District Metals announced an NI 43-101 compliant inferred and indicated mineral resource estimate for its Viken Energy Metals deposit in central Sweden. Based on historic drilling data, the new estimate returned over 1.5 billion pounds of contained uranium, making it officially the second-largest uranium deposit in the world.
Although possible to further grow the inferred resource, the company plans to focus future economic studies on a smaller portion of the deposit to lower capital expenditures and support the social license of the planned development.
Outline of the Mineral Resource Estimate Area at Viken (Source: www.districtmetals.com)
