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Table 1: NI 43-101 Measured and Indicated Mineral Resources
| Location |
Previous Operator/Source
(Date of Resource Estimate) |
Resource
Classification |
Tonnage |
Grade % U 3O 8 |
lbs/U 30 8 |
Mining Method |
| New Mexico and Wyoming |
|
|
|
|
|
Roca Honda, New Mexico |
Kerr McGee (1980)
Rio Algom (1995)
D. Fitch, 43-101 (2006, 2008, 2010) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 M + I |
1,305,000
2,477,000
3,782,000 |
0.23
0.23
0.23 |
6,035,000
11,477,000
17,512,000 |
Conventional
Underground |
Church Rock, New Mexico |
Kerr McGee (1979)
Rio Algom (1995)
D. Fitch, 43-101 (2005) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 M + I |
1,680,000
4,541,000
6,221,000 |
0.10
0.10
0.10 |
3.233,000
8,615,000
11,848,000 |
ISR or
Conventional
Underground |
Marquez, New Mexico |
Kerr McGee (1977)
HM. Alief, 43-101 (2010) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 M + I |
999,000
2,612,000
3,611,000 |
0.13
0.13
0.13 |
2,512,000
6,618,000
9,130,000 |
ISR or
Conventional
Underground |
Nose Rock (Sec. 1), New Mexico
|
Phillips Uranium (1979)
HM. Alief, 43-101 (2009) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 M + I |
310,000
575,000
885,000 |
0.15
0.15
0.15 |
906,000
1,688,000
2,594,000 |
ISR or Conventional Underground |
Dalton Pass (Sec. 32), New Mexico |
Pathfinder (1980),
HM. Alief, 43-101 (2009) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 M + I |
447,000
1,176,383
1,622,650 |
0.09
0.10
0.10 |
839,000
2,232,000
3,071,000 |
ISR or
Conventional
Underground |
Jeep, Wyoming |
Federal American (1983)
C. Snow, 43-101 (2007) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 M + I |
229,000
88,000
317,000 |
0.08
0.06
0.07 |
378,000
106,000
484,000 |
ISR or
Conventional
Open Pit |
Sky, Wyoming |
Pathfinder (1980)
C. Snow, 43-101 (2007) |
NI 43-101 Indicated |
669,000 |
0.07 |
948,000 |
ISR |
The technical information in the above table has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., PG 363 Wyoming and Society for Mining, Metallurgy & Exploration Registered Member 2205106RM, a Qualified Person under National Instrument 43-101. It should be noted that mineral resources, which are not mineral reserves, do not have demonstrated economic viability.
All NI 43-101 technical reports referenced in this table can be reviewed in their entirety on SEDAR, www.sedar.com or the Company's website, www.strathmoreminerals.com
Table 2: Uranium Resources Summary of all Properties
| Location |
Previous Operator/Source
(Date of Resource Estimate) |
Resource
Classification |
Tonnage |
Grade % U 3O 8 |
lbs/U 30 8 |
Core Projects: New Mexico & Wyoming |
|
|
|
Roca Honda, New Mexico |
Kerr McGee (1980)
Rio Algom (1995)
D. Fitch, 43-101 (2006, 2008, 2010) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 Measured + Indicated
NI 43-101 Inferred |
1,305,000
2,477,000
3,782,000
4,546,000 |
0.23
0.23
0.23
0.17 |
6,035,000
11,477,000
17,512,000
15,832,000 |
Main Gas Hills, Wyoming |
Federal American Partners (1984) & Pathfinder (1996) |
Historical* |
10,800,000 |
0.08 |
16,200,000* |
Development Project Pipeline: NM & WY |
|
|
|
|
Church Rock, NM |
Kerr McGee (1979)
Rio Algom (1995)
D. Fitch, 43-101 (2005) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 Measured + Indicated
NI 43-101 Inferred |
1,680,000
4,541,000
6,221,000
1,951,000 |
0.10
0.10
0.10
0.10 |
3,233,000
8,615,000
11,848,000
3,525,000 |
Marquez, New Mexico |
Kerr McGee (1977)
HM. Alief, 43-101 (2010) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 Measured + Indicated
NI 43-101 Inferred |
999,000
2,612,000
3,611,000
2,160,000 |
0.13
0.13
0.13
0.11 |
2,512,000
6,618,000
9,130,000
4,907,000 |
Nose Rock (Sec. 1), NM |
Phillips Uranium (1979)
HM. Alief, 43-101 (2009) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 Measured + Indicated
NI 43-101 Inferred |
310,0000
575,000
884,000
167,000 |
0.15
0.15
0.15
0.14 |
906,000
1,688,000
2,594,000
452,000 |
Nose Rock (Sec. 36), NM |
Phillips Uranium (1979) |
Historical* |
4,384,000 |
0.16 |
14,303,000* |
Dalton Pass (Sec. 32), NM |
Pathfinder (1980)
HM. Alief, 43-101 (2009) |
NI 43-101 Measured
NI 43-101 Indicated
NI 43-101 Measured + Indicated
NI 43-101 Inferred |
447,000
1,176,000
1,623,000
908,000 |
0.09
0.10
0.10
0.08 |
839,000
2,232,000
3,071,000
1,530,000 |
Roca Honda North, NM |
Kerr McGee (1980) |
Historical* |
87,000 |
0.18 |
312,000* |
Sec. 2 13N 9W, NM |
Homestake (1979) |
Historical* |
199,000 |
0.17 |
665,000* |
West Largo, NM |
Kerr McGee (1980) |
Historical* |
382,000 |
0.21 |
1,580,000* |
Sky, WY |
Pathfinder (1980)
C. Snow, 43-101 (2007) |
NI 43-101 Indicated
NI 43-101 Inferred |
669,000
55,000 |
0.07
0.05 |
948,000
54,000 |
Juniper Ridge, WY |
AGIP Mining (1986) |
Historical* |
5,200,000 |
0.07 |
6,970,000* |
Ketchum Buttes, WY |
Pathfinder (1980) |
Historical* |
1,135,000 |
0.06 |
1,455,000* |
Copper Mountain, WY |
Anaconda (1997) |
Historical* |
Under Review |
Under Review |
Under Review |
*The foregoing historical resource estimates presented in the table above were completed prior to the implementation of the NI 43-101 requirements. Given the quality of the historic work completed on the properties in Wyoming and New Mexico discussed herein and the production history of Gas Hills Uranium District and the Grants Mineral District, the Company believes the resource estimates to be both relevant and reliable. However, a qualified person has not completed sufficient work to classify the historic mineral resources as current mineral resource, and the Company is not treating the historic resources as current. Hence, they should not be relied upon. It should be noted that mineral resources, which are not mineral reserves, do not have demonstrated economic viability. The technical information in the above table has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., PG 363 Wyoming and Society for Mining, Metallurgy & Exploration Registered Member 2205106RM, a Qualified Person under National Instrument 43-101.
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