(via NewsDirect)
Heili explained that
This strategy is expected to enhance operational control and reduce external processing uncertainties. The revised production strategy sets a timeline for production to begin in late 2024, with the commencement of uranium extraction and processing within the Ross and Kendrick production areas at Lance.
The Life of Mine model is based on a total resource base of 21.8 million pounds of U3O8 within these areas. Notably, the plan excludes the contiguous Barber Resource Area, with the total cost of the plant attributed to the Ross & Kendrick production.
Heili highlighted that the expanded plant functionality will also be available to process future output from the Barber Resource Area, which contains a larger resource base of 31.9 million pounds of U3O8.
This approach positions
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