Global Atomic Fuels Corporation: Corporate Update, August 2010

 

Highlights:

  • Ministry of Mines, Republic of Niger, sign 27 and 28 month exploration licence extensions on Global’s 4 Tin Negouran concessions and 2 Adrar Emoles concessions, respectively.
  • Recently completed drilling program on Dasa target, Adrar Emoles #3 concession, confirms high grade open pit potential. Further drilling and feasibility study planned for next phase of work.
  • Metallurgical studies completed to date indicate high uranium recoveries of 98% and low acid consumption on Dasa ores.
  • An independent structural interpretation on Adrar Emoles #3 concession confirms high potential for uranium resource expansion on numerous targets surrounding Dasa deposits.
  • Global’s drill inferred resource estimate on four deposits now tops 80 million pounds.

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