re:Today's SLX announcement SILEX SYSTEMS LIMITED 2002-10-21 ASX-SIGNAL-G
HOMEX - Sydney
+++++++++++++++++++++++++
Silex is pleased to announce the successful completion of the
preliminary series of "Direct Measurement" tests in its Uranium
Enrichment Program. The results of the tests were conclusive,
demonstrating macroscopic scale enrichment with the SILEX Process.
The Direct Measurement tests are an important step in the development
of the Process because, for the first time, small samples of enriched
product were collected, extracted from the test facility and then
fully analysed.
"This is a momentous step forward for the SILEX Technology" Dr
Michael Goldsworthy, Silex CEO, said today. "It is a complete
demonstration of process viability for the first time, eliminating
some of the technical uncertainties associated with product
collection and extraction. It proves once and for all that the SILEX
concept is a practical enrichment scheme"
Dr Horst Struve, Silex Technical Director added: "We are elated by
these results. Put simply we have shown the Process works, after more
than a decade of tireless effort by a small but very dedicated team.
We now look forward with confidence to the next stage of the
development effort."
The current tests were conducted in the recently commissioned Direct
Measurement facility, operating at a fraction of its capabilities.
The focus will now turn to optimizing and measuring process
efficiency, requiring the facility to be ramped up to nearly full
operating capability. Commercial plant cost estimates and projected
economics will then be updated. This work is expected to be completed
in the first half of 2003, and will contribute to the next Program
Milestone decision by project partner USEC Inc. (Refer to ASX release
dated 16/10/02 for milestone details).
Further information on the Company's activities can be found on the
Silex website: www.silex.com.au or by contacting the persons listed
below.
Contacts:
Dr Michael Goldsworthy (02) 9532 1331
Mr Chris Wilks (02) 9855 5555
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