Important note - refer to announcement on 14 Feb 07:
- Potential small commercial mine by end of this year. - produce up to 40 tonnes or USD10mln. - And of course subject to local government approvals, already has federal approvals..... - 2008 and forward is even greater.
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If the proposed trial plant proves successful, Curnamona says it could easily be scaled up to a small commercial uranium mining operation able to produce up to 40 tonne of yellowcake per annum.
If approved, the claim will allow installation and commissioning of the trial treatment plant by the second half of this year.
The value of uranium indicated by the drillhole gamma logging in this small area is more than A$70 million at current spot uranium prices, with the potential for a tenfold increase in the immediate vicinity. If the trials are successful, Oban can quickly become a small commercial mine.”
Mr Randell said preliminary planning of the field leach trial treatment plant was well advanced, and subject to PIRSA approvals, should be constructed and operational by the second half of calendar 2007.
CUY Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
