Energy Fuels reports Alta Mesa uranium resource: 3.41M lbs M&I, 16.79M lbs inferred

ENERGY FUELS INC

Measured & indicated resources total 1.57M tons at 0.109% U3O8 (3.41M lbs); inferred 7.0M tons at 0.120% (16.79M lbs).
Resource estimate uses US$65/lb uranium price and 0.30 GT cut-off; no mineral reserves declared.
Phased restart cost estimate: Phase 1 $0.98M, Phase 2 $12M for PAA-7, Phase 3 $14M for inferred drilling.
Mesteña Grande exploration target drilling estimated at $85M; Alta Mesa exploration targets at $16M.
Alta Mesa past producer (4.6M lbs from 2005-2013); facility on standby since 2013.

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