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Akdala Uranium MineSouth Inkai Uranium MineKharasan Uranium ProjectHoneymoon ProjectDominion Uranium ProjectISL Mining

Dominion Uranium Project

Overview

The Dominion Uranium Project is a shallow underground project located approximately 150 kilometres southwest of Johannesburg. On October 22, 2008 Uranium One announced that it had placed the Project on care and maintenance. 

Mineral Resources

The Mineral Resource Statement for Dominion is presented in the tables below.

Table 1 – SRK Audited Mineral Resource Estimate^(1,2,3) at Dominion (December 31, 2007)

Indicated Mineral Resources
Reef Unit	Tonnes (000’s)	U3O8 Grade (kg/tonne)	Contained U3O8 (lbs 000’s)	Gold Grade (g/tonne)	Contained Gold (ozs 000’s)
Rietkuil Upper	38,004	0.59	49,043	0.69	838
Rietkuil Lower	12,372	0.53	14,338	0.97	386
Dominion Upper	18,963	0.62	26,072	0.55	338
Dominion Lower	11,740	0.89	22,963	1.13	427
Total Indicated	81,080	0.63	112,416	0.76	1,989
Inferred Mineral Resources
Reef Unit	Tonnes (000’s)	U3O8 Grade (kg/tonne)	Contained U3O8 (lbs 000’s)	Gold Grade (g/tonne)	Contained Gold (ozs 000’s)
Rietkuil Upper	37,047	0.50	40,492	0.66	782
Rietkuil Lower	40,896	0.43	39,010	0.70	922
Dominion Upper	59,728	0.31	40,320	0.47	893
Dominion Lower	37,123	0.23	18,529	0.78	937
Total Inferred	174,795	0.36	138,351	0.63	3,534

Notes:

1. The mineral resources have been reported in accordance with the classification criteria of the South African Code for Reporting of Mineral Resources and Mineral Reserves (the SAMREC Code). SRK Consulting considers that the mineral resources estimate would be identical if reported in accordance with CIM standards.
2. The mineral resource was estimated by Dr. Carina Lemmer of Geological & Geostatistical Services, an independent consultant, and reported to a cut-off of 30 cmkg/t U3O8 for Dominion and Rietkuil, and 0.00 g/tonne gold.
3. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

In addition, Uranium One has declared an Indicated uranium and gold resource for surface tailings material located on the Dominion property.

Table 2 – SRK Audited Mineral Resource Estimate^(1,2,3) for Surface Tailings (December 31, 2007)

Indicated Mineral Resources
	Tonnes (000’s)	U3O8 Grade (kg/tonne)	Contained U3O8 (lbs 000’s)	Gold Grade (g/tonne)	Contained Gold (ozs 000’s)
Total Indicated	2,953	0.14	899	0.52	50

Notes:

1. The mineral resources have been reported in accordance with the classification criteria of the South African Code for Reporting of Mineral Resources and Mineral Reserves (the SAMREC Code). SRK Consulting considers that the mineral resources estimate would be identical if reported in accordance with CIM standards.
2. Mineral resources estimated by Mr. Charles Muller, B.Sc (Hons), Pr.Sci.Nat. of Global Geo Services (Pty) Ltd., an independent consultant. The surface tailings material is reported at a 0 cmkg/t cut-off and is inclusive of the entire surface tailings material, i.e. zero selectivity. Depletion of the mineral resource due to mining activities during 2007 has been calculated by Dr. Richard Stewart, PhD, Pr.Sci.Nat. of Uranium One.
3. Mineral resources are not mineral reserves and do not have demonstrated economic viability.