| Risk and valuation analysis of the Michelin Project |
| Status Risk : Mine development |
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| Title(s) of the Michelin Project |
 | Paladin Energy Limited
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Paladin announced in December 2010 that it had initiated its uranium business in Canada and entered into a
Definitive Agreement for the purchase of the uranium assets of Aurora Energy Resources Inc. (“Aurora”) a wholly
owned subsidiary of Fronteer Gold |
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| Location of the Michelin Project |
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It is located approximately 40 kms south of Postville and 80 kms from Makkovik at the eastern end of the Central Mineral Belt.
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| History of the Michelin Project |
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The property was originally discovered almost thirty years ago by a previous exploration company. When Aurora began drilling at the site in 2005 it contained a resource of approximately 18 million pounds of uranium*. Subsequent exploration over the past three years has significantly increased the size of the deposit.
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