Labrador, Canada (Central Mineral Belt)
Structurally-controlled within fracture systems and shear zones
~152,825 ha covering a significant portion of the prolific Central Mineral Belt in Labrador including the Moran Lake Project, the Anna Lake Deposit and the Mustang Lake Project.
307 additional claims (7,675 ha) in four map-staked licenses along the CMB to cover important sites of mineralization that became available during the Lands Coming Open Process in Labrador.
All estimates on this slide are “historical estimates” and are not considered current by the Company pursuant to NI 43-101. A Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and LUR is not treating the historical estimates as current mineral resources or mineral reserves. See appendix for additional details.
Several known uranium prospects, with substantial past exploration work completed. Over 140 targets have been identified for further exploration