MENAFN - ProactiveInvestors - Australia
Black Range Minerals' Ablation process recovers more than 99% uranium
Pilot Scale (0.5 tonne per hour) Ablation Processing Unit
(MENAFN - ProactiveInvestors - Australia) Black Range Minerals' (ASX: BLR) modified Ablation processing circuit has returned uranium recoveries in excess of 99% from samples of mineralisation from its Hansen Deposit in Colorado.
This follows the incorporation of a secondary upgrade circuit to the design after completing extensive testwork on numerous samples of sandstone-hosted uranium mineralisation from several deposits across the U.S.
The outstanding recoveries provides further confidence for Black Range that the purely physical Ablation process will be able to produce a high value concentrate from the 90.9 million pound Hansen/Taylor Ranch Uranium Project.
Black Range expects the process to eliminate the need to construct a conventional processing facility at or near the project, which will in turn have a positive effect on its capital cost as well as minimising the timeline required to obtain permits to start production.
Higher recoveries are also expected to benefit the project's operating cost.
Black Range had in July 2012 formed a joint venture with Ablation Technologies' to market the latter's ore concentration technology, which offers a low cost method of concentrating uranium by applying a physical, grain-size separation process, to ore slurries without the addition of chemicals.
Extensive testwork has shown that, from amenable sandstone-hosted uranium ore types, typically more than 90% of the uranium mineralisation can be recovered into about 10% of the initial sample mass.
Taken together, Ablation offers an extremely effective yet environmentally sensitive uranium concentration method with lower capital and operating costs that can be applied to sandstone-hosted uranium deposits, globally.
As a case in point, a positive Scoping Study at Hansen has forecast that the use of underground borehole mining and the Ablation process would result in operating costs of about US30 per pound of U3O8 and capital costs of less than US80 million.
The joint venture, which has since been incorporated and an operating agreement finalised and executed, holds rights to apply Ablation to all mineral deposits " not just uranium as originally agreed.
Applications of Ablation other than for uranium are yet to be assessed, but it is anticipated that additional opportunities could arise.
Black Range and Ablation are currently constructing a semi-commercial 5 ton per hour capacity processing unit " using off the shelf parts " that can be fit on the back of a single semi-trailer.
This initial unit will be readily mobile, hence easily relocatable from project to project to facilitate advanced on-site testing prior to full-scale operations.
Construction of this unit is expected to be completed in April 2013. It is anticipated that, on completion, this unit will be tested at Ablation's manufacturing facility for several weeks before it is deployed for initial field trials.
The Hansen project area contains JORC Indicated and Inferred resources of 90.9 million pounds of U3O8, at a grade of 600 ppm, found within 5 separate deposits that are located along a 10 kilometre strike line, the largest uranium deposit in Colorado and the third largest deposit in the U.S.
The Life of Mine Operating Costs were estimated at a total of 30.01 per pound of produced uranium, that includes wages of 3.07, UBHM operating costs 13.38, ablation operating costs 3.13, material handling 0.19, water treatment 0.12, milling operating costs 8.14, and site wide costs of 1.99 that were prepared to an accuracy of /- 20% and exclude royalties, taxes and contingency.
Capital Costs were estimated at a total of 141.52 million and include UBHM slurry handling 3.09 million, ablation 34.11 million, material handling 1.91 million, water treatment 12.07 million, site wide costs 7.34 million, engineering and installation 15.00 million, and mill for 68.00 million. Capital costs could be significantly reduced to around 40 million by the separate provision of off-site milling and a BOO agreement for ablation.
The strong recoveries achieved using the Ablation process and the likelihood of faster approvals along with lower capital and operating costs compared to conventional methods all serve to add to the attractiveness of Black Range's Hansen/Taylor Ranch Uranium Project.
Already one of the largest uranium resources in the U.S., the project could be producing uranium as early as the second half of 2013 at a time when production is in short supply.
Further upside is present from the global supply-demand outlook for uranium, which anticipates near-medium term appreciation in the uranium price.
Black Range's current market cap. is demonstrably low on a peer comparison basis at less than 0.14 per pound compared to the peer average of about 1.14 per pound.
MENA News Headlines
|Mar 10 2014||Cash-strapped Morocco courts US investment ,AFP|
(MENAFN - AFP) Morocco's finance minister on Monday urged US businesses to boost investment in the country and take advantage of "unprecedented" regional growth, as the cash-strapped government ...|
|Mar 10 2014||Doha Insurance to launch rights issue at USD120m ,MENAFN|
|(MENAFN) Doha Insurance announced its intention to offer additional shares to shareholders, Arabian Business reported.
The company"s bid aims to raise around USD119.9 million and double its ...|
|Mar 10 2014||ME oil, gas transactions led by Oman, UAE, Iraq ,MENAFN|
|(MENAFN) Combined oil and gas transactions in the UAE, Oman and Iraq accounted for around 60 percent if total upstream transactions in the Middle East, Times of Oman reported.
