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Uranium One Announces Commencement of Processing Uranium Ore at Dominion
Uranium One Announces Commencement of Processing Uranium Ore at Dominion.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\nTrading Symbol: SXR - Toronto Stock Exchange, JSE Limited (Johannesburg\n\n\nStock Exchange)\n\n\nTORONTO and JOHANNESBURG, South Africa, March 1 /CNW/ - sxr Uranium One\nInc. ("Uranium One") today announced that processing of underground uranium\nore at its Dominion Reefs Uranium Mine commenced on schedule this week\nfollowing the successful hot commissioning of the atmospheric leach circuit at\nthe Dominion mill.\n\n\nAs detailed in the 2006 Dominion project feasibility study, the mill also\nincludes a pressure leach circuit incorporating two autoclaves designed to be\nbrought online this year in a staged approach. In accordance with the\nfeasibility study, the pressure leach circuit utilizing the first autoclave\nwill be ready for hot commissioning during April 2007. This circuit will\nenable the Dominion plant to realize designed recoveries and a throughput of\n100,000 tonnes per month. The commissioning of the second autoclave, scheduled\nfor August 2007, will increase plant capacity to 200,000 tonnes per month.\n\n\nAs previously announced, the plant production ramp-up is initially\nexpected to exceed the ore production from underground and spare plant\ncapacity will be utilized by processing uranium and gold bearing slime from\nthe Dominion dump resource. Test work has shown good recoveries are obtainable\nfrom the slime material and an 80,000 tonne per month hydraulic sluicing\nfacility has been commissioned to supplement production from underground.\n\n\nUranium One President and CEO Neal Froneman commented:\n\n\n"The commencement of ore processing at Dominion, in line with targets we\nset for ourselves in 2003, marks one of the most important milestones in the\ndevelopment of Uranium One. The achievement of these targets is a testament to\nthe commitment and professionalism of our team and the consultants and\ncontractors who have assisted us, and we look forward to completion of the\nramp-up to full production. In the meantime, we remain un-hedged and ideally\nplaced to benefit from the current high uranium prices and from any further\nincreases in the uranium price."\n\n\nAbout Uranium One\n\n\nUranium One Inc. is a Canadian uranium and gold resource company with a\nprimary listing on the Toronto Stock Exchange and a secondary listing on the\nJSE Limited (the Johannesburg stock exchange). ...