HIGHLIGHTS
- Completion of 63-hole, 4,099m aircore drilling program to support a geo-metallurgical study at the
- Geo-metallurgical test work will commence in Q1 2023 and inform an updated assessment of critical minerals and recovery options.
- Test work results will form the basis for the planned revised MRP Definitive Feasibility Study (DFS), to include potential uplift in project value due to recovery of critical minerals.
- A 600 to 800-hole aircore drill program is planned for H1 2023, to:
o Better define reserve/resource variability and distribution of critical minerals
o Upgrade resource classification for uranium and critical minerals
o Provide additional material for metallurgical analysis
As advised on
The evaluation program is assessing the potential value of metals such as copper, nickel, cobalt, zinc, and rare earths (particularly neodymium and praseodymium), known to be present in these deposits.
Preliminary work already completed by the Company demonstrated that optimising the process flow sheet and mining schedules, within approved pit boundaries, by considering the full economic mineral endowment of these polymetallic deposits, rather than focusing solely on uranium, may add substantial value to the Project.
Drilling completed to date by Deep Yellow, associated with this program, has been restricted to the Mulga Rock East deposits (Ambassador and Princess) shown in Figure 1. These deposits are richer in critical minerals and uranium, represent the majority of the known mineral resources and consequently will be mined before the lower grade deposits to the west in MRP's mining schedule, providing up to 20-years operating life.
To help better define the assessment for value uplift at the MRP, a 63-hole, 4,099m geo-metallurgical aircore drill program was completed on 8 of
Additionally, 1,862 samples will be submitted for multi-element geochemical analysis to support the metallurgical test work and re-assessment. Results will be reported once they become available.
Next step
In support of the revised MRP DFS, a 600 to 800-hole aircore drill program is planned for completion in H1 CY23 to better define reserve/resource variability, upgrade the resource classification for uranium and critical minerals and provide additional material for metallurgical analysis.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/7N4KY0QB
About
Contact:
Managing Director/CEO
T: +61-8-9286-6999
E: john.borshoff@deepyellow.com.au
W: www.deepyellow.com.au
Media:
T: +61-466-984-953
e: cgilenko@citadelmagnus.com
Copyright (C) 2023 ABN Newswire. All rights reserved., source