Located in Colorado, Global Uranium and Enrichment’s Tallahassee Project currently hosts 49.8 million pounds (Mlbs) of U3O8 (average grade of 540ppm). The company has considerable opportunity to expand the existing resource base by acquiring additional complementary assets in the greater Tallahassee Creek Uranium District, which hosts more than 100Mlbs of U3O8. Global Uranium and Enrichment also has the high-grade Rattler Uranium Project in Utah, which is located 85km from the White Mesa Uranium Mill, the only operating conventional uranium mill in the USA. More recently, the company acquired the Maybell Uranium Project in Colorado which boasts historical production of 5.3Mlbs of U3O8 (average grade 1,300ppm).
Global Uranium and Enrichment’s Enmore Gold Project in New South Wales, which lies in the New England Fold Belt near the operating Hillgrove Gold Mine (ASX:RVR), has previously returned impressive drilling results.