Heathgate are using the insitu leach method. They basically drill a well and push water with a weak acid in to the uranium rich sands in the paleochannel.
They then have another well nearby which the pumps out the water, after it has filtered through the uranium rich sand.
The groundwater pumped out of the second well contains the Uranium that has been leached out of the sand.
This Uranium rich water is then pumped to the processing plant.
So to mine the Uranium on AGS's Lease all that needs to be constructed are the wells, and the pipes to deliver the weak acid, and the pipes to return the uranium rich groundwater.
Minimal environmental impact. No plant required as this will be supplied by Heathgate Its an extension to an existing mine so it can be mined with the current legislation.
No other ASX listed company has this opportunity.
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
