GoviEx Uranium New TSX Listing

" My opinion Only "

It's highly probable that Goviex Uranium will be the first of many Companies to utilize the new Ablation Uranium recovery process within their Niger Madaouela Uranium Project. For those interested do youreself a favor & research Goviex Uranium founder & Executive Chairman Govind Friedland.

http://www.goviex.com/about.php





Metallurgy Niger
Madaouela Uranium Project Development Plan

Mined ore is transferred to the run of mine ("ROM") stockpile. Feed preparation consists of primary crushing with the ore then routed to radiometric ore sorter ("ROS") where by the radiometric selection ore is pre-concentrated to provide a higher grade material.

Following the ROS stage the ore is secondary crushed and mixed with water to produce a slurry for the Ablation stage, where two slurry streams are impacted together to form a high impact energy zone that separates fine heavier uranium minerals from the host rock. The combination of ROS and Ablation results in a 810tpd of feed for feed to the leaching circuit, with approximately 91% of the uranium that was contained in the initial 4020 tpd mined feed.

The two stage leaching circuit consists of primary and secondary agitated leach tanks in recirculation. In the first stage solution from the second stage belt filters is recirculated to leach the fresh feed after which the slurry is thickened with the thickener overflow routed to the uranium recovery circuit as pregnant leach solution ("PLS"). The thickener underflow is routed to the second stage leach, which uses fresh acid to further leach the milled solids. After the second stage the slurry is filtered and the filtered solids residue is washed with fresh solution and discarded to the tailings disposal system.
Leach tanks are agitated and aerated to allow the milled ore to react with sulfuric acid allowing dissolution of the contained uranium. The solution from leach (thickener overflow) is routed to uranium recovery. Uranium recovery from the neutralised PLS takes place through Solvent Extraction (“SX”).
SX is undertaken using a new process to recover both molybdenum and uranium from acidic solutions using CYANEX® 600 extractant. The overall circuit configuration would consist of two extraction steps, one stripping step for iron, two stripping steps for molybdenum, an ammonia washing step and two uranium stripping steps. A wash stage swill be used after the Uranium strip to prevent phosphoric acid transfer. Phosphoric acid will be recovered through an evaporation step in order to reduce reagent requirements. Additional uranium recovery will come from this step through a bleed stream that would feed back into the solvent extraction process.
As a result of the Cyanex 600 solvent the Madaouela Project will be able to produce molybdenum oxide and uranium oxide in a saleable form.
SRK completed a technical economic analysis for the project. The economic analysis results indicate an after-tax Net Profit Value ("NPV") of USD251 M at an 8% discount rate with an Internal Rate of Return ("IRR") of 21.9%. Payback will be in production Year 3.

The proposed base case envisions a 2.53 Mlb per year U3O8 yellowcake production rate, and an 83.0% ultimate recovery; generating an eighteen year mine life and a total production of 45.6 Mlb U3O8. The project economics are at a long-term uranium price of USD 70 /lb U3O8. Initial capital costs are estimated at USD 339 M, total LoM capital costs at USD 646 M, and cash operating costs of USD 26.39 /lb U3O8 excluding royalties, and USD 33.10 /lb U3O8 including royalties.




Cheers from G64