The Yellow Dune JV comprises one Mineral Deposit Retention Licence (MDRL) covering a drilled-out uranium resource of the palaeochannel/calcrete-type at Aussinanis. This deposit has a total Resource of 28 Mlb U308 at 170 ppm.
At this stage, the economic environment for uranium does not warrant further work on this Project, hence the conversion of the EPL to a MDRL.