Palangana Mine

Snapshot
Recent Developments
Project Overview
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Snapshot

Production at the Palangana Mine began with Production Area-1 commencing operations in November 2010, Production Area-2 in March 2012, and Production Area-3 in December 2012;
Development and permitting activities continue on future Production Areas 4, 5 and the newly developed PA- 6;
Measured and Indicated Resource Estimate for the Company's Palangana Mine of 393,000 tons grading .135% U₃O₈ containing 1,057,000 pounds and an Inferred Resource of 328,000 tons grading .176% U₃O₈ containing 1,154,000 pounds U₃O_8.

Recent Developments

May 27, 2015
Uranium Energy Corp Receives All Permits for Expansion at the Palangana ISR Mine and a Key Permit for the Burke Hollow ISR Project

Oct 1, 2014
Uranium Energy Corp Reports Production Permitting Advances at Burke Hollow and Palangana in South Texas and Appoints New Vice President

Oct 15, 2013
Uranium Energy Corp Reports Fiscal 2013 Financial Results and Provides Operations Update

Sep 5, 2013
Uranium Energy Corp Aligns Operations to Market Conditions with Optimization Strategy

Jul 31, 2013
Uranium Energy Corp Closes US$20 Million Loan Facility

Jun 10, 2013
Uranium Energy Corp Reports Fiscal 2013 Q3 Production Results and Provides Operations Update

Other News >>

Project Overview

The Palangana Mine is located in the South Texas uranium belt. The 8,796-acre property is located approximately 100 miles south of the Hobson facility. Over 4,000 historic exploration, development and production holes were drilled at the mine by Union Carbide Corp ("UCC"), Chevron, and Everest Exploration Inc. UCC produced uranium at the mine in the mid to late 1970's with ISR technology.

Resource Estimates:

The latest 43-101 for Palangana was filed on Feb 23rd 2010. The Technical Report provides for a Measured and Indicated Resource Estimate for the Company's Palangana Mine of 1,057,000 pounds at an average grade of 0.135% U₃O₈. This resource is located in two zones referred to as Production Area #1 ("PA-1") and Production Area #2 ("PA-2"). An additional 1,154,000 pounds of U₃O₈ at an average grade of 0.176% is classified as an Inferred Resource Estimate, and is located in six new exploration zones.

The Resource Estimates completed by SRK Consulting U.S. Inc are based on the results from 2,694 drill holes at the Palangana Mine completed by previous operators including Uranium One, Chevron Corporation and Union Carbide Corp ("UCC"). The Resource Estimates are primarily located east of the Palangana Dome.

Resource Estimates - Palangana Mine
Resource Category	Cutoff GT	Tons	Grade % U₃O₈	Pounds U₃O₈*
M&I Resource	0.5	393,000	0.135	1,057,000
Inferred Resource	0.5	328,000	0.176	1,154,000
* Disequilibrium Factors Applied
GT - is grade-thickness determined by multiplying the grade of mineralization expressed in percentage terms by mineralized thickness measured in feet.

Resource Estimates - Palangana Mine
Resource Category	M&I Resource
Cutoff GT	0.5
Tons	393,000
Grade % U₃O₈	0.135
Pounds U₃O₈*	1,057,000
Resource Category	Inferred Resource
Cutoff GT	0.5
Tons	328,000
Grade % U₃O₈	0.176
Pounds U₃O₈*	1,154,000
* Disequilibrium Factors Applied
GT - is grade-thickness determined by multiplying the grade of mineralization expressed in percentage terms by mineralized thickness measured in feet.