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PFS study confirms Langer Heinrich high quality and potential

Paladin Energy Ltd.’s pre-feasibility study (PFS) for the resumption of the Langer Heinrich uranium mine has provided enhanced economics and potential for capacity expansion at the Namibian mine. The study has confirmed that $80-million in capital will be required to support a 5.2 million pound a year operation. The Namibian …

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Uranium Miner Sets out Programme to Determine Economic Feasibility at Tumas Channel Project.

Deep Yellow Limited has announced that it has increased the tempo of the work programme at its Reptile Project in Namibia. The uranium miner announced recently that the acceleration programme is to determine the economic feasibility of the Tumas channel uranium deposits and this has led to contracting of two …

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PFS study confirms Langer Heinrich’s high quality and potential

Paladin Energy Ltd’s pre-feasibility study (PFS) for the resumption of the Langer Heinrich uranium mine has provided enhanced economics and potential for capacity expansion at the Namibian mine. The study has confirmed that $80-million in capital will be required to support a 5.2-million-pound-a-year operation. The Namibian mine look set to …

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Paladin hopeful of uranium price benefits despite market uncertainty

Uranium miner Paladin Energy expects to benefit should there be a substantial increase in the uranium price, following signs of recovery in late 2018, chairperson Rick Crabb said in the company’s annual report for the 2019 financial year, published on Tuesday. The miner owns 75% of the Langer Heinrich mine, …

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The renewal of Deep Yellows EPLs in pipeline – Ministry prepared to grant extension

Uranium explorer, Deep Yellow Deep Yellow Limited last week advised that the Ministry of Mines and Energy have notified the company of their preparedness to grant the renewal of Exploration Prospecting Licences (EPLs) 3496 and 3497 for a further two years, until 4 August 2021. The announcement was made last …

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Tumas 1 East reports encouraging drilling

Deep Yellow has reported encouraging drilling results on EPL3497 where new continuous mineralisation has been identified in the Tumas 1 East palaeochannel area along Tributary 5. According to the company, the program was completed in April 2019 with a total of 211 RC drill holes for 1,951m drilled. The project’s …

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Rio Tinto completes divestment of Rössing uranium stake

Rio Tinto has sold its entire 68.62% stake in the Rössing uranium mine for an initial cash payment of $6.5 million plus a contingent payment of up to $100 million. The $100 million contingent payment is linked to uranium spot prices and Rössing’s net income during the next seven calendar …

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Uranium production predicted to rise

Uranium production in the country is forecast to rise by 50 percent, year-on-year this year, double the rate of expansion from last year’s 20 percent, a research firm has said. Fitch Solutions Macro Research’s recent Africa Monitor report for Southern Africa said depressed uranium prices due to overcapacity led to …

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New prospects for Bannerman Resorces

Bannerman Resources developers of Etango Uranium Project one of the world’s largest undeveloped uranium projects have recently completed reconnaissance drilling program on exclusive prospecting licence (EPL) 3345. “We are very encouraged by the potential for resources at the Ombepo target, located 7 km from the proposed Etango primary crusher. “The …

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Tumas indicates extensive uranium mineralisation

Deep Yellow’s broad delineation drilling in the Tumas 1 East area on EPL3497 has been completed indicating extensive uranium mineralisation. “Our work on the Reptile Project is again confirming the very high prospectivity of the Tumas palaeochannel system that has been identified. The new zone of mineralisation that has been …

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