Hipo Resources

In a remarkable move, Deep Yellow has managed to convert nearly 100 per cent of one of its world-class uranium resources at the Tumas 3 deposit in Namibia from “inferred” to the higher confidence, “indicated” category, upgrading just over 24 million pounds of eU3O8 grading 313 parts per million. A comprehensive infill drilling program is responsible for the incredible resource conversion rate, which initially aimed to convert just 50% of the resources from inferred to indicated.

Arafura Resources’ rights issue has only raised only around a third of its $23.2 million target, with underwriter Patersons Securities set to be issued with $7.9 million worth of shares.

To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.