Avalanche Mine
- Located in the prolific Cottonwood Wash Mining District in UT, just 20 miles from the White Mesa Mill in Blanding, UT
- Numerous companies produced from these mines from 1950-1976 with recorded production of 40,238 tons of 0.25% U3O8 totaling 200,792 lbs U3O8
- Geology: fluvial conglomerates of the Triassic Shinarump Member of the Chinle Formation
- Cap-ex of $580k to start production
- Over 150 mineable grade intercepts drilled by Plateau Resources across 8 mine claims (160 acres) on public land in Utah
- Plateau Resources’ resource estimates: 59,725 tons, 0.18% U3O8, 0.18% V2O5, 215,010 lbs U3O8, 215,010 lbs V2O5, 0.75-1.50% Cu
- Underground infrastructure in excellent condition
- Production would be near term
Resource figures are historical and are not 43-101 compliant