The world average grade for uranium is 0.2% (WNA). It’s not surprising that compared to gold, silver, copper and other ores, even highly profitable uranium grades can sound low. The comparison chart above gives you a good idea of grade value in the uranium sector.
Some of the highest uranium grades in the world are to be found in Canada’s Athabasca Basin where the average grade is 2% – ten times higher than the world average. When you then look at the assays coming out of Fission Uranium’s PLS discovery which include figures like 10.5m @ 29.26% in 53.0m @ 6.57% U3O8 (PLS13-051) you start realizing how important a discovery of that caliber really is.