“The world needs uranium production but the only way for that to happen is to get the price to move,” he said. “The world’s nuclear reactors need a supply of uranium but it’s not going to happen at the current price. Production has not met demand for a few years and won’t do anytime soon unless uranium producers are incentivised to develop projects,” he added.
“The results indicate U-pgradeTM can reduce acid consumption from 104 kilgroms per tonne [of ore] to 24 kilograms per tonne, demonstrating significant operating cost savings,” Mr Hill said. “These results indicate that, following application of U-pgradeTM, Angela potentially becomes economically viable at a significantly lower uranium price,” he said.
31st May 2024
8th May 2024
4th May 2024
Any advice provided by Reach Markets including on its website and by its representatives is general advice only and does not consider your objectives, financial situation or needs, and you should consider whether it is appropriate for you. This might mean that you need to seek personal advice from a representative authorised to provide personal advice. If you are thinking about acquiring a financial product, you should consider our Financial Services Guide (FSG)
including the Privacy Statement and any relevant Product Disclosure Statement or Prospectus (if one is available) to understand the features, risks and returns associated with the investment.
Please click here to read our full warning.