PERTH (miningweekly.com) – Work to restart production at the Langer Heinrich uranium mine, in Namibia, is on track and within budget, ASX-listed Paladin Resources said on Thursday.
In its quarterly report for the three months to March, the company noted that work at the project was some 40% complete at the end of the quarter, with first production still on track for the first quarter of the 2024 calendar year.
Some 600 personnel have been mobilised to site.
“Paladin continues to progress restart activities at the Langer Heinrich mine in Namibia. The work executed to date, combined with our well-defined pathway to production and on-site project execution team ensures that the project remains on time and budget with first production targeted for first quarter of 2024,” said Paladin CEO Ian Purdy.
“With a strong uranium contract book and a world-class asset in the Langer Heinrich mine, Paladin remains well positioned to deliver long-term value for our stakeholders.”
Restart costs for the Langer Heinrich operation have previously been estimated at $81-million, with the project’s life-of-mine production estimated at 77.4-million pounds over a 17-year mine life, at an estimated C1 cost of $27.40/lb.