Name and location
Chirundu uranium joint-venture project, Zambia.

Project description
The prefeasibility study (PFS) on the Chirundu uranium project envisages uranium ores being mined initially from the Njame deposit only, with mining and heap leaching to start at the Gwabe site once Njame has been exhausted.

Njame North has an indicated resource of 3,9-million tons of U₃O₈ at 388 parts per million (ppm), and an inferred resource of 5,2-million tons of U₃O₈ at 275 ppm.

The Gawbe deposit has an indicated resource of 0,9-million tons at 196 ppm of U₃O₈ and an inferred resource of four-million tons at 303 ppm of U₃O₈.

All mining will be from openpits, with ore stacked as a series of cells on a single-lined leach pad. Waste will be stored on a waste dump. The mine is expected to deliver 1,3-million pounds of U₃O₈ a year over a five-to six-year project life.

Value
The estimated capital costs of the project amount to $68-million preproduction costs with an additional $21-million required for deferred cost.

Duration
Not stated.

Breakdown of main contracts
Not stated.

Client
Albidon (30%) and African Energy Resources (AFR) (70%).

Latest developments
AFR's board has approved a bankable feasibil]ity study, which started in early May.

Participants
Mintek Laboratories, SGS Lakefield, Knight-Pieshold, GRD Minproc, Utilink and African Energy (PFS).

Construction materials
Not stated.

On budget and on time?
Not stated.

Contact details for project information
Albidon, tel +61 8 9211 4600, fax +61 8 9211 4699 or email info@albidon.com.
AFR, tel + 44 1481 234101 or email info@africanenergyresources.com.