π§΅#Uranium deposits in the #Athabasca basin have some of the smallest lateral foot print from all commodities. This is due to a high grade nature.
UEX has some brilliant visuals of Shea Creek deposits that we can learn from.
2/x Kianna and Anne deposits of "Shea Creek discovery" are the most interesting. These are 250-500 m long and c. 40-100 m wide. The high grade part is even smaller!
Kianna has 34 mln lbs @ 1.5% U3O8
Anne 24 mln lbs @ 2% U3O8
3/x Nice resources for such small uranium deposit footprint. What makes these deposits a bit challenging is the depth of 700m.
4/x Profile figure shows that Anne deposit is located on the contact between sandstone and basement (unconformity).
Presence of "pelitic gneiss" is important for formation of right type of chemical environment that allow uranium to precipitate.
(pelitic = graphitic)
5/x You can see in the map view that uranium mineralisation follows the "pelitic gneiss".
Pelitic gneisses aka. graphite rich rocks are strong conductors. That's why companies drill conductors in Athabasca basin. Only small % of them host uranium deposits.
6/x If you want to learn more about uranium geology in the Athabasca basin, you can check out the blog: equivest.capital/post/short-guiβ¦
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2/x Reading macro analysts, following arguments emerge.
Current commodity run is:
- supply chain related only
- speculation fueled
- long term secular shortage in commodities
- caused by geopolitics, sanctions etc.
- going to end soon
- going to last a decade
3/x I am personally watching for short term pull back, but support long term commodity price increase trend from supply shortage perspective.
Uncertainties: china, wars, geopolitics.
Below is some data supporting long term commodity bull.