EXPLORATION & DEVELOPMENT

Mulga Rock into feasibility

POTENTIAL uranium mine developer, the Andrew Forrest-backed Vimy Resources, will need in the order of $US290 million to develop Mulga Rock project, and require a uranium price of $US50 per pound to break even.

Michael Quinn
Mulga Rock into feasibility

Pre-feasibility work showed the 17-year project located in Western Australia would produce a total of 50 million pounds of uranium, at a life-of-mine cash cost of $31/lb. The work also showed Mulga Rock...

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