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 U3O8 (15,817.5 t U), rather than the 41.075 million lbs U3O8 (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 U3O8 (25,971, t U) rather than the 67.543 million lbs U3O8 (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
For further information about Uranium One, please visit www.uranium1.com.
SOURCE: Uranium One Inc.
For further information:
Chief Executive Officer
Tel: +1 647 788 8500
Vice President, Corporate Affairs
Tel: +1 647 788 8461