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Marenica Energy Ltd.
Summary
| Project: | Marenica | |
|---|---|---|
| Deposit: | Marenica | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 4/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-4-2017: Marenica Energy Ltd. announces a Scoping Study report for its Marenica deposit at the Marenica project. Scoping study supports a low risk, fast tracking development into uranium production. An Independent Scoping Study has been completed on the | |
| Resources: | ||
| CP/QP: | [Resources]: Ian Glacken (Optiro Pty Ltd.) | |
| ABSTRACT: | An Independent Scoping Study has been completed on the Marenica Uranium Project in Namibia. The study concluded: The project would have industry competitive production costs, making it highly competitive with other ASX peer projects. The project would benefit from its enviable location in a highly attractive jurisdiction for uranium mining. The project would play a highly credible role in meeting future industry Uranium demand. Low cost surface mining technology possible due to favourable mining conditions. Shallow, flat deposit and a very low proportion of waste to ore. Applying U-pgradeTM to ROM ore creates high value concentrate. There is no need for a tailings dam on site. Concentrate treated at third party processing plant, reducing capital development complexity and risk. The Scoping Study has confirmed the Board’s view that a step change in CAPEX and OPEX is possible by using Marenica’s own U-pgradeTM technology and a more flexible operating strategy using the latest mining technology. This supports further targeted expenditure on progressing the project to a point where it can be fast-tracked into production as soon as Uranium prices begin to recover. | |
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