District Metals (TSXV: DMX) has unveiled a significant upgrade to its Viken uranium project in central Sweden, announcing a new resource estimate that positions the project as the second largest uranium deposit in the world The update has driven a substantial increase in the company's share price, reflecting investor enthusiasm
The updated resource now totals 456 million indicated tonnes with a grade of 175 parts per million (ppm) uranium oxide (U3O8), equating to 176 million contained pounds of U3O8 This marks an almost ninefold increase compared to the previous 2010 resource estimate Inferred resources also saw a significant boost, growing by 44% to 4
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Source and Credit: mining.com
