ERFORMANCE OF LARGER-SCALE ABLATION UNITEXCEEDS EXPECTATIONS...

ERFORMANCE OF LARGER-SCALE ABLATION UNIT
EXCEEDS EXPECTATIONS DURING FIRST TESTWORK
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Initial tests with ore from the October stockpile in the 5tph
Ablation Unit have commenced
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Performance of the 5tph Unit has exceeded expectations:
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Process times considerably faster than anticipated; and
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Only one of the three available Ablation modules has been
required to achieve target re
coveries of >90% into the
finest size fractions
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Probable that throughputs in excess of the nominal target of
5tph can be achieved with the “5tph Unit”
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Further confirmation that it should be possible to
commercialise Ablation in the near-term
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Further vindicates the Company’s recent decision to acquire
Uranium One’s conventional ur
anium mining assets in the
USA, including the licenced Shootaring Mill