Guinea

Forte Energy holds four Uranium Prospecting Permits in the Republic of Guinea, West Africa. The permits for Uranium and Rare Earth Elements cover 847 square kilometres over two separate concession areas – Firawa and Bohoduo.

Firawa

Previous partial exploration in the 1980s by Davy McKee identified a five-kilometre anomaly lying in an east-west direction at the Firawa prospect. An initial drilling program was successfully completed during May 2007. This program comprised 29 Reverse Circulation (RC) drill holes over 1,809 metres, targeting a highly prospective two-kilometre section within Forte Energy’s licences.

A follow-up diamond drilling program commenced in December 2008, targeting a JORC-compliant resource estimate for Firawa. The initial 4,000 metre program was increased to 5,859 metres based on encouraging initial results. A further 4,412m of RC drilling was completed in February 2012 to test for extensions to the deposit and to test a central section not accessible during previous drilling campaigns.

Firawa Resource *:

An initial uranium Inferred Resource estimate for Firawa of 17.7Mt grading 296ppm U3O8 for 11.6 million pounds of contained U3O8 (100ppm cut-off) was announced in July 2009. After obtaining assay results from the February 2012 drilling, a revised JORC code compliant Inferred resource of 30.3Mt at an average grade of 295ppm U3O8 containing 19.5Mlbs of U3O8 (100ppm cut-off).

 

Resource Category

Mt
Grade (U3O8 ppm) U3O8 (M lbs)

Inferred

30.3

295

19.5

     (At 100ppm U3O8 cut-off)

Encouraging metallurgical test results have been received from Firawa Project samples and indicate potential for economic recovery from leaching. studies continue to provide greater guidance on the likely processing route, which when complete should allow us to commence preliminary scoping studies in early 2011. 

Rare Earth Elements:

Metallurgical testing of several drilling samples from Firawa Project has also indicated the presence of Rare Earth Elements (REE), with a programme currently underway to re-assay previous drilling samples with the objective of obtaining a JORC Code compliant REE resource at Firawa during H2 2011 in addition to the existing uranium resource. Preliminary results from the REE re-assay project suggest that the REE may prove to be a valuable complement to our substantial uranium resources at Firawa.

Bohoduo

Previous ground work and uncompleted diamond drilling by Davy McKee targeted a 700-metre long, irregular uranium anomaly at Bohoduo. Forte Energy has confirmed the presence of uranium mineralisation, and airborne geophysical data indicates a 12-kilometre long extension of the anomaly to the east.

An initial drilling program was carried out during May 2008. A further programme of 1,277m of RC drilling was completed in February 2012. The Company is encouraged by the results of chemical assay testing from both drilling campaigns, released on 4 July 2012 2012. Notable intersections included:

  • BHD017:  24m @ 506ppm U3O8,
  • BHD028:  11m @ 345ppm U3O8 and 5m @ 420ppm U3O8, and
  • BHD030:  16m @ 578ppm U3O8 and 3m @ 476ppm U3O8.

*     The information in this report that relates to the Mineral Resource at Firawa in Guinea is based on information compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr. Galen White BSc (Hons) FGS, FAUSIMM, Managing Direct and Principal Geologist of CSA Global (UK) Ltd. Mr. Gustafsson and Mr. White have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Gustafsson and Mr. Corley consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

Guinea Results

Date Name Filesize
Jul. 2012 68%Increase in Firawa Uranium Resource, Guinea (2 MB)
Jul. 2012 Encouraging Initial Assay Results from Bohoduo, Guinea (1 MB)
Apr. 2012 Encouraging Initial Assay Results in Guinea (2 MB)
Jul. 2011 Further Positive Results in Final REE Assays from Firawa, Guinea (204 KB)
Jul. 2011 Further Positive REE Assay Results for Firawa Project in Guinea (173 KB)
May. 2011 Rare Earth Elements assay results from Firawa, Guinea (182 KB)
Jan. 2011 A238 Assay Results and Exploration Update, West Africa (634 KB)
Dec. 2010 Rare Earth Assay Results, Republic of Guinea (77 KB)
May. 2010 Positive Metallurgical Results for Firawa (493 KB)
Jul. 2009 Firawa Maiden JORC Resource (3 MB)
Jun. 2009 Firawa Assay Results - 2008 Drilling (324 KB)
Sep. 2007 Firawa Assay Results - 2007 Drilling (165 KB)

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