Name and Location
Temrezli uranium project, Turkey.

Client
Anatolia Energy.

Project Description
The Temrezli uranium deposit is the largest and highest-grade uranium deposit known in Turkey, located in one of the richest uranium districts in the country, about 200 km east of Turkey’s capital, Ankara.

The prefeasibility study (PFS) completed on Temrezli has confirmed the technical viability of the project and the robust financial returns that could be achieved.

The development plan for the project, which forms the basis of the PFS, is premised on the construction of a central processing plant (CPP) at the Temrezli site.

It is envisioned that the site will have a production capacity of 1.2-million pounds a year of uranium oxide (U₃O₈) and will process uranium-bearing solutions from the Temrezli well field, with the potential to process uranium-loaded resin transported from any satellite uranium deposits developed in the future from the company’s other projects in the region.

The PFS modelling is based on a current resource of 5.2-million tonnes grading 1 157 parts per million of U₃O₈ equivalent for 13.3-million pounds of U₃O₈, from which 9.9-million pounds of U₃O₈ are recovered over an initial mine life of 12 years.

Anatolia intends to use in situ recovery methods to extract uranium from the Temrezli deposit.

The CPP has been designed to a flow capacity of about 11 356 a minute fed by 66 header houses over the life-of-mine.

Each header house will be supplied by 20 five-spot well patterns, comprising 20 production wells and 40 injection wells. The final detailed plant design will also provide for additional capacity to receive pregnant resin from potential satellite projects.

To complement the scalability of the plant, a 570 540 m³ evaporation pond will be constructed to contain an expected system bleed of 20.2 m³/d.

The pond will be built using a 91 cm clay liner in addition to a combination of a 2 mm textured high-density polyethylene liner and a geosynthetic clay liner to ensure containment, while retaining capacity for potential output expansions.

The project’s economics and project life could be bolstered through the future integration of satellite mining opportunities such as Anatolia’s 100%-owned Sefaatli project.

Net Present Value/Internal Rate of Return
The project has development-case pretax net present value at an 8% discount rate, of $191.1-million, and an internal rate of return of 65%.

Value
Initial capital expenditure required to progress to first uranium production is estimated at $41-million, including contingencies, and total capital requirement to reach positive cash flow from operation is estimated at $48.5-million.

Duration
Not stated.

Latest Developments
Anatolia’s is focusing on finalising its environmental- and social-impact assessment, which is required to convert Anatolia’s operating licence to an operating permit, and to progress discussions with several potential providers of development funding.

While permitting and project approvals are progressing, Anatolia will start predevelopment activities to ensure that full-scale development starts as soon as possible, which is expected this year, subject to development finance being in place.

These predevelopment activities will include concluding land acquisitions with several local private landholders required for the development of the project.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Anatolia Energy, tel +61 8 9321 5245, fax +61 8 9321 5036 or email admin@anatoliaenergy.com.au.