HIGHLIGHTS
- Highly encouraging results from the ongoing metallurgical testwork at Mulga Rock
- Program is using samples from the 63 aircore holes drilled late in 2022, along with the 233 aircore hole, 14,794m close-space drill program completed in July 2023
- Results to date have indicated potential for a significant increase in Project revenues through an increased recovery of uranium and the recovery of critical minerals
- overall recovery of uranium above 90%
- overall recovery of critical minerals (copper, nickel, cobalt, zinc, neodymium, praseodymium, terbium and dysprosium) above 70%
- The substantial improvement identified in overall recovery performance of the critical minerals, as well as improved uranium overall recovery, compared to the 2018 Mulga Rock Definitive Feasibility Study (DFS) completed by Vimy Resources Limited (Vimy) provides a strong expectation that the planned revised DFS will result in an improved economic outcome
- Testwork will continue to further define and optimise process conditions, costs and recoveries. This data, combined with the Mineral Resource Estimate (MRE) update expected later in 2023, will provide the base of the revised Ore Reserve statement and revised DFS
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- Ann: Positive Results from Mulga Rock Metallurgical Testwork
HIGHLIGHTSHighly encouraging results from the ongoing...
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