Energy and Minerals Australia Limited (EMA) is developing Western Australia's largest independently owned uranium resource, the Mulga Rock Deposits (MRD), with production targeted for 2014.
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Project News
Positive Outcome of Scoping Study
Energy and Minerals Australia Limited (EMA), Western Australia’s largest independently-owned uranium developer, is pleased to announce the outcome of its scoping study on the Ambassador deposit. The study investigated uranium production by open pit mining and Resin in Pulp (RIP) of the lignite-hosted deposit, concurrent with Insitu Recovery (ISR) of adjacent sandstone-hosted deposits.
Study Highlights
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Name Plate U3O8 Production |
1,200 tonnes (2.6 million pounds) of U3O8 per year, |
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Production |
12,000 tonnes of U3O8 between 2014 and 2025 |
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Recovery |
82 % RIP and 65 % ISR |
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Estimated Project Capital |
A$ 260 million RIP and ISR combined, with maximum negative cash flow of A$165 million |
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Estimated Project operating costs |
US$ 23 per pound of U3O8 produced
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Project Returns |
Free Cash Flow |
A$ 750 million |
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Net Present Value |
A$ 270 million |
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Internal Rate of Return |
30% |
Outcomes
The project is expected to be a long term, high volume, low cost producer of uranium. The project will have flexibility in that it has two production routes being Insitu Recovery and Open Pit Mining with Resin in Pulp. The Board has accepted the Scoping Study and will now progress towards a Pre Feasibility Study.
Project Locations
