Elevate Uranium (ASX:EL8) said the construction of the U-pgrade demonstration plant is on track for completion by the middle of the year, which will be used for ore from the Koppies uranium project in Namibia, according to a Thursday Australian bourse filing.
The plant is designed to confirm, at a scalable size and operating on a continuous basis, that the U-pgrade process can remove gangue waste material and concentrate uranium mineral into a low-mass, high-grade concentrate before leaching.
Fremantle Metallurgy was awarded the construction contract. It will undergo factory acceptance testing in Perth, be containerized, shipped to Namibia, re-assembled, and used to process at least 60 tonnes of Koppies ore.
It is also conducting resource growth drilling at the Namib IV target, and it plans to undertake future in-fill drilling to identify a maiden resource within the year.
Its shares fell 2% in early trading on Thursday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。