Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-146

First 146 Last

Share
Profile

Follow
alphaduck

181 Posts.

50

14/09/23

10:29

Post #: 69853893
Share

Originally posted by phishpheet: ↑

Why couldn't the resin just be stored until the back end was complete,... Is there a technical reason???

Why did production in MU1 and 2 have to stop.!!! This was only going to be a small amount of Uranium resin, I dont understand Wayne stop start reason not moving forward on those two 2 mine units.

Operational Milestones
The Company previously reported the establishment of limited scale pre-production circulating flows
using existing chemical delivery systems. Well patterns in MU-1 are being pre-acidified and readied for
production operations. A booster pump has been received, installed, and commissioned to allow
significantly enhanced recirculation flowrates for preconditioning. Currently, an operation flowrate of
approximately 500 gallons per minute (GPM) has been established. Flowrates will continue to be
increased throughout May and June.
The large volume acid storage and distribution system is expected to be available for use by mid-May.
When commissioned, the new systems will facilitate higher concentrations of acid, further accelerating
the preconditioning operations.
Currently, the preconditioning process stream is not being directed to the production plant, and no
uranium is being recovered in the plant circuits. Uranium concentrations are expected to build throughout
the pre-conditioning operations, and it is currently projected that the process plant will be activated for
commercial uranium production activities by mid-year 2023.

Expand

What benefit would there be to storing the resin vs waiting and producing it when the processing facility is complete or nearly completed?

Also isn't the resin recycled? Having it sit around in an acidic and radioactive environment seems like it would impact the resin but even if it didn't its still seems like bad economics to not process it out and put it back into use.

PEN Price at posting: 9.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

'Not possible' to port renewable gas: ACCC takes AGN to court

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

First 146 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 62.0¢		Change 0.000(0.00%)		Mkt cap ! $98.97M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-146

Australia’s gas crisis is here – and dying coal plants aren’t helping

'Not possible' to port renewable gas: ACCC takes AGN to court

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Featured News

Featured News

Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-146

Top Stories

Australia’s gas crisis is here – and dying coal plants aren’t helping

'Not possible' to port renewable gas: ACCC takes AGN to court

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Featured News

Featured News