ERA delays rehabilitation feasibility study
PERTH (miningweekly.com) – ASX-listed Energy Resources of Australia (ERA) has delayed the rehabilitation feasibility study for its Ranger uranium project, in the Northern Territory.
The feasibility study was initially slated for completion in September this year, however, given the need for additional studies, ERA now expects to receive the final feasibility study in October.
ERA has previously flagged that the cost of the rehabilitation work could exceed the A$1.6-billion to A$2.2-billion independent estimate, but said on Tuesday that it was unable to confirm the estimated complete project schedule and total rehabilitation costs at this time, owing to a number of uncertainties including the outcome of the final 2022 feasibility study, the outcome of the additional studies and the further work to be undertaken by ERA to verify and attempt to mitigate estimated costs identified in those studies.
ERA did, however, say that the total rehabilitation costs would "materially exceed" the previous independent estimate and that the final completion date of the rehabilitation work would also be delayed.
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