Yellow Dune Joint Venture
The Yellow Dune joint venture includes EPL 3498 covering 253km2. The tenement contains the Aussinanis calcrete resource of 2.7Mlb at 222ppm U308 of Indicated Resources and 15.3Mlb at 240ppm U308 of Inferred Resources for a total of 18Mlb contained U308.
Yellow Dune is a joint venture with Oponona (Oponona, 10%), Epangelo Mining Company (Epangelo, 5%) and RUN (85%), with RUN being the operator on behalf of the JV partners.
The resource is drilled out with little chance to find additional uranium resources within the EPL. The joint venture partners have applied for a Mineral Deposit Retention Lease to protect the defined uranium resource while waiting for uranium prices to recover.