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Deep Yellow picks process option for Namibia uranium project

Deep Yellow picks process option for Namibia uranium project

Photo by Bloomberg

9th May 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Uranium developer Deep Yellow has selected a processing option for its Tubas Sands project, in Namibia, following the completion of a preliminary techno-economic trade-off study.

The study compared five processing options, which represented various levels of beneficiation, yielding products ranging from an upgraded sand concentrate through to uranium-bearing precipitates.

Deep Yellow noted that while all options were considered feasible under different pricing assumptions, the company settled on physical beneficiation as the best processing option, owing to its lower technical risk and capital expenditure, as well as the shortest estimated development schedule.

The physical beneficiation option would consist of ore scrubbing, classification and dewatering to produce an upgraded sand concentrate that would be sold to existing Namibian producers.

“This is a good result. We now have an independent view of the potential of the Tubas Sand project,” said Deep Yellow MD Greg Cochran.

“The study has given us greater confidence to move the project forward and also provided clarity on the operational choice to be made.”

The environmental approval was already in place for the Tubas Sands project, under the selected operating conditions.

Cochran said this week that Deep Yellow would now focus on planning an accelerated prefeasibility study and feasibility study, with a view to completing the studies by the middle of June 2015, depending on funding and market conditions.

“Obviously current uranium prices are both unattractive and unsustainable, so we will be looking for stronger market signals before making any commitment to development,” Cochran said.

The Tubas Sands project currently has a Joint Ore Reserves Committee-compliant mineral resource of 24-million tonnes, at 170 parts per million, for 12.7-million pounds of uranium oxide.

Edited by Creamer Media Reporter

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