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27/11/13
15:32
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1. Hansen/Taylor, targeting submittal of mine permit applications late 2014 and receipt of all permits by 2016
750,000 tonnes per annum @ 0.127%(1270 ppm)U3O8 to produce ~2Mlbs U3O8 per annum
2. This is "MASSIVE'
a) During Ablation test work consistently recovered ~95% of the U3O8 in ~10% of the mass
b) Potential to reduce 750,000t of ore produced per annum to
~75,000t of concentrate
c) Upgrading 0.127% U3O8 ore to ~1.20% U3O8 concentrate
d) Physical rather than chemical process – "so permitting
is streamlined"
e) Transport costs reduced by ~90%
f) Capacity of front-end of mill reduced by ~90%
g) ALMOST 10 TIMES MORE ENERGY available in the impact zone in the 5tph Unit than in the initial pilot plant
h) Modules deliberately sized to be readily transportable
by road
3)Acquiring 100% of the Mill and ore stockpiles at the Mill
a)One of only 3 licensed conventional uranium processing
facilities in the USA
b)Located in central Utah with ready road access and rail to
within 175km
c) >3,000,000m3 of tailings capacity
d)Surface ore stockpiles of 450 000 lb @ 0.13% U3O8
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