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Be the first with the news that moves the market- Forsys Metals Corp (FSY) provided an update on developments at its Norasa Uranium Project in Namibia, Africa
- The scope of work includes a review of testwork information to confirm optimal grind size considering uranium recovery, costs, materials handling and tailings handling
- An eight week time frame is planned for the trade-off studies, along with a drilling program for confirmatory and variability metallurgical testwork
- Forsys Metals Corp. (FSY) opened trading at $0.77 per share
Forsys Metals Corp (FSY) provided an update on developments at its Norasa Uranium Project in Namibia, Africa.
The Norasa Uranium Project is wholly-owned by the company’s subsidiary Valencia Uranium (Pty) Ltd. and comprises the Valencia Uranium Project (ML149) and the Namibplaas Uranium Project (EPL3638) in the Erongo region.
A Definitive Feasibility Study (DFS) was completed by Amec Foster Wheeler for the Norasa Project in 2015. Technical trade-off studies will now be conducted to evaluate the options for practical and economical benefit, in comparison to the 2015 DFS. Engineering consulting company DRA Mineral Projects Pty Ltd. has been appointed as the to conduct the trade-off studies.
The company’s CEO, Mark Frewin commented on the news.
“We are pleased to appoint DRA to conduct these studies as they are highly qualified and have a strong understanding and experience with uranium mining. The appointment is a key element towards engineering and design optimization at Norasa. We are confident that the studies will highlight opportunities to improve the project economics in a market where uranium is now being treated as a environmentally sound renewable energy source.”
The scope of work includes a review of testwork information to confirm optimal grind size considering uranium recovery, costs, materials handling and tailings handling.
An eight week time frame is planned for the trade-off studies, along with a drilling program for confirmatory and variability metallurgical testwork.
Forsys Metals Corp. is an emerging uranium developer with 100 per cent ownership of the Valencia uranium project and the Namibplaas uranium project in Namibia, Africa.
Forsys Metals Corp. (FSY) opened trading at $0.77 per share.
