SOUTH PERTH, Western Australia, Aug. 4 /CNW/ – Australian-based uranium mine development and exploration company, Extract Resources Limited (ASX/TSX: EXT) (“Extract or ‘the Company) today released the preliminary capital and operating cost estimates report which confirm the Rossing South project’s potential to be one of the world’s largest uranium mines.
The report states that preliminary cost estimates on the granite hosted, uranium mineralisation at Rossing South in Namibia indicates that the project can support a viable open pit mining operation developed to feed a 15M tpa agitated tank sulphuric acid leach processing plant. Annual production has been estimated at 14.8M lbs U(3)O(8) with capital costs estimated at US$704M and operating costs of US$23.60 per lb U(3)O(8).
Extract Resources Managing Director, Mr. Peter McIntyre, said “the preliminary cost estimates report indicates a conventional open pit mining operation with an agitated tank leach process plant is expected to support a profitable and sustainable mining operation for +20 years.”
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