PERTH (miningweekly.com) – Uranium explorer Energia Minerals has launched a scoping study on its Carley Bore deposit, within the Nyang uranium project, in Western Australia.
The scoping study, which would likely be completed by mid-May, would be based on the current inferred resource of 23-million tons, grading 330 parts per million.
Energia said on Monday that the study would incorporate a higher-grade starter operation from Zone 6, followed by the larger Zone 1, which had the potential to provide higher cash flows in the early years of the project.
Energia MD Kim Robinson said that the completion of the scoping study would lay the foundation for the next stage of evaluation and development of the Carley Bore deposit.
“We have been very pleased with the success of our recent drilling programme in increasing the size of the resource at Carley Bore. This, together with the recognition that early mining of the high-grade Bull Run zone enabled us to bring forward the scoping study to put some economic parameters around the current mineral resource.”
Robinson said that the scoping study would enable Energia to accomplish that, and would assist the company to create a clear development pathway for this project.