The properties are situated on the Macusani Plateau in the Puno district of southeastern Peru.

The consolidated estimates, based on a 75 ppm U cut-off grade, includes indicated resources of 51.9 Mlbs at 248 ppm U3O8 and inferred resources 72.1 Mlbs at 251 ppm U3O8.

At 200 ppm U cut-off, the estimates include higher-grade indicated resources of 32.8 Mlbs at 445 ppm U3O8 and inferred resources of 45.9 Mlbs at 501 ppm U3O8.

The Mineral Corporation of South Africa prepared the mineral resource estimates.

Plateau Uranium said project consolidation enhances understanding and mineral resource model interpretation and paves way for improved preliminary economic assessment update in the third quarter of this year.

The company also added that after acquisition of the Minergia projects from Azincourt Uranium in September last year, the updated mineral resource estimates have now integrated all existing uranium deposit information into a consistent platform.

Canada-based Plateau Uranium controls all reported uranium resources known in Peru and mineral concessions that cover more than 100,000ha located near significant infrastructure.