The number of ...|
|Mar 10 2014||Oman plans to divest stakes in state-owned firms ,MENAFN|
|(MENAFN) The Omani government announced its intention to divest its stake in state-owned companies through initial public offerings (IPO), Times of Oman reported.
Executive President of Capital ...|
|Mar 10 2014||Makkah hotel industry posts steady growth ,MENAFN|
|(MENAFN) The city of Makkah is confident that it will continue to enjoy steady business growth, pushed by the positive presence of convenient room occupancy rates, Saudi Gazette reported.
The city ...|
|Mar 10 2014||Saudi construction projects at USD195b in 3 years ,MENAFN|
|(MENAFN) Planned construction projects in Saudi Arabia in the following three years are estimated at USD195.4 billion, Saudi Gazette reported.
The Big 5 Saudi has launched and is expected to ...|
|Mar 10 2014||Dubai non-oil trade up to USD361b in 2013 ,MENAFN|
|(MENAFN) Dubai"s non-oil foreign trade surged USD25.58 billion last year, hitting a record USD361.7 billion, Khaleej Times reported.
India was the emirate"s top trading partner in the year as ...|
|Mar 10 2014||SW China Forest on Fire, Casualties Unknown ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Firefighters are battling to extinguish a forest fire in southwest China's Yunnan Province, according to China's News (Xinhua). A total of 2,320 people, including 250 ...|
|Mar 10 2014||Waiting and Searching for Missing Malaysian Flight Continue ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Chinese warship Mianyang has arrived at the waters suspected to be the site of the missing Beijing-bound Malaysian jetliner, military sources said on Monday. The warship ...|
|Mar 10 2014||Amnesty Accuses Syrian Forces of Committing War Crimes in Yarmouk ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Amnesty International has accused the Syrian government forces of starving the population and targeting doctors in Yarmouk refugee camp in the outskirts of the capital ...|
|Mar 10 2014||Qatar's Mutaz Essa Barshim Wins Men's High Jump Gold Medal ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Qatar's Mutaz Essa Barshim claimed gold medal in the Men's High Jump Final during day three of the IAAF World Indoor Championships at Ergo Arena on Sunday. The ...|
|Mar 10 2014||Al Sadd and Al Arabi Share Spoils in Qatar Stars League ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Al Arabi and Al Sadd drew Saturday 1-1 in the 22nd round of Qatar Stars League.
Ibrahim Khalfan took the lead for Al Sadd in the 70th minute. It took Al Arabi only ...|
|Mar 10 2014||Kuwait Probes Deaths of Dolphins along Its Coast ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Kuwait's Environment Public Authority (EPA) has launched a probe into the causes of dolphin deaths along the country's coasts overs the past few days. EPA's Deputy ...|
|Mar 10 2014||Qatar - Filmmaker Noujaim to Address Northwestern University Students ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Academy Award-Nominated Director of The Square, Jehane Noujaim will be the graduation speaker at Northwestern University in Qatar's ceremony on May 4, the university ...|
|Mar 10 2014||Ukraine Could Sign EU Agreement Later in March ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Ukraine said Sunday it could sign later this month part of a crucial EU agreement for greater integration, even as the former Soviet state remains in a state of upheaval. ...|
|Mar 10 2014||Public Security Director General Inaugurates 30th GCC Traffic Week ,Qatar News Agency|
|(MENAFN - Qatar News Agency) HE Director General of Public Security Staff Major General Saad Bin Jassim Al Khulaifi inaugurated on Sunday the events and activities of 30th GCC Traffic Week in the ...|
|Mar 10 2014||Arab FMs Approve Agenda of Kuwait Summit ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Kuwait's First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah said Sunday the 141st session of the Arab League Council has approved the ...|
|Mar 10 2014||Qatar - HE the Prime Minister Condoles Afghan President ,Qatar News Agency|
|(MENAFN - Qatar News Agency) HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani has sent a cable of condolences to Afghan President Hamid Karzai on the death ...|
|Mar 10 2014||Omani Official Meets Qatari Administrative Development Minister ,Qatar News Agency|
|(MENAFN - Qatar News Agency) Oman's deputy premier for cabinet affairs, Fahd bin Mahmoud al Said, conferred on Sunday with Isa Saad Al Jafali Al Nuaimi , the Qatari administrative development ...|
|Mar 10 2014||Qatar - HH the Emir Sends Cable of Condolences to Afghan President ,Qatar News Agency|
|(MENAFN - Qatar News Agency) HH the Emir Sheikh Tamim bin Hamad Al Thani has sent a cable of condolences to Afghan President Hamid Karzai on the death of First Vice-President Marshal Mohammad Qasim ...|