EXPLORATION & DEVELOPMENT

Marenica development becoming a reality

AUSTRALIAN uranium company Marenica Energy is targeting 2014 for first production from its namesake property in Namibia after a scoping study found it could deliver 3.5 million pounds of uranium per annum at a capital cost of $US260 million ($A268 million).

MiningNews.Net

Marenica development becoming a reality

Operating costs to develop the 10Mtpa heap leach operation came in at $US38 a pound and a five-year payback estimated based on total production of 45Mlb of uranium over a 13-year life. The project sits...

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