Global Atomic’s holds 6 uranium exploration permits in the Republic of Niger, Tin Negouran 1, 2, 3, 4 and Adrar Emoles 3 & 4. Total area covered by the permits is 750 km2
Four deposits on the concessions are:
|Tin Negouran Deposit||10 Mlbs U3O8|
|Dajy Deposit||17 Mlbs U3O8|
|Isakanan Deposit||34 Mlbs U3O8|
|DASA Deposit||>100 Mlbs U3O8|
The DASA Deposit (Dajy Area Surface Anomaly) was discovered by Global Atomic geologists. It is a Graben Hosted sandstone / roll front deposit of world class size and grade.
The DASA deposit is currently undergoing final drilling to define an initial open pittable area for mining. It is expected that Global Atomic will apply for its Mining License for this project in early 2019.
Global Atomic signed a Memorandum of Understanding (MOU) with Orano Mines Ltd. (formerly known as AREVA Mines Ltd.) in 2017, to supply uranium ore from DASA to its milling facility 80 kilometers north, in the town of Arlit. It is expected that Global Atomic will begin shipping ore to Orano by early 2020.
Asset: 100% interest in the DASA uranium deposit located in Niger
Partner: Orano Group (formerly AREVA SA) – ore sales and joint cooperation agreement
High grade resource: 21.4 million pounds U3O8 at 2,608 ppm and 49.8 million pounds U3O8 at 2,954 ppm
Near surface, near term cash flow potential: Target production by 2020; no mill necessary to support initial operations