Wanted to point out some key highlights from their recent announcement .. 2022 will be another steller year for AGE as we will be in a position to upgrade our recource and find more yellowcake from drilling . Start work in NT and get good results frm leaching program from ANTSO .
The 2-3 yr plan i appreciate the company sending this out ... " The Plan aims to confirm the economics of the Project, pursue opportunities for improvement and establish the framework for a “development proof of concept”. " the proof of concept is what will re-rate this company in a big way especially with a upgraded resource .
The framing of a regional exploration strategy to target resource extension has commenced which will include selecting and planning relevant geophysics in line with consultation with pastoralists. Work already undertaken shows significant potential for extensions of the Samphire palaeochannel in the immediate area around Blackbush, including district-scale extensions within AGE’s tenement package.
• Australian Nuclear Science and Technology Organisation (ANSTO) commenced uranium leach and ion exchange (IX) extraction test work on ISR amenable mineralised cores sampled from Blackbush West.
• A detailed Samphire Project workflow plan has now been established for the next two to three years, and detailed costing and identification of required resources is underway.
*Australian Nuclear Science and Technology Organisation (ANSTO) has commenced uranium leach and ion exchange (IX) extraction test work on the ISR-amenable uranium mineralisation from Blackbush West. This work will broadly estimate expected extraction recovery and resin loading rates. This work, in conjunction with a re-estimated JORC-compliant resource, will form the basis for a Scoping Study we expect to be completed by end of Q3, 2022.
AGE Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
