Anatolia's Turkish project proves profitable
PERTH (miningweekly.com) – A prefeasibility study (PFS) into the Temrezli ISR uranium project, in Turkey, confirmed the project to be technically low risk, but highly profitable, ASX-listed Anatolia Energy reported on Monday.
The PFS was based on a central processing plant delivering 1.2-million tonnes a year of uranium oxide (U3O8), which would process uranium-bearing solutions from the Temrezli well field. The PFS was based on the current resource of 5.2-million tonnes, grading 1 157 parts per million for 13.3-million pounds of U3O8.
It was expected that about 9.9-million pounds U3O8 would be recovered over a 12-year mine life.
The PFS revealed that the project would require a capital investment of $41-million, and would have a pay-back period of 11 months. The project would have a net present value of $191.1-million and would deliver gross revenue of $644-million over the mine life, along with an operating cash flow of $345.5-million, based on a $65/lb uranium price.
“Completion of the PFS is a significant milestone for Anatolia and takes the company a great deal closer towards achieving our objective of becoming a high margin producer of uranium in the near-term,” said CEO and MD Paul Cronin.
He noted that the strong economics of the project, at the current uranium price, provided a robust foundation for project financing and uranium sales discussions.
“Our focus over the coming months will be to complete detailed plant designs and seek to assess the project capital based on local Turkish plant costs, which we believe may substantially reduce up-front capital requirements.”
The company would also submit the fist stage of its environmental and social-impact assessment by the end of February. The company would also work to convert its operating licence into an operating permit.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
