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Ann: DFS demonstrates viability of the Husab Uran, page-2

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  1. 624 Posts.
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    re: Ann: DFS demonstrates viability of the Hu... Definitive Feasibility Study on Zones 1 and 2 (??DFS??) demonstrates the viability of developing
    the Husab Uranium Project to become one of the three largest uranium mines in the world;
    ?h DFS envisages open pit mining of 15 million tonnes of ore per annum and a conventional acid
    leach plant producing approximately 15 million lbs pa U3O8 equivalent;
    ?h DFS supports maiden reserve estimate for Zones 1 and 2 of 205 million tonnes at 497ppm for
    225 million lbs contained uranium;
    ?h Cost estimates based on current resource model, mine plan and process design:
    o Capital costs estimated at US$1,480 million, including initial mine fleet, process plant and
    supporting infrastructure; and
    o Production costs estimated at US$28.5/lb, excluding royalties, marketing and transport.



    Interesting to see how the share price will react today. Wonder if the deliberate suppression of the share price will continue.
 
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