Uranium One Files Technical Reports Supporting Updated Mineral Resource and
Reserve Estimates for the Karatau and Akbastau Uranium Mines
TORONTO, Dec. 19, 2013 /CNW/ - Uranium One Inc. ("Uranium One") today
announced the filing on SEDAR of independent technical reports supporting the
updated mineral resource and reserve estimates for its Akbastau and Karatau
uranium mines originally announced in its press release dated November 5, 2013.
The reports were prepared by CSA Global Pty Ltd. with the assistance of Roscoe
Postle Associates Inc. and confirm the resource and reserve estimates for
Akbastau and Karatau announced earlier, subject to two minor adjustments: (i)
at Akbastau, the Company's attributable share of proven and probable reserves
as of June 30, 2013 is 41.12 million lbs U(3)O(8) (15,817.5 t U), rather than
the 41.075 million lbs U(3)O(8) (15,799 t U) reported earlier; and (ii) at
Karatau, the Company's attributable share of proven and probable reserves as
of June 30, 2013 is 67.52 million lbs U(3)O(8) (25,971, t U) rather than the
67.543 million lbs U(3)O(8) (25,980 t U) reported earlier.
About Uranium One
Uranium One is one of the world's largest uranium producers with a globally
diversified portfolio of assets located in Kazakhstan, the United States,
Australia and Tanzania.
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
Scientific and technical information contained herein has been reviewed on
behalf of the Corporation by Mr. M.H.G. Heyns, Pr.Sci.Nat. (SACNASP), MSAIMM,
MGSSA, Senior Vice President New Business and Technical Services of the
Corporation, a qualified person for the purposes of NI 43-101.
Investors are advised to refer to independent technical reports containing
detailed information with respect to the material properties of Uranium One.
These technical reports are available under the profile of Uranium One Inc. at
www.sedar.com. Those technical reports provide the date of each resource or
reserve estimate, details of the key assumptions, methods and parameters used
in the estimates, details of quantity and grade or quality of each resource or
reserve and a general discussion of the extent to which the estimate may be
materially affected by any known environmental, permitting, legal, taxation,
socio-political, marketing, or other relevant issues. The technical reports
also provide information with respect to data verification in the estimation.
For further information about Uranium One, please visit www.uranium1.com.
SOURCE Uranium One Inc.
Chris Sattler Chief Executive Officer Tel: +1 647 788 8500
Anton Jivov Vice President, Corporate Affairs Tel: +1 647 788 8461
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-0- Dec/19/2013 22:12 GMT
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