Resources and Reserves

^{_{table 1}}  MULGA ROCK project ore Reserves - August 2017

1. Tonnages and grades are reported including mining dilution 
2. t = metric dry tonnes; appropriate rounding has been applied and rounding errors may occur
3. Using cut combined U₃O₈ composites (combined chemical and radiometric grades)
4. Metallurgical plant recovery factors are not applied to Total Metal content

The information in the table above is extracted from ASX announcement entitled "Major Ore Reserve Update” released on 4 September 2017. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

^{_{table 2}}  MULGA ROCK project mineral resource - July 2017

1. Mineral Resources are reported inclusive of Ore Reserves
2. t = metric dry tonnes; appropriate rounding has been applied and rounding errors may occur
3. Using cut combined U₃O₈ composites (combined chemical and radiometric grades)

The information in the table above is extracted from ASX announcement entitled "Significant Uranium Resource Upgrade – Mulga Rock cracks 90Mlbs" released on 12 July 2017. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

^{_{table 3}}  MULGA ROCK – Base Metal Resource – June 2016

1. The base metal resource is contained wholly within the uranium resource.  It is reported using the same cut-off grade of 150ppm U₃O₈ with no additional base metal grade cut-offs applied.
2. t = metric dry tonnes; appropriate rounding has been applied and rounding errors may occur.
3. Metallurgical plant recovery factors are not applied to Total Metal content.