions (est. 150,000 tonnes contained uranium
@ 0.11%/1,100ppm head grade, 400ppm cut off) is
under development by Areva
Expected to produce 5,000tpa
US$1.5bn development will make Niger world No. 2 producer by 2011/12