The tests show that uranium and vanadium grades can be increased between 4 and 12 times simply by screening, uranium leach recovery from upgraded material was between 74% and 96% and vanadium leach recovery from upgraded material was between 71% and 86%.
U3O8 president and CEO Richard Spencer said that the company’s initial metallurgical test results mark an important step towards demonstrating the economic viability of Laguna Salada, adding yet another positive attribute to this potentially low cost project.
The company said that the uranium-vanadium occurs in soft, unconsolidated sandy gravel that should be amenable to low-cost mining techniques that require no blasting and crushing.
The Laguna Salada project is located in Chubut Province of Argentina, where an open-pit mining ban is currently in effect.